Globalstar Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
"Globalstar reported strong third quarter results highlighted by a 25% increase in total revenue. Net income and Adjusted EBITDA both benefited significantly from the increase in high-margin revenue with a favorable fluctuation in net income of $16 million and an increase in Adjusted EBITDA of 34%, reaching a record high during the quarter. Growth in wholesale capacity revenue continues to be the primary driver of our improved financial results with other recent business initiatives also contributing overall. As a result, we are increasing the low end of our revenue guidance to $245 million from $235 million and Adjusted EBITDA margin to 54% from 53%," commented Rebecca Clary, Chief Financial Officer. Dr. Paul E. Jacobs, Chief Executive Officer, said, "I am pleased with our third quarter results and progress on our long-term growth strategy. I am also extremely proud of the Globalstar team's efforts in response to the tragic events of Hurricanes Helene and Milton, during which we m
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GSAT
Earnings
- 11/7/24 - In-Line
GSAT
Sec Filings
- 2/10/25 - Form CERT
- 2/10/25 - Form 8-A12B
- 2/10/25 - Form 25
- GSAT's page on the SEC website