Globalstar Inc (GSAT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic Advances [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
globalstar.com/investors
Company Research
Source: Yahoo! Finance
Adjusted EBITDA: Increased 34% with a margin of 59%, up from 55% in the prior year's third quarter. Cash on Hand: Ended the quarter with $52 million. Leverage Ratio: Remained healthy at 2.9 times. Revenue Guidance for Full Year 2024: Raised to a range of $245 million to $250 million. Adjusted EBITDA Margin Guidance: Raised to 54% for the full year. Warning! GuruFocus has detected 4 Warning Sign with GSAT. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Globalstar Inc ( GSAT ) reported a 25% increase in total revenue for the third quarter of 2024, reaching a record $72 million. Service revenue increased by 28%, driven primarily by wholesale capacity revenue and performance bonuses. Adjusted EBITDA increased by 34% with a margin of 59%, up from 55% in the prior year's third quarter. The company successfully extended its services agreement with its largest customer, which includes t
Show less
Read more
Impact Snapshot
Event Time:
GSAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GSAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GSAT alerts
High impacting Globalstar, Inc. news events
Weekly update
A roundup of the hottest topics
GSAT
News
- Globalstar Wins Terrestrial Authority in Mexico [Yahoo! Finance]Yahoo! Finance
- Globalstar Wins Terrestrial Authority in MexicoBusiness Wire
- Globalstar Announces Participation at Deutsche Bank's Global Space Summit [Yahoo! Finance]Yahoo! Finance
- Globalstar Announces Participation at Deutsche Bank’s Global Space SummitBusiness Wire
- Globalstar, Inc. (NYSE: GSAT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
GSAT
Earnings
- 11/7/24 - In-Line
GSAT
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/7/24 - Form 8-K
- GSAT's page on the SEC website