Globalstar -2.5% after Q3 report with 19% revenue gains [Seeking Alpha]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Seeking Alpha
Globalstar -2.5% after Q3 report with 19% revenue gainsGlobalstar (NASDAQ:GSAT) isoff 2.5% today following aQ3 earnings report where it posted an unexpected profit thanks to a noncash derivative gain tied to decline in the company's stock price."This quarter, growth in our subscriber base and significant improvement in ARPU contributed to a 19% increase in total revenue," says CEO Jay Monroe. "Importantly, Adjusted EBITDA increased 68% from the prior year quarter reflecting the operating leverage inherent in this business."Revenue breakout: Service revenues, $26.1M (up 18.9%); Subscriber equipment sales, $4.4M (up 22.2%).Revenue by segment: Duplex, $11.4M (up 8.9%); SPOT, $12.7M (up 14.1%); Simplex, $5.1M (up 63%); IGO, $314,000 (down 24%); other, $1M.ARPU: Duplex, $48.64 (up from $40.02); SPOT, $12.96 (up from $11.65); Simplex, $3.08 (up from $2.56); IGO, $2.35 (up from $2.02).Conference call to come at 5 p.m. ET.Press ReleaseSee all stocks on the move »
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GSAT
News
- Globalstar to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Globalstar to Participate in Upcoming Investor ConferencesBusiness Wire
- Global Connectivity Demands Fuel Rapid Growth of Satellite IoT Market to a US$4 Billion Frontier by 2030 [Yahoo! Finance]Yahoo! Finance
- Global Connectivity Demands Fuel Rapid Growth of Satellite IoT Market to a US$4 Billion Frontier by 2030PR Web
- Garmin inReach Mini 2 vs. Spot X: Which satellite messenger is best for you? [CNN]CNN
GSAT
Earnings
- 2/28/24 - Miss
GSAT
Sec Filings
- 4/12/24 - Form POS
- 4/10/24 - Form ARS
- 4/10/24 - Form S-8
- GSAT's page on the SEC website