Globalstar Announces First Quarter 2024 Financial Results and Operational Updates
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Business Wire
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024.Rebecca Clary, Chief Financial Officer, commented, “We are pleased with our financial results for the first quarter, which generally exceeded our expectations with total revenue higher on a sequential basis as well as compared to the prior year quarterly average. As previously disclosed, the prior year’s first quarter included nonrecurring service revenue, as well as a spike in subscriber equipment sales when inventory was replenished after supply chain disruptions were resolved. Since we anticipated these factors, today we re-iterate our full year 2024 revenue and Adjusted EBITDA guidance issued in February. We are excited about how 2024 has started and even more excited about what we expect to come in the balance of the year.”Dr. Paul E. Jacobs, Chief Executive Officer, said, “Since our last earnings report, Global
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News
- Globalstar, Inc. (AMEX:GSAT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Globalstar Announces First Quarter 2024 Financial Results and Operational Updates [Yahoo! Finance]Yahoo! Finance
- Globalstar, Inc. Earnings Release and Call NoticeBusiness Wire
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Sec Filings
- 5/17/24 - Form SD
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- GSAT's page on the SEC website