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Stock impact report

Globalstar Announces Third Quarter 2020 Results

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: Business Wire
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended September 30, 2020.Dave Kagan, Chief Executive Officer of Globalstar, commented, “We are pleased to be in the home stretch of 2020. This year has obviously not been what we expected, but we have enjoyed a few victories, while also enduring the challenges presented by the pandemic. The lingering impact of the oil and gas industry downturn has temporarily altered the trajectory of our Commercial IoT growth, but we remain focused on this area of our business because we believe it will be a significant driver of future profitability. We strongly believe that over the long-term Globalstar’s largest satellite business opportunities are in providing reliable connectivity around the globe for low bit rate IoT data, as well as emergency messaging and tracking for both consumers and enterprises, so we are continuing to pursue these strategies. Our Show less Read more
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