Globalstar Inc (GSAT) Posts Record Annual Revenue in 2023 Financial Results [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
Operational Achievements : Included a major retailer order for XCOM RAN systems and a new government services contract. Adjusted EBITDA : Grew by 103% to $116.7 million in 2023, reflecting robust operational performance. Net Loss : Decreased to $24.7 million in 2023 from $256.9 million in 2022, showing improved financial health. Liquidity : Cash and cash equivalents rose to $56.7 million as of December 31, 2023, from $32.1 million the previous year. Debt Profile : Total principal amount of debt increased to $398.7 million at the end of 2023, due to strategic capital structure changes. 2024 Outlook : Projected total revenue between $225 million and $250 million with an Adjusted EBITDA margin of approximately 50%. Warning! GuruFocus has detected 4 Warning Signs with GSAT. On February 28, 2024, Globalstar Inc ( GSAT ) released its 8-K filing , announcing a record-breaking annual revenue for the fiscal year ended December 31, 2023. The company, a leading provider of mobile
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GSAT
Earnings
- 2/28/24 - Miss
GSAT
Sec Filings
- 4/26/24 - Form EFFECT
- 4/12/24 - Form POS
- 4/10/24 - Form ARS
- GSAT's page on the SEC website