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Stockreport

Globalstar Announces Third Quarter 2017 Results

GLOBALSTAR (GSAT)  More Company Research Source: GlobeNewswire
PDF COVINGTON, La., Nov. 02, 2017 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE American:GSAT) today announced its financial results for the quarter ended September 30, 2017. Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, “Our core business continues to achieve significant financial growth as we expand our subscriber base and execute on opportunities to grow revenue. During the quarter, areas of our country were impacted by several natural disasters. As a satellite communications provider, we provide critical connectivity to individuals, businesses and governmental agencies during the aftermath of these types of tragedies when traditional cellular service is unavailable and disaster recovery efforts are underway. Also, in the near future we expect to deliver new and innovative products that will provide even more options for connectivity in our addressable markets. This quarter, growth in our subscriber base and significant improvement in ARPU contributed to a [Read more]

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