GSAT - Earnings announcements

Generated first quarter 2026 revenue of $70.1 million, a 17% increase from the prior year's first quarter, bolstered by higher wholesale capacity services revenue Announced entry into definitive merger agreement with Amazon Advanced satellite constellation roadmap with two planned launches during 2026 and further development of next-generation satellites Received further regulatory clarity from the Federal Communications Commission's ("FCC") Space Bureau reaffirming Globalstar's exclusive MSS operating rights in the Big LEO spectrum band Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 202

Strong year-over-year growth demonstrates improved market position Increased full year 2025 revenue 9% to a record $273.0 million in line with guidance Launched two-way satellite IoT capabilities and completed the commercial rollout of the RM200M module, expanding Globalstar's addressable markets Progressed global expansion of ground infrastructure to support launch of next-generation constellation Diversified market approach with key collaborations in government and defense Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2025. Globalstar reported full year revenue of $27

Globalstar, Inc. (NASDAQ:GSAT) will announce its fourth quarter and full year 2025 financial and operating results on Friday, February 27, 2026 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Friday, February 27, 2026 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/8v6dbgc2   To participate in the earnings call via teleconference, participants should register at t

Reports revenue growth; reaffirms financial outlook Generated third quarter 2025 revenue of $73.8 million, reaching a record high, driven by higher wholesale capacity services and subscriber equipment sales Advanced the development of the Extended MSS Network, including expansion and upgrade of global ground infrastructure to support third-generation C-3 satellite system, utilizing ongoing prepayment funding from wholesale capacity customer Gained market traction and generated strong sales with subscriber product portfolio, including the availability of a new two-way module, RM200M, on a global basis Received an initial order from a new warehouse automation customer utilizing XCOM R

Globalstar, Inc. (NASDAQ:GSAT) will announce its third quarter 2025 financial and operating results on Thursday, November 6, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, November 6, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/3ekv2xfw   To participate in the earnings call via teleconference, participants should register at the following l

Reports revenue increase; reaffirms financial outlook Generated second quarter 2025 revenue of $67.1 million, an 11% increase over the prior-year period driven by higher wholesale capacity services and Commercial IoT revenue Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite procurement agreement Announced that the Federal Communications Commission (FCC) Space Bureau accepted for filing Globalstar's C-3 petition to advance our mobile satellite services (MSS) network expansion Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its

Globalstar, Inc. (NASDAQ:GSAT) will announce its second quarter 2025 financial and operating results on Thursday, August 7, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 7, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call:   The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/edgptfvv   To participate in the earnings call via teleconference, participants should register at the following link to

First quarter 2025 revenue increased 6% to $60.0 million, driven by strength in wholesale capacity services Announced launch of two-way satellite commercial IoT solution with mass production expected in the second quarter of 2025 Introduced new state-of-the-art Satellite Operations Control Center (SOCC) at Globalstar's headquarters Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. "Our first quarter results are in-line with our expectations with revenue increasing 6% to $60.0 million. Net loss for the quarter was $17.3 million, driven predominantly by non-cash items. Adjusted EBITDA* was $

Globalstar, Inc. (NASDAQ:GSAT) will announce its first quarter 2025 financial and operating results on Thursday, May 8, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, May 8, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/gcqrbxci   To participate in the earnings call via teleconference, participants should register at the following link to receive an emai

Full year 2024 revenue increased 12% to a record $250.3 million, exceeding the high end of revenue guidance Record annual service revenue for Commercial IoT, representing a 15% increase from the prior year On track to deliver scheduled milestones to support next phases of direct-to-cellular service Received $0.9 billion of the total $1.7 billion investment under the Updated Services Agreements announced in November 2024 Uplisted to the Nasdaq Global Select Market on February 11, 2025, following effectiveness of a 1-for-15 reverse stock split Globalstar, Inc. (NASDAQ:GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year en

Globalstar, Inc. (NASDAQ:GSAT) will announce its fourth quarter and full year 2024 financial and operating results on Thursday, February 27, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, February 27, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/3tgt97ge   To participate in the earnings call via teleconference, participants should register at the follow

Globalstar, Inc. (NYSE:GSAT) ("Globalstar" or the "Company") today announced its financial results for the third quarter ended September 30, 2024. "Globalstar reported strong third quarter results highlighted by a 25% increase in total revenue. Net income and Adjusted EBITDA both benefited significantly from the increase in high-margin revenue with a favorable fluctuation in net income of $16 million and an increase in Adjusted EBITDA of 34%, reaching a record high during the quarter. Growth in wholesale capacity revenue continues to be the primary driver of our improved financial results with other recent business initiatives also contributing overall. As a result, we are increasing the l

Globalstar, Inc. (NYSE:GSAT) will announce its third quarter 2024 financial and operating results on Thursday, November 7, 2024 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, November 7, 2024 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link. Webcast Link: https://edge.media-server.com/mmc/p/ssnimn99   To participate in the earnings call via teleconference, participants should register at the following link

Globalstar, Inc. (NYSE:GSAT) today announced its financial results for the second quarter ended June 30, 2024. "Globalstar reported record revenue during the second quarter, driven primarily by growth in wholesale capacity services and other recent business initiatives. The high-margin nature of this revenue contributed to a 20% increase in Adjusted EBITDA and an increase in cash on hand to $64 million as of June 30, 2024," commented Rebecca Clary, Chief Financial Officer. Clary continued, "Based on the continued momentum across our key growth categories, we are raising the low end of our revenue guidance to $235 million from $225 million and projected Adjusted EBITDA margin to 53% from 5

Globalstar, Inc. (NYSE:GSAT) will announce its second quarter 2024 financial and operating results on Thursday, August 8, 2024 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 8, 2024 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/whk4vk5x   To participate in the earnings call via teleconference, participants should register at the following link

Globalstar, Inc. (NYSE: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

Globalstar, Inc. (NYSE:GSAT) will announce its first quarter 2024 financial and operating results on Wednesday, May 8, 2024 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Wednesday, May 8, 2024 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call with be hosted via teleconference. Participants should dial in using the information below:   Toll Free (+1) 800 717 1738 Local (+1) 646 307 1865   Please provide the conference ID 36209 when dialing in

Record annual revenue of $224 million, a year-over-year increase of over 50% Recent operational achievements include: Receiving an order from a major retailer for multiple XCOM RAN systems Generating revenue from a Band 53 deployment opportunity through Nokia Executing a new government services contract Remaining on track for launch of new satellites in 2025 Increased operating cash flows allow for investment in key initiatives, such as XCOM technology commercialization, product development and wholesale capacity utilization Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2023. "Glo

Globalstar, Inc. (NYSE:GSAT) will announce its fourth quarter and annual 2023 financial and operating results on Wednesday, February 28, 2024 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Wednesday, February 28, 2024 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/wmykc7an   To participate in the earnings call via teleconference, participants should register at t

Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the third quarter and year to date period ended September 30, 2023. "Globalstar continued to sustain its record growth this year, with a significant improvement in profitability during the third quarter driven by a 53% increase in total revenue. Given the high margin nature of our revenue sources, Adjusted EBITDA increased 125% over the third quarter of last year. We continued to see momentum build outside of our wholesale services, reflecting new initiatives in Commercial IoT," said Rebecca Clary, Chief Financial Officer. Clary continued, "As a result, we are increasing guidance for 2023 total revenue to

Globalstar, Inc. (NYSE:GSAT) will announce its third quarter and year to date 2023 financial and operating results on Thursday, November 2, 2023 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, November 2, 2023 at 9:00 a.m. ET to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/rzh3ewbe   To participate in the earnings call via teleconference, participants should register at the following l

Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the quarter ended June 30, 2023. "Globalstar continued to see robust growth during the second quarter, with a significant improvement in profitability resulting from a 50% increase in revenue over the prior year's quarter. Notably, Adjusted EBITDA was up 86% over the same period and ending liquidity was $65 million, more than double our cash balance at year end. Importantly, service revenue increased beyond the scope of our wholesale agreement, reflecting organic growth powered by our efforts in IoT," said Rebecca Clary, Chief Financial Officer. Clary continued, "As a result of our sustained growth, we ar

Globalstar, Inc. (NYSE:GSAT) will announce its second quarter 2023 financial and operating results on Thursday, August 3, 2023 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, August 3, 2023 at 9:00 a.m. EDT to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/69gz3m5f   If you would like to participate in the live question and answer session following the Company's confe

Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the quarter ended March 31, 2023. "Globalstar had record growth in the first quarter, with operating income up over 150% and an over 80% reduction in GAAP net loss, each led by a nearly 80% increase in total revenue over the first quarter of 2022, and we are poised to deliver sustainable revenue growth throughout 2023. Notably, Adjusted EBITDA increased over 200% with a healthy margin of 56%, up from 31% over the prior year's quarter" commented Dave Kagan, Chief Executive Officer of Globalstar. Kagan continued, "In addition to record financial growth and as highlighted in this release, we continue to exec

Globalstar, Inc. (NYSE:GSAT) will announce its first quarter 2023 financial and operating results on Friday, May 5, 2023 before the market opens. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Friday, May 5, 2023 at 9:00 a.m. ET to discuss these results. Details are as follows: Earnings Call: The earnings call will be available via webcast from the following link.   Webcast Link: https://edge.media-server.com/mmc/p/cvpcsoxe   To participate in the earnings call via teleconference, participants should register at the following link to receive an email cont

Globalstar, Inc. (NYSE:GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022. "The events of 2022 altered the trajectory of Globalstar's future in a profound way for our shareholders, lenders, customers, partners, employees and anyone else with a vested interest in Globalstar," commented Dave Kagan, Chief Executive Officer of Globalstar. Kagan continued, "The business experienced a true transformation over the last 12 months including the information filed in the September Form 8-K filing and the capital structure changes announced in yesterday's 8-K filing, and our future is anchored in the value generated from these events. With

Globalstar, Inc. (NYSE:GSAT) will announce its fourth quarter and annual 2022 financial and operating results on Wednesday, March 1, 2023 before the market opens. The release will be available in the Investor Relations section of Globalstar's website at www.globalstar.com. The Company will also conduct a conference call on Tuesday, March 7, 2023 at 9:00 a.m. Eastern Time (ET) to discuss these results. Details are as follows: Earnings The earnings call will be available via webcast from the following link. Call:   Webcast Link: https://edge.media-server.com/mmc/p/7weqo4rq   To participate in the earnings call via teleconference or to participate in the li