GSAT Q1 2019 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q1 2019 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$30M+4.6% YoY

Gross Profit

$17M56.8% margin

Operating Income

-$18M-60.9% margin

Net Income

$26M85.7% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$143,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$660M

Stockholders' Equity

$385M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$29M	+4.6%
Gross Profit	$17M	$18M	-2.7%
Operating Income	-$18M	-$13M	-41.5%
Net Income	$26M	$88M	-70.7%

Revenue Segments

Services, SPOT

$13M44%

Services, Duplex

$9M29%

Commercial loT

$4M12%

Subscriber Equipment, Commercial loT

$2M7%

Product, SPOT

$2M5%

Services, Other

$515,0002%

Product, Duplex

$251,0001%

Services, IGO

$166,0001%

Product, Other

$45,0000%

Geographic Segments

UNITED STATES

$19M74%

CANADA

$4M15%

Europe

$2M8%

Latin America

$564,0002%

Other Countries

$370,0001%