GSAT Q1 2020 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q1 2020 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$32M+7.0% YoY

Gross Profit

$21M64.7% margin

Operating Income

-$14M-43.8% margin

Net Income

-$38M-118.7% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$3M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$939M

Total Liabilities

$444M

Stockholders' Equity

$495M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$32M	$30M	+7.0%
Gross Profit	$21M	$17M	+21.9%
Operating Income	-$14M	-$18M	+23.2%
Net Income	-$38M	$26M	-248.3%

Revenue Segments

Services, SPOT

$12M38%

Services, Duplex

$8M24%

Services, Other

$5M15%

Commercial loT

$4M13%

Subscriber Equipment, Commercial loT

$1M4%

Product, SPOT

$1M4%

Product, Duplex

$404,0001%

Services, IGO

$91,0000%

Product, Other

$35,0000%

Geographic Segments

UNITED STATES

$23M78%

CANADA

$4M14%

Europe

$1M5%

Latin America

$710,0002%

Other Countries

$204,0001%