GSAT Q1 2021 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q1 2021 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$27M-16.4% YoY

Gross Profit

$15M55.5% margin

Operating Income

-$19M-71.5% margin

Net Income

-$36M-134.9% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-18.8%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$462,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$913M

Total Liabilities

$478M

Stockholders' Equity

$436M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$27M	$32M	-16.4%
Gross Profit	$15M	$21M	-28.2%
Operating Income	-$19M	-$14M	-36.7%
Net Income	-$36M	-$38M	+4.9%

Revenue Segments

Services, SPOT

$11M41%

Services, Duplex

$7M25%

Commercial loT

$4M17%

Product, SPOT

$2M7%

Subscriber Equipment, Commercial loT

$2M6%

Services, Other

$966,0004%

Product, Duplex

$293,0001%

Product, Other

$114,0000%

Geographic Segments

UNITED STATES

$16M71%

CANADA

$4M17%

Europe

$2M7%

Latin America

$781,0003%

Other Countries

$321,0001%