GSAT Q1 2022 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q1 2022 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$33M+21.7% YoY

Gross Profit

$19M59.2% margin

Operating Income

-$14M-41.8% margin

Net Income

-$20M-62.4% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

-$3M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$850M

Total Liabilities

$501M

Stockholders' Equity

$349M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$27M	+21.7%
Gross Profit	$19M	$15M	+29.8%
Operating Income	-$14M	-$19M	+28.8%
Net Income	-$20M	-$36M	+43.7%

Revenue Segments

Services, SPOT

$11M34%

Services, Other

$7M22%

Services, Duplex

$6M19%

Commercial loT

$5M14%

Subscriber Equipment, Commercial loT

$2M6%

Product, SPOT

$1M5%

Product, Duplex

$130,0000%

Product, Other

$17,0000%

Geographic Segments

UNITED STATES

$22M76%

CANADA

$4M13%

Latin America

$2M6%

Europe

$1M5%

Other Countries

$148,0001%