GSAT Q1 2023 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q1 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$59M+78.9% YoY

Gross Profit

$43M72.5% margin

Operating Income

$7M12.3% margin

Net Income

-$3M-5.9% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

+42.0%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$16M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$845M

Total Liabilities

$535M

Stockholders' Equity

$310M

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$59M	$33M	+78.9%
Gross Profit	$43M	$19M	+119.0%
Operating Income	$7M	-$14M	+152.4%
Net Income	-$3M	-$20M	+83.0%

Revenue Segments

Services, SPOT

$11M46%

Services, Duplex

$6M23%

Commercial loT

$5M21%

Product, SPOT

$2M8%

Services, Other

$300,0001%

Product, Duplex

$19,0000%

Geographic Segments

UNITED STATES

$45M85%

CANADA

$4M7%

Latin America

$2M4%

Europe

$2M3%

Other Countries

$184,0000%