GSAT Q1 2024 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q1 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$56M-3.7% YoY

Gross Profit

$38M66.5% margin

Operating Income

-$5M-8.3% margin

Net Income

-$13M-23.4% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+7.8%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

-$20M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$917M

Total Liabilities

$540M

Stockholders' Equity

$377M

Cash & Equivalents

$59M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$56M	$59M	-3.7%
Gross Profit	$38M	$43M	-11.6%
Operating Income	-$5M	$7M	-165.5%
Net Income	-$13M	-$3M	-279.2%

Revenue Segments

Service

$53M68%

Services, SPOT

$10M13%

Commercial loT

$6M8%

Services, Duplex

$5M6%

Product

$3M4%

Services, Other

$401,0001%