GSAT Q2 2019 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q2 2019 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$31M-7.5% YoY

Gross Profit

$18M58.4% margin

Operating Income

-$17M-53.4% margin

Net Income

$6M19.8% margin

EPS (Diluted)

$0.00

QoQ Revenue Growth

+3.7%

Cash Flow

Operating Cash Flow

$485,000

Free Cash Flow

-$2M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$644M

Stockholders' Equity

$393M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$31M	$34M	-7.5%
Gross Profit	$18M	$20M	-9.0%
Operating Income	-$17M	$2M	-955.0%
Net Income	$6M	-$7M	+188.3%

Revenue Segments

Services, SPOT

$13M40%

Services, Duplex

$9M29%

Commercial loT

$4M14%

Product, SPOT

$2M7%

Subscriber Equipment, Commercial loT

$2M6%

Services, Other

$518,0002%

Product, Duplex

$306,0001%

Services, IGO

$179,0001%

Product, Other

$27,0000%

Geographic Segments

UNITED STATES

$19M73%

CANADA

$4M16%

Europe

$2M8%

Latin America

$570,0002%

Other Countries

$135,0001%