GSAT Q2 2020 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q2 2020 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$30M-2.7% YoY

Gross Profit

$19M61.8% margin

Operating Income

-$15M-50.6% margin

Net Income

-$25M-81.5% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$924M

Total Liabilities

$453M

Stockholders' Equity

$470M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$31M	-2.7%
Gross Profit	$19M	$18M	+3.1%
Operating Income	-$15M	-$17M	+7.7%
Net Income	-$25M	$6M	-499.7%

Revenue Segments

Services, SPOT

$12M38%

Services, Duplex

$9M28%

Commercial loT

$4M14%

Services, Other

$3M8%

Product, SPOT

$2M6%

Subscriber Equipment, Commercial loT

$939,0003%

Product, Duplex

$625,0002%

Services, IGO

$109,0000%

Product, Other

$15,0000%

Geographic Segments

UNITED STATES

$20M74%

CANADA

$4M16%

Europe

$2M7%

Latin America

$669,0002%

Other Countries

$222,0001%