GSAT Q2 2021 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q2 2021 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$30M-0.3% YoY

Gross Profit

$18M57.8% margin

Operating Income

-$16M-52.9% margin

Net Income

-$21M-70.8% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+12.4%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$44M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$876M

Total Liabilities

$464M

Stockholders' Equity

$412M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$30M	-0.3%
Gross Profit	$18M	$19M	-6.7%
Operating Income	-$16M	-$15M	-4.1%
Net Income	-$21M	-$25M	+13.3%

Revenue Segments

Services, SPOT

$11M37%

Services, Duplex

$7M24%

Commercial loT

$5M15%

Services, Other

$3M9%

Product, SPOT

$2M7%

Subscriber Equipment, Commercial loT

$2M7%

Product, Duplex

$331,0001%

Product, Other

$11,0000%

Geographic Segments

UNITED STATES

$18M71%

CANADA

$4M17%

Europe

$2M7%

Latin America

$815,0003%

Other Countries

$341,0001%