GSAT Q2 2022 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q2 2022 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$37M+21.5% YoY

Gross Profit

$23M62.5% margin

Operating Income

-$11M-30.9% margin

Net Income

-$27M-72.7% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$1M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$944M

Total Liabilities

$615M

Stockholders' Equity

$329M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$30M	+21.5%
Gross Profit	$23M	$18M	+31.3%
Operating Income	-$11M	-$16M	+29.1%
Net Income	-$27M	-$21M	-24.7%

Revenue Segments

Services, SPOT

$12M31%

Services, Other

$10M26%

Services, Duplex

$7M19%

Commercial loT

$5M14%

Subscriber Equipment, Commercial loT

$2M5%

Product, SPOT

$2M5%

Product, Duplex

$143,0000%

Product, Other

$27,0000%

Geographic Segments

UNITED STATES

$25M75%

CANADA

$4M12%

Latin America

$2M7%

Europe

$2M5%

Other Countries

$126,0000%