GSAT Q2 2023 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q2 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$55M+49.7% YoY

Gross Profit

$37M67.5% margin

Operating Income

$3M4.8% margin

Net Income

$9,0000.0% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-6.1%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

-$92M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$832M

Total Liabilities

$517M

Stockholders' Equity

$315M

Cash & Equivalents

$65M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$37M	+49.7%
Gross Profit	$37M	$23M	+61.6%
Operating Income	$3M	-$11M	+123.1%
Net Income	$9,000	-$27M	+100.0%

Revenue Segments

Services, SPOT

$11M43%

Services, Duplex

$6M25%

Commercial loT

$5M21%

Product, SPOT

$3M10%

Services, Other

$416,0002%

Product, Duplex

$17,0000%

Geographic Segments

UNITED STATES

$41M84%

CANADA

$4M7%

Latin America

$2M5%

Europe

$2M4%

Other Countries

$182,0000%