GSAT Q2 2024 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q2 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$60M+9.6% YoY

Gross Profit

$40M66.6% margin

Operating Income

-$1M-2.4% margin

Net Income

-$10M-16.0% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

$33M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$926M

Total Liabilities

$543M

Stockholders' Equity

$383M

Cash & Equivalents

$64M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$55M	+9.6%
Gross Profit	$40M	$37M	+8.2%
Operating Income	-$1M	$3M	-154.3%
Net Income	-$10M	$9,000	-107688.9%

Revenue Segments

Service

$58M69%

Services, SPOT

$10M12%

Commercial loT

$7M8%

Services, Duplex

$5M6%

Product

$3M3%

Services, Other

$875,0001%