GSAT Q3 2019 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q3 2019 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$39M+8.2% YoY

Gross Profit

$25M64.5% margin

Operating Income

-$12M-31.1% margin

Net Income

$21M54.7% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+23.8%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$2M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$604M

Stockholders' Equity

$416M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$36M	+8.2%
Gross Profit	$25M	$22M	+14.1%
Operating Income	-$12M	-$18M	+33.2%
Net Income	$21M	$9M	+134.1%

Revenue Segments

Services, Duplex

$17M43%

Services, SPOT

$12M32%

Commercial loT

$5M12%

Subscriber Equipment, Commercial loT

$2M6%

Product, SPOT

$2M5%

Services, Other

$416,0001%

Product, Duplex

$349,0001%

Services, IGO

$139,0000%

Product, Other

$51,0000%

Geographic Segments

UNITED STATES

$23M68%

CANADA

$8M23%

Europe

$2M7%

Latin America

$680,0002%

Other Countries

$152,0000%