GSATGlobalstar, Inc.

$7B

Q3 2020 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$33M-15.2% YoY

Gross Profit

$20M61.5% margin

Operating Income

-$15M-44.7% margin

Net Income

-$25M-76.2% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$911M

Total Liabilities

$464M

Stockholders' Equity

$447M

Cash & Equivalents

$19M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$39M	-15.2%
Gross Profit	$20M	$25M	-19.1%
Operating Income	-$15M	-$12M	-21.9%
Net Income	-$25M	$21M	-218.2%

Revenue Segments

Services, SPOT

$11M33%

Services, Duplex

$10M29%

Commercial loT

$4M13%

Product, SPOT

$3M7%

Services, Other

$3M7%

Other Services, Nonrecurring Engineering Services (NRE)

$2M6%

Subscriber Equipment, Commercial loT

$1M4%

Product, Duplex

$510,0001%

Services, IGO

$95,0000%

Product, Other

$4,0000%

Geographic Segments

UNITED STATES

$20M70%

CANADA

$6M19%

Europe

$2M7%

Latin America

$623,0002%

Other Countries

$225,0001%

GSAT Q3 2020 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena