GSAT Q3 2021 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$7B

Q3 2021 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$33M-0.4% YoY

Gross Profit

$19M57.6% margin

Operating Income

-$15M-45.1% margin

Net Income

-$31M-94.7% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$33M

Stock-Based Comp.

$858,000

Balance Sheet

Total Assets

$884M

Total Liabilities

$499M

Stockholders' Equity

$385M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$33M	-0.4%
Gross Profit	$19M	$20M	-6.7%
Operating Income	-$15M	-$15M	-0.5%
Net Income	-$31M	-$25M	-23.8%

Revenue Segments

Services, SPOT

$12M36%

Services, Duplex

$10M30%

Commercial loT

$4M14%

Product, SPOT

$3M8%

Services, Other

$2M6%

Subscriber Equipment, Commercial loT

$2M6%

Product, Duplex

$265,0001%

Product, Other

$41,0000%

Geographic Segments

UNITED STATES

$20M71%

CANADA

$5M19%

Europe

$2M7%

Latin America

$996,0004%

Other Countries

-$100,000-0%