GSAT Q3 2022 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q3 2022 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$38M+15.4% YoY

Gross Profit

$14M38.0% margin

Operating Income

-$187M-496.0% margin

Net Income

-$204M-543.1% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$8M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$747M

Total Liabilities

$611M

Stockholders' Equity

$136M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$33M	+15.4%
Gross Profit	$14M	$19M	-23.9%
Operating Income	-$187M	-$15M	-1168.5%
Net Income	-$204M	-$31M	-561.7%

Revenue Segments

Services, SPOT

$12M42%

Services, Duplex

$9M32%

Commercial loT

$5M17%

Product, SPOT

$2M6%

Services, Other

$882,0003%

Product, Other

$39,0000%

Product, Duplex

$15,0000%

Geographic Segments

UNITED STATES

$24M73%

CANADA

$5M16%

Latin America

$2M6%

Europe

$2M5%

Other Countries

$128,0000%