GSAT Q3 2023 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q3 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$58M+53.3% YoY

Gross Profit

$40M70.0% margin

Operating Income

$2M3.5% margin

Net Income

-$6M-10.7% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$11M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$911M

Total Liabilities

$527M

Stockholders' Equity

$383M

Cash & Equivalents

$64M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$58M	$38M	+53.3%
Gross Profit	$40M	$14M	+182.1%
Operating Income	$2M	-$187M	+101.1%
Net Income	-$6M	-$204M	+97.0%

Revenue Segments

Service

$54M63%

Services, SPOT

$11M13%

Services, Duplex

$8M9%

Commercial loT

$6M7%

Product

$4M5%

Product, SPOT

$2M2%

Services, Other

$451,0001%

Product, Other

$32,0000%