GSAT Q3 2024 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q3 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$72M+25.4% YoY

Gross Profit

$51M70.0% margin

Operating Income

$9M13.0% margin

Net Income

$10M13.7% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

+19.7%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$45M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$918M

Total Liabilities

$523M

Stockholders' Equity

$394M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$58M	+25.4%
Gross Profit	$51M	$40M	+25.4%
Operating Income	$9M	$2M	+367.7%
Net Income	$10M	-$6M	+261.0%

Revenue Segments

Service

$69M72%

Services, SPOT

$10M11%

Commercial loT

$7M7%

Services, Duplex

$6M6%

Product

$3M4%