GSAT Q4 2024 Earnings — Globalstar, Inc. Revenue & Financial Results | Market Cap Arena

GSATGlobalstar, Inc.

$8B

Q4 2024 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$61M+16.7% YoY

Gross Profit

$39M64.1% margin

Operating Income

-$4M-6.9% margin

Net Income

-$50M-82.1% margin

EPS (Diluted)

$-0.42

QoQ Revenue Growth

-15.4%

Cash Flow

Operating Cash Flow

$341M

Free Cash Flow

$303M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.4B

Stockholders' Equity

$359M

Cash & Equivalents

$391M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$52M	+16.7%
Gross Profit	$39M	$34M	+14.3%
Operating Income	-$4M	-$12M	+64.6%
Net Income	-$50M	-$15M	-233.1%

Revenue Segments

Service

$115M68%

Services, SPOT

$20M12%

Commercial loT

$13M8%

Services, Duplex

$9M6%

Product

$6M4%

Services, Other

$4M3%