Globalstar, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2023
August 03, 2023 at 08:00 am EDT
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Globalstar, Inc. reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported revenue was USD 55.07 million compared to USD 36.8 million a year ago. Net income was USD 0.009 million compared to net loss of USD 26.76 million a year ago.
Globalstar, Inc. is an international telecom infrastructure provider. The Company provides mobile satellite services, including voice and data communications services, as well as wholesale capacity services through its global satellite network. It offers these services over its network of in-orbit satellites and ground stations (gateways) pursuant to its spectrum licenses (collectively, Globalstar System). Its communications services include two-way voice communication and data transmissions via its GSP-1600 and GSP-1700 phone; one-way or two-way communication and data transmissions using mobile devices, including its SPOT family of products; one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station; satellite network access and related services utilizing its satellite spectrum and network of satellites and gateways, and engineering and other communication services using the Globalstar System.
GLOBALSTAR, INC. 
