Globalstar: Q1 Earnings Snapshot

Published: 2025-05-08 17:42:31 ET GSAT

Published on 05/08/2025 at 17:42

COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Thursday reported a loss of $17.3 million in its first quarter.

The Covington, Louisiana-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring costs, were 10 cents per share.

The satellite communications company posted revenue of $60 million in the period.

Globalstar expects full-year revenue in the range of $260 million to $285 million.

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