Globalstar Q3 revenue up 15% YoY, net loss $204.4M on $174.5M Duplex impairment

Globalstar, Inc.

2022-Q3 EPS reported -$0.14 revenue$107,198,000

Q3 2022 total revenue +15% YoY (+$5.0M) driven by service revenue; equipment sales down on supply chain disruptions.
Adjusted EBITDA Q3 $14.2M, up 35% YoY; nine-month Adj EBITDA $39.1M, up 48%.
Net loss $204.4M includes $174.5M non-cash impairment charge for abandoned second-generation Duplex assets.
FY2023 guidance: revenue $185M-$230M, Adj EBITDA margin ~55%; cash $14.7M as of Sept 30; pursuing new debt financing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Globalstar, Inc. reported financial results for the quarter ended September 30, 2022.

Period: the quarter ended September 30, 2022
Result: reported results

Exact text from the filing

Globalstar, Inc. (the "Company") issued a press release to report third quarter 2022 operating and financial results.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Globalstar, Inc. reported financial results for the nine months ended September 30, 2022.

Period: the nine months ended September 30, 2022
Result: reported results

Exact text from the filing

Globalstar, Inc. (the "Company") issued a press release to report third quarter 2022 operating and financial results.

View on SEC.gov

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Globalstar, Inc. filing history →

Source: SEC EDGAR

accession 0001366868-22-000087

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