Globalstar reports 2022 revenue up 19% to $148.5M; Adj. EBITDA +48% to $57.4M

Globalstar, Inc.

2022-FY EPS reported -$0.14 revenue$148,504,000

2022 total revenue $148.5M (+19% YoY); Q4 revenue up 20% YoY.
Full-year net loss $256.9M includes $174.5M non-cash Duplex impairment; prior year loss $112.6M.
Adjusted EBITDA $57.4M in 2022 (+48% YoY); Q4 Adj. EBITDA $18.3M (+48%).
Spain authorized Globalstar to provide terrestrial services over Band 53 (first European authorization).
Completed preliminary design review with MDA and Rocket Lab for new satellites; launch target 2025.

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 1.0

Globalstar, Inc. reported the year ended December 31, 2022 results: revenue $148.5 million.

Period: the year ended December 31, 2022
Revenue: $148.5 million
Result: reported results

Exact text from the filing

During the twelve months ended December 31, 2022, total revenue increased $24.2 million, or 19%, to $148.5 million from $124.3 million in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Globalstar, Inc. reported the fourth quarter ended December 31, 2022 results: net income $5.3 million.

Period: the fourth quarter ended December 31, 2022
Net income: $5.3 million
Result: reported results

Exact text from the filing

Net loss was $5.3 million for the fourth quarter of 2022 compared to $24.0 million for the fourth quarter of 2021.

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Globalstar, Inc. filing history →

Source: SEC EDGAR

accession 0001366868-23-000020

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