Globalstar Q1 revenue $60M (+6%), net loss $17.3M; reiterates FY 2025 guidance

Globalstar, Inc.

2025-Q1 EPS reported -$0.16 revenue$60,032,000

Q1 2025 revenue $60.0M (+6% YoY); net loss $17.3M vs $13.2M loss in Q1 2024.
Adjusted EBITDA $30.4M (51% margin), up from $29.6M in Q1 2024.
FY 2025 guidance reiterated: revenue $260-285M, Adj EBITDA margin ~50%.
Launched two-way satellite IoT commercial solution; mass production expected Q2 2025.
Appointed two VPs: Dr. Tamer Kadous (Terrestrial Spectrum) and Daaman Hejmadi (Wholesale Satellite Capacity).

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