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Globalstar (GSAT)
NASDAQ:GSAT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.14%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant revenue growth, strategic uplisting to NASDAQ, and strong adjusted EBITDA performance. However, concerns about increased operating expenses and short-term EBITDA margin compression due to strategic investments were noted. Overall, the positive aspects of strong financial performance and strategic initiatives outweigh the lowlights.Company Guidance
During the Globalstar Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, expecting revenue between $260 million and $285 million, which represents a 9% year-over-year growth at the midpoint. They anticipate an adjusted EBITDA margin of around 50%, reflecting short-term compression due to strategic investments in the XCOM RAN terrestrial solution and expansion of the MSS product portfolio. Additionally, Globalstar reiterated a long-term forecast, projecting that in the first full year of service over the extended MSS network, total revenue could double to $500 million, with robust margins exceeding 54%. This forecast excludes certain growth opportunities, such as large terrestrial spectrum and XCOM RAN deployments, indicating the company's confidence in its strategic direction and potential market expansion.Revenue Growth
Total revenue increased 17% in Q4 2024 to $61.2 million and 12% for the full year, reaching a record $250.3 million.
Service Revenue Increase
Service revenue increased 18% in Q4 2024, driven primarily by wholesale capacity revenue. Full-year service revenue increased 16% year-over-year.
Adjusted EBITDA Growth
Adjusted EBITDA in Q4 2024 increased 21% to $30.4 million. Full-year adjusted EBITDA reached a record $135.3 million, a 16% increase year-over-year.
Significant Cash Position
Ended the year with $391.2 million in cash. Received a total investment of $913 million from a customer in 2024.
Expansion in Commercial IoT
Record annual service revenue from Commercial IoT business in 2024, reflecting growth with existing and new customers.
NASDAQ Uplisting
Successfully completed uplifting to the NASDAQ Global Select Market and a 1 for 15 reverse stock split to enhance stock liquidity.
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GSAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GSAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $21.56 | $21.59 | +0.14% |
| Nov 07, 2024 | $27.75 | $29.70 | +7.03% |
| Aug 08, 2024 | $16.35 | $18.00 | +10.09% |
| May 08, 2024 | $19.20 | $18.15 | -5.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Globalstar (GSAT) report earnings?
Globalstar (GSAT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Globalstar (GSAT) earnings time?
Globalstar (GSAT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSAT EPS forecast?
GSAT EPS forecast for the fiscal quarter 2025 (Q1) is >-0.01.
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