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Globalstar (GSAT)
NYSE MKT:GSAT
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
>-$0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 1.62%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong revenue and EBITDA growth, a healthy financial position, and strategic regulatory and partnership developments. However, concerns about revenue variability and uncertainty regarding new constellation impacts slightly temper the enthusiasm.Company Guidance
During the Globalstar Q3 2024 earnings call, Rebecca Clary, the CFO, provided updated guidance for the company's financial outlook. Globalstar raised the low end of its revenue guidance for the full year 2024 to a range of $245 million to $250 million, citing strong demand and growth in the first nine months of the year. Clary also announced an increase in the guidance for the adjusted EBITDA margin to 54% for the full year. For the third quarter, Globalstar reported a 25% increase in total revenue, reaching a record $72 million, and a 34% increase in adjusted EBITDA, with margins improving to 59%, partly due to an out-of-period item totaling $7.5 million. The company ended the quarter with $52 million in cash and maintained a leverage ratio of 2.9x.Record Revenue Growth
Globalstar achieved a 25% increase in total revenue from Q3 2023, reaching a record $72 million for the quarter. Service revenue increased by 28% driven by wholesale capacity revenue and performance bonuses.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 34% with a margin of 59%, up from 55% in the previous year’s quarter. This increase was partly due to an out-of-period item.
Healthy Financial Position
The company ended the quarter with $52 million cash on hand and a leverage ratio of 2.9x. The new service agreement is expected to more than double current annual revenue run rate.
Regulatory Approval and Expansion Plans
FCC approved the extension of the HIBLEO-4 authorization by 15 years, allowing up to 26 replacement satellites. The strategic partnership with Liquid Intelligent Technologies will expand market reach in Africa, the Middle East, and Gulf regions.
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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 |
|---|---|---|---|
| Nov 07, 2024 | $1.85 | $1.98 | +7.03% |
| Aug 08, 2024 | $1.09 | $1.20 | +10.09% |
| May 08, 2024 | $1.28 | $1.21 | -5.47% |
| Feb 28, 2024 | $1.74 | $1.45 | -16.67% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Globalstar (GSAT) earnings time?
Globalstar (GSAT) earnings time is at Feb 26, 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 2024 (Q4) is >-$0.01.
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