Globalstar Inc. Reports Revenue Growth and Strategic Advances

Globalstar Inc ( (GSAT) ) has released its Q1 earnings. Here is a breakdown of the information Globalstar Inc presented to its investors.

Globalstar Inc., a telecommunications company specializing in satellite and terrestrial connectivity services, operates a Low Earth Orbit satellite constellation to provide secure data transmission for various applications worldwide.

In the first quarter of 2025, Globalstar reported a 6% increase in revenue, reaching $60 million, primarily driven by wholesale capacity services. The company also launched a two-way satellite IoT solution and introduced a new Satellite Operations Control Center at its headquarters.

Key financial metrics for the quarter included a net loss of $17.3 million, influenced by non-cash items, and an Adjusted EBITDA of $30.4 million, reflecting a margin of 51%. The company reiterated its financial guidance for the year, projecting revenue between $260 million and $285 million, with an Adjusted EBITDA margin of approximately 50%. Strategic moves included appointing new leaders to drive growth in key segments and expanding its IoT solutions.

Looking ahead, Globalstar remains focused on growth and innovation, despite a dynamic global trade environment. The company is actively managing potential impacts from tariffs and is committed to leveraging its existing infrastructure and new developments to meet market demands.