Globalstar Inc ( (GSAT) ) has released its Q2 earnings. Here is a breakdown of the information Globalstar Inc presented to its investors.
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Globalstar Inc., a provider of satellite and terrestrial connectivity services, operates in the telecommunications sector with a focus on low Earth orbit satellite constellations for secure data transmission.
In its second quarter of 2025, Globalstar reported a revenue increase of 11% to $67.1 million, driven by higher wholesale capacity services and Commercial IoT revenue. The company also announced significant strategic developments, including a launch services agreement with SpaceX and FCC approval for its network expansion.
Key financial highlights include a net income of $19.2 million and an adjusted EBITDA of $35.8 million, reflecting a margin of 53%. The company also reported a successful proof of concept with Parsons Corporation and expanded its ground infrastructure to support its C-3 satellite constellation. Globalstar’s collaboration with the U.S. Army further underscores its strategic advancements in defense applications.
Looking ahead, Globalstar remains optimistic about its financial outlook for 2025, maintaining its revenue guidance between $260 million and $285 million with an expected adjusted EBITDA margin of approximately 50%. The company’s ongoing infrastructure expansion and strategic partnerships are poised to enhance its global connectivity offerings.