Globalstar reports Q1 EPS (16c) vs (13c) last year

Reports Q1 revenue $60M, two estimates $63.83M. Dr. Paul E. Jacobs, Chief Executive Officer, said, “I am pleased with the progress we made to begin 2025, as we continue to advance our strategy and deepen our presence across key markets. The successful launch of our two-way satellite IoT solution highlights Globalstar’s (GSAT) ability to meet customer needs and penetrate high-growth markets through product development. At the same time, we remain focused on positioning Globalstar for growth, including the addition of proven leaders to our management team who bring exceptional experience in scaling businesses and driving innovation.”