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Globalstar(GSAT) - 2025 Q2 - Quarterly Results
GlobalstarGlobalstar(US:GSAT)2025-08-08 04:17

Covington, LA, August 7, 2025 -- Globalstar, Inc. (Nasdaq: GSAT) ("Globalstar" or the "Company") today announced its financial results for the second quarter ended June 30, 2025. "Our second quarter results were strong with revenue increasing 11% to 67.1million.Netincomeforthequarterwas67.1 million. Net income for the quarter was 19.2 million, while Adjusted EBITDA* was 35.8millionforthequarter,upfrom35.8 million for the quarter, up from 32.6 million in the second quarter 2024 and reflecting a margin of 53%. Looking to the back half of the year, we are reiterating our p ...