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Globalstar revenues nearly double

Satcom provider’s service revenue saw an 80% YoY leap

Madeline DurrettbyMadeline Durrett
May 5, 2023
in News, Strategy and Markets
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Satellite communications provider Globalstar on Friday reported $58.6 million in first-quarter revenues, up 78.9% from just $32.8 million in Q1 2022. The company’s service revenue stream saw an 80.1% year-over-year increase to $53 million compared with $29.3 million the previous year’s period. WHY IT MATTERS: Q1 2023 represents the beginning of a new chapter for Globalstar […]

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