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Globalstar sees ‘transformational’ Q3

Satcom provider clocks $107M in revenue, a 19% YoY jump

Madeline DurrettbyMadeline Durrett
November 7, 2022
in Investment and M&A, News
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Satellite communications provider Globalstar (NYSE American: GSAT) today reported $107 million in third-quarter revenues, an increase of 19% year over year. Service revenues jumped 25% YoY to $95.7 million, according to a filing with the Securities and Exchange Commission. WHY IT MATTERS: Revenue from Globalstar’s wholesale satellite business — one of the company’s four strategic pillars […]

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