Satellite communications provider Globalstar on May 8 reported first-quarter 2024 revenues of $56.5 million, a 7.8% sequential increase but down 3.7% from Q1 2023. WHY IT MATTERS: The majority of Covington, La.-based Globalstar’s (NYSE: GSAT) Q1 earnings stemmed from service revenue. The company recorded $53.5 million in service revenue, up 9.2% from Q2 and up 1% […]