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Mar 31
Globalstar Q1 2025 Earnings Report
Announces First Quarter 2025 Financial Results
Key Takeaways
Globalstar reported a 6% increase in first-quarter 2025 revenue, reaching $60.0 million, primarily driven by wholesale capacity services. The company posted a net loss of $17.3 million and an Adjusted EBITDA of $30.4 million. Globalstar also launched a two-way satellite commercial IoT solution and reiterated its full-year 2025 financial guidance.
Total revenue for Q1 2025 was $60.0 million, a 6% increase from the prior year.
Net loss for the quarter was $17.3 million.
Adjusted EBITDA for Q1 2025 was $30.4 million, up from $29.6 million in Q1 2024.
Launched a two-way satellite commercial IoT solution with mass production expected in Q2 2025.
Globalstar
Globalstar
Globalstar Revenue by Segment
Revenue by Segment
Wholesale Capacity Services Revenue
CapyFin.comCommercial IoT Revenue
CapyFin.comSPOT Revenue
CapyFin.comDuplex Revenue
CapyFin.comGovernment and Other Services Revenue
CapyFin.comSubscriber Equipment Sales Revenue
CapyFin.com Forward Guidance
Globalstar reiterated its full-year 2025 financial guidance, expecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%. The guidance reflects expectations of minimal impact from potential tariffs.
Positive Outlook
- Reiterated previously issued financial guidance for 2025.
- Expected total revenue for 2025 between $260 million and $285 million.
- Expected Adjusted EBITDA margin for 2025 of approximately 50%.
- Potential impacts from tariffs expected to be minimal.
- Actively monitoring and assessing potential tariff impacts.
Challenges Ahead
- Global trade environment remains highly dynamic.
- Potential impact of tariffs on Globalstar being actively monitored.
- Direct exposure to tariffs relatively limited to sales of SPOT and Commercial IoT subscriber devices.
- Need to utilize levers like supply chain diversification, re-shoring, pricing, and materials management to mitigate potential long-term impacts.