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Dec 31, 2019
Globalstar Q4 2019 Earnings Report
Globalstar's Q4 2019 financial performance remained relatively stable compared to the previous year, with growth in Commercial IoT offsetting declines in other areas such as Duplex and SPOT services. The company refinanced its capital structure and is focused on capitalizing on IoT growth opportunities and terrestrial spectrum development.
Key Takeaways
Globalstar reported Q4 2019 total revenue of $31.835 million, essentially flat compared to Q4 2018. The net loss for the quarter was $37.747 million, a significant decrease from the $96.453 million loss in the same period of 2018, primarily due to changes in non-cash derivative valuation adjustments. Adjusted EBITDA increased slightly to $9.798 million.
Total revenue remained flat, with subscriber equipment sales increase offsetting a service revenue decrease.
Commercial IoT service revenue increased by 22%, driven by subscriber growth and higher ARPU.
Net loss decreased significantly due to non-cash derivative valuation adjustments.
Adjusted EBITDA increased slightly due to higher revenue offset by increased operating expenses.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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