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Dec 31, 2024
Globalstar Q4 2024 Earnings Report
Globalstar reported revenue growth and improved adjusted EBITDA in Q4 2024.
Key Takeaways
Globalstar's Q4 2024 revenue increased 17% year-over-year to $61.2 million, driven by strong growth in wholesale capacity services. Adjusted EBITDA rose 21% to $30.4 million, while the net loss widened to $50.2 million, primarily due to a non-cash loss on debt extinguishment and foreign currency fluctuations. The company maintained a strong cash position with $391.2 million in cash and equivalents.
Total revenue grew 17% year-over-year to $61.2 million.
Adjusted EBITDA increased 21% to $30.4 million.
Net loss widened to $50.2 million, impacted by debt extinguishment and currency fluctuations.
Strong cash position with $391.2 million in cash and equivalents.
Revenue by Segment
Forward Guidance
Globalstar expects continued revenue growth in 2025, driven by new service agreements and expanding partnerships.
Positive Outlook
- Total revenue projected to be between $260 million and $285 million.
- Adjusted EBITDA margin expected to be around 50%.
- New service agreements expected to drive additional revenue growth.
- Continued investment in terrestrial network infrastructure.
- Expansion of partnerships with government and enterprise customers.
Challenges Ahead
- Higher investment in infrastructure may impact near-term profitability.
- Foreign currency fluctuations could continue to impact earnings.
- Debt-related expenses may pressure financial results.
- Competitive pressures in satellite communications remain a challenge.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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