Loading...
•
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.
Globalstar
Globalstar
Globalstar Revenue by Segment
Revenue by Segment
Wholesale Capacity Services Revenue
CapyFin.comCommercial IoT Revenue
CapyFin.comSPOT Revenue
CapyFin.comDuplex Revenue
CapyFin.com 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.
- Continued decline in legacy subscriber revenue streams.