GSAT - Globalstar Revenue Spikes 27% Despite Missing Estimates Projects Further Growth As Satellite Services Expand | Benzinga
Globalstar, Inc (NYSE: GSAT) reported fourth-quarter fiscal 2023 sales growth of 27% year-on-year to $52.4 million, missing the consensus of $52.9 million.
Revenue jumped on increases in service revenue.
The mobile satellite voice and data services provider’s EPS for the quarter was $0.01, compared with the consensus of $0.00. The stock price declined after the results.
Adjusted EBITDA was $25.1 million in the ...