Globalstar, Inc. (GSAT)

Globalstar Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	250.35	223.81	148.5	124.3	128.49
Revenue Growth (YoY)	11.86%	50.71%	19.48%	-3.26%	-2.45%
Cost of Revenue	82.77	69.47	65.02	51.96	48.68
Gross Profit	167.58	154.34	83.48	72.33	79.81
Selling, General & Admin	43.43	43.46	33.35	34.63	43.84
Operating Expenses	167.97	154.14	137.99	137.6	140.66
Operating Income	-0.39	0.2	-54.5	-65.26	-60.85
Interest Expense	-13.56	-14.61	-30.17	-43.54	-48.43
Currency Exchange Gain (Loss)	-16.61	4.86	-6.59	-6.31	-0.73
Other Non Operating Income (Expenses)	-2.53	-3.28	-1.84	-0.68	3.52
EBT Excluding Unusual Items	-33.1	-12.83	-93.11	-115.78	-106.49
Asset Writedown	-0.56	-0.36	-166.53	-0.24	-0.42
Other Unusual Items	-27.38	-10.4	2.79	3.1	-2.08
Pretax Income	-61.03	-23.6	-256.84	-112.92	-108.98
Income Tax Expense	2.14	1.12	0.07	-0.3	0.66
Net Income	-63.16	-24.72	-256.92	-112.63	-109.64
Preferred Dividends & Other Adjustments	10.63	10.61	1.34	-	-
Net Income to Common	-73.8	-35.32	-258.25	-112.63	-109.64
Shares Outstanding (Basic)	126	122	120	118	109
Shares Outstanding (Diluted)	126	122	120	118	109
Shares Change (YoY)	2.90%	1.90%	2.02%	7.48%	-0.78%
EPS (Basic)	-0.59	-0.29	-2.15	-0.96	-1.00
EPS (Diluted)	-0.59	-0.29	-2.15	-0.96	-1.05
Free Cash Flow	185.39	-100.17	24.49	88.14	9.74
Free Cash Flow Per Share	1.47	-0.82	0.20	0.75	0.09
Gross Margin	66.94%	68.96%	56.22%	58.19%	62.11%
Operating Margin	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Profit Margin	-29.48%	-15.78%	-173.90%	-90.61%	-85.33%
Free Cash Flow Margin	74.05%	-44.76%	16.49%	70.91%	7.58%
EBITDA	88.59	88.39	39.38	30.98	35.97
EBITDA Margin	35.39%	39.49%	26.52%	24.92%	27.99%
D&A For EBITDA	88.99	88.19	93.88	96.24	96.82
EBIT	-0.39	0.2	-54.5	-65.26	-60.85
EBIT Margin	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Revenue as Reported	250.35	223.81	148.5	124.3	128.49
Advertising Expenses	3	2.8	2	2.3	2.5

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q