Description

Globalstar, Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry!

Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA. Total revenue grew by 25% from the previous year, reaching a record $72 million. Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024. These performance bonuses, amounting to $7.5 million, were identified as a variable factor in the company’s financial performance. Furthermore, adjusted EBITDA grew by 34%, achieving a margin of 59%, a slight increase from 55% in the same quarter of 2023.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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