Globalstar(GSAT) - 2023 Q4 - Annual Results

GLOBALSTAR ANNOUNCES 2023 FINANCIAL RESULTS Covington, LA, February 28, 2024 -- Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2023. "Globalstar had a record year measured by several key performance indicators, led by total revenue of $224 million, an increase of over 50% from 2022. Revenue growth was driven primarily by increases in wholesale capacity services and Commercial IoT. Given the high margin nature of o ...