Globalstar Reiterates 2025 Outlook: Understated or Playing Safe?

Key Takeaways Globalstar expects 2025 revenues of $260-$285M with adjusted EBITDA margins near 50%.Q2 revenues rose 11% to $67.1M, while adjusted EBITDA increased to $35.8M from $32.6M.Commercial IoT gains, RM200M traction and XCOM RAN expansion support growth opportunities.Globalstar (GSAT) reiterated its 2025 revenue outlook of $260-$285 million and expects adjusted EBITDA margins around 50% on the last earnings call. In the second quarter, revenues were $67.1 million, up 11% year over year, while adjuste ...