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Wireless

Globalstar advances revenues 9% to USD 32 mln in Q4

Friday 1 March 2019 | 12:11 CET | News
lifted 9 percent from the year before to USD 31.9 million with service revenue rising to USD 27.2 million from 26.6 million and subscriber equipment sales almost doubling to USD 4.7 million from 2.8 million. The adjusted EBITDA went higher to USD 9.7 million from 8.7 million, while the operating loss narrowed to USD 18.4 million from a loss of 30.1 million. The net loss widened to USD 96.5 million from a loss of 22.6 million on the back of volatility in the company's stock price. 

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Categories: Mobile & Wireless
Companies: Globalstar
Countries: World
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