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Globalstar lifts revenues, profit and ARPU in positive Q1

Friday 11 May 2018 | 11:43 CET | News
Globalstar said revenues in the first quarter advanced 17 percent from the year earlier to USD 28.749 million, driven by 18 percent and 23 percent higher ARPU at core satellite businesses Spot and Duplex, respectively. Simplex service revenue went also higher, while equipment sales continued to slide, down 16 percent. The net result went back to a gain, after going in the red in the fourth quarter helped by a one-off non-cash derivative gain related to the company's stock price. The figure rose to USD 87.9 million from a loss of 20.2 million. The adjusted EBITDA lifted 39 percent to USD 7.5

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
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