Globalstar narrows loss despite lower revenues in Q1

Friday 7 May 2021 | 12:51 CET | News
Satellite services provider Globalstar reported a mixed set of figures for the first quarter, with CEO Dave Kagan saying he sees signs of recovery at the Commercial IoT sales channel, with both service and equipment revenue going higher than the pre-pandemic levels of the year before. The company expects to return to pre-coronavirus sales by the second half of the year.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
::: add a comment
This article is part of dossier




Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Globalstar renews GPS tracking deals with Spanish regional fire services

Published 12 Jan 2022 10:23 CET | Spain
Satellite services provider Globalstar said it has extended existing agreements with two Spanish fire authorities to safeguard ...

Globalstar lowers debt amid lower to flat Q3

Published 05 Nov 2021 11:03 CET | World
Satellite services provider Globalstar posted lower to flat results for the third quarter, but noted continued positive momentum ...

GeoDynamics deploys Spot Gen4 satellite GPS messengers

Published 21 Jun 2021 08:30 CET | Europe
Globalstar Europe Satellite Services, a wholly owned subsidiary of Globalstar, announces that IoT track and trace specialist ...

Globalstar converts remaining warrants, raises USD 47 mln in fresh equity

Published 31 Mar 2021 11:39 CET | North America
Globalstar has raised new equity, meeting a deadline of 30 March agreed with its lenders to strengthen its balance sheet. The ...

Scottish council deploys Globalstar SPOT Gen 4 devices

Published 23 Mar 2021 12:40 CET | United Kingdom
Globalstar Europe Satellite Services announced that Perth & Kinross Council in Scotland, a long-term Trackplot customer, has ...

Globalstar lifts revenues, reduces losses in Q4, sees new opportunities with 5G modems

Published 04 Mar 2021 09:26 CET | World
Satellite services provider Globalstar lifted revenues and lowered its losses in the fourth quarter, after a number of quarters ...

Globalstar lifts adjusted EBITDA 3% amid revenue declines in Q3

Published 09 Nov 2020 09:48 CET | World
Satellite services provider Globalstar reported third quarter results still hit by the coronavirus pandemic, though underlying ...

Globalstar revenues fall 2% but adjusted EBITDA higher in mixed Q2

Published 07 Aug 2020 18:52 CET | World
Satellite services provider Globalstar said results were still impacted in the second quarter by the coronavirus pandemic but ...

Globalstar lifts revenues to USD 32.2 mln in Q1

Published 08 May 2020 16:10 CET | World
Satellite services provider Globalstar said results were impacted by the covid-19 pandemic, but that the added 5G status to Band ...