Globalstar narrows loss, lifts revenues, ARPU in Q4

Friday 23 February 2018 | 09:49 CET | News
Globalstar said revenues in the fourth quarter rose 21 percent from the year before to USD 29.4 million, encouraged by stronger service revenue that was itself pulled up by higher ARPU, but partially offset by a fall in revenue generated from subscriber equipment sales. Service revenue lifted 25 percent to USD 26.6 million while subscriber equipment sales slipped 6 percent to USD 3.0 million. The net result went back to a loss, after moving to the black in Q3. Compared to the year before however, it narrowed to USD 22.6 million, from a loss of 117.2 million. The adjusted EBITDA meanwhile

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
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