Globalstar quarterly revenues up 10%

Tuesday 11 March 2014 | 09:26 CET | News
Globalstar reported fourth-quarter revenue up 10 percent from a year earlier to USD 21.0 million, led by higher Duplex service revenue and equipment sales. Adjusted EBITDA at the satellite services provider rose to USD 3.9 million from USD 2.5 million a year ago. The net loss swelled to USD 234.8 million from a loss of USD 19.0 million, due to non-cash charges on the value of derivatives after the strong increase in the company's share price in the quarter. Globalstar also had an increase in financing costs and depreciation after taking several satellites into service in the past year. In

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: North America
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