Globalstar revenues dip lower in Q2

Tuesday 11 August 2015 | 10:38 CET | News
Globalstar reported second-quarter revenues of USD 23.0 million, down from USD 24.0 million a year earlier. Increased service revenue, after 12 percent growth in the subscriber base, was offset by a drop in equipment sales and the impact of the stronger dollar, the company said. Adjusted EBITDA fell to USD 3.2 million from USD 5.0 million a year ago, as the drop in sales was compounded by a rise in operating costs. The net result moved to a profit of USD 204.8 million from a loss of USD 433.7 million for the second quarter of 2014, as the company posted a gain rather than a loss on derivative

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