Globalstar revenues increase, net loss widens in Q2

Wednesday 14 August 2013 | 16:23 CET | News
Mobile satellite services provider Globalstar reported second-quarter revenue of USD 19.8 million, down from USD 20.0 million a year earlier. Service revenue increased 9 percent to USD 15.4 millio. Duplex ARPU rose 27 percent to USD 21.29, while average Duplex subscribers decreased 6 percent. Simplex service revenue increased 21 percent after a 29 percent increase in the average subscriber base. Subscriber equipment sales declined 24 percent to USD 4.4 million. The company's net loss was USD 126.3 million, an increase from a loss of USD 27.5 million a year ago due to one-time charges for its

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Categories: Mobile & Wireless / Broadcast & Satellite
Companies: Globalstar
Countries: World
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