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Globalstar revenues stable in Q4, net loss narrows

Thursday 27 February 2020 | 15:20 CET | News
Satellite services provider Globalstar reported revenue for the fourth quarter essentially flat, at USD 31.8 million, as growth in equipment sales offset a 3 percent fall in service revenue. Adjusted EBITDA increased slightly to USD 9.8 million, and the net loss narrowed to USD 37.7 million from USD 96.5 million a year earlier thanks to reduced losses on dertivatives. 

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
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