Brief: Globalstar Q2 Net Income USD 19.208 Million

Globalstar

07/08/2025 21:22

Overview

Globalstar Q2 revenue rises 11% to $67.1 mln, driven by wholesale services

Adjusted EBITDA for Q2 beats estimates, reaching $35.8 mln, per LSEG data

Co reaffirms 2025 financial outlook, expecting revenue of $260-285 mln

Outlook

Globalstar reaffirms 2025 revenue guidance of $260 mln to $285 mln

Company expects 2025 adjusted EBITDA margin to be approximately 50%

Company anticipates increased IoT activations post two-way module sales

Result Drivers

WHOLESALE SERVICES - Revenue increase driven by higher wholesale capacity services, contributing $8.3 mln to service revenue

COMMERCIAL IOT - Growth in Commercial IoT subscribers and device sales boosted revenue, with a 5% increase in service revenue

INFRASTRUCTURE EXPANSION - New agreements and infrastructure developments, including a SpaceX launch agreement, support future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$19.21 mln
Q2 Adjusted EBITDA
Beat
$35.79 mln
$32.60 mln (2 Analysts)
Q2 EBITDA
$41.49 mln
Q2 Operating Expenses
$61 mln
Q2 Operating Income
$6.15 mln
Q2 Pretax Profit
$17.38 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Globalstar Inc is $52.50, about 50.2% above its August 6 closing price of $26.15

Press Release: ID:nBw27Hxdma

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)