NASDAQ$GSAT
Globalstar · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Globalstar reported a record year with a 50% increase in annual revenue, driven by wholesale capacity services and Commercial IoT, and announced new agreements including a government services contract and an XCOM RAN system deployment.
Globalstar announced record annual revenue of $224 million, a year-over-year increase of over 50%. The company's Q4 revenue increased by 27% to $52.4 million compared to Q4 2022, driven by higher service revenue. The company is making progress on new products, services and solutions with significant revenue opportunities across wholesale capacity, legacy, IoT and terrestrial wireless solutions.
- Total revenue increased 27% to $52.4 million during the fourth quarter of 2023 compared to the fourth quarter of 2022 due to higher service revenue.
- Service revenue increased 35% during the fourth quarter of 2023 due primarily to higher wholesale capacity service revenue.
- Adjusted EBITDA increased 37% to $25.1 million for the fourth quarter of 2023 from $18.3 million for the same period in 2022.
- Receiving an order from a major retailer for multiple XCOM RAN systems
Headline financials
Revenue & EPS history
Globalstar · Revenue · Quarterly
$52.4M
Revenue by segment
Globalstar · $53.2M total across 4 segments · Q3 2023
- Wholesale Capacity$27.5M+294.7%51.7%
- SPOT$11.4M-3.4%21.3%
- Duplex$7.98M-11.6%15.0%
- Commercial IoT$6.35M+35.8%11.9%
Forward guidance
Globalstar's financial outlook for 2024 includes total revenue between $225 million and $250 million and an Adjusted EBITDA margin of approximately 50%.
Tailwinds
- Total revenue between $225 million and $250 million
- Adjusted EBITDA margin of approximately 50%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.3%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+4.8%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+24.0%
Q4 2021
Best reaction
-18.0%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | +0.8% | -0.6% | |
| Q4 2025 | +7.5% | +5.9% | +10.9% | |
| Q3 2025 | +4.6% | +33.4% | +41.9% | |
| Q1 2025 | -12.9% | -7.6% | -1.4% | |
| Q4 2024 | +0.1% | +7.1% | -1.3% | |
| Q3 2024 | +6.5% | +2.2% | +18.8% | |
| Q2 2024 | +7.3% | +11.0% | +14.7% | |
| Q1 2024 | -6.2% | -9.3% | -15.5% | |
| Q4 2023 | -10.3% | -20.1% | -15.5% | |
| Q3 2023 | +1.4% | -2.9% | +10.7% | |
| Q2 2023 | +5.4% | +11.6% | +32.1% | |
| Q1 2023 | -0.8% | +8.5% | +25.5% | |
| Q4 2022 | -7.0% | -9.4% | -9.4% | |
| Q3 2022 | -6.5% | -10.6% | -13.8% | |
| Q2 2022 | +2.5% | -3.1% | +26.7% | |
| Q1 2022 | -7.4% | -12.4% | +9.9% | |
| Q4 2021 | +24.0% | +25.0% | +53.1% | |
| Q3 2021 | +1.2% | +5.5% | -20.0% | |
| Q2 2021 | +7.0% | +10.1% | +70.5% | |
| Q1 2021 | -8.3% | -8.3% | -2.5% | |
| Q4 2020 | -16.6% | -18.3% | -17.8% | |
| Q3 2020 | +9.7% | +10.0% | +10.0% | |
| Q2 2020 | -3.5% | +0.0% | -18.4% | |
| Q1 2020 | +4.1% | -3.2% | +12.9% | |
| Q4 2019 | -13.0% | -6.4% | -27.7% | |
| Q3 2019 | -2.2% | -2.5% | +0.0% | |
| Q2 2019 | -3.2% | -7.1% | -11.9% | |
| Q1 2019 | +6.8% | +15.1% | +5.7% | |
| Q4 2018 | -7.1% | -10.0% | -14.0% | |
| Q3 2018 | +9.2% | +2.9% | +11.4% | |
| Q2 2018 | -14.5% | -3.6% | -7.3% | |
| Q1 2018 | +10.2% | +10.0% | -15.0% | |
| Q4 2017 | -0.7% | +3.3% | -23.9% | |
| Q3 2017 | +1.8% | -1.2% | -4.8% | |
| Q2 2017 | +2.6% | +7.9% | +5.8% | |
| Q1 2017 | -1.1% | +3.9% | +14.4% | |
| Q4 2016 | -3.5% | -4.2% | +14.7% | |
| Q3 2016 | -5.8% | +12.5% | -8.0% | |
| Q2 2016 | +1.7% | +1.7% | +26.3% | |
| Q1 2016 | -12.0% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +5.5% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | +5.6% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | +6.1% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2013 | +6.1% | — | — | |
| Q1 2010 | -2.9% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | -12.5% | — | — | |
| Q1 2011 | -6.4% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q1 2012 | +16.3% | — | — | |
| Q2 2011 | -6.3% | — | — | |
| Q4 2009 | -6.3% | — | — | |
| Q4 2011 | -6.3% | — | — | |
| Q3 2010 | -18.0% | — | — | |
| Q3 2011 | -18.0% | — | — | |
| Q4 2010 | +16.7% | — | — | |
| Q2 2010 | +16.7% | — | — |
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