COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Thursday reported a loss of $52.9 million in its fourth quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 42 cents. Losses, adjusted to extinguish debt and for non-recurring costs, came to 14 cents per share.
The satellite communications company posted revenue of $61.2 million in the period.
For the year, the company reported a loss of $73.8 million, or 59 cents per share. Revenue was reported as $250.3 million.
Globalstar expects full-year revenue in the range of $260 million to $285 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSAT at https://www.zacks.com/ap/GSAT
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
