COVINGTON, La. (AP) — COVINGTON, La. (AP) — Globalstar Inc. (GSAT) on Friday reported a loss of $14.3 million in its fourth quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The satellite communications company posted revenue of $72 million in the period.
For the year, the company reported a loss of $19.3 million, or 15 cents per share. Revenue was reported as $273 million.
Globalstar expects full-year revenue in the range of $280 million to $305 million.
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