Stock Track | Globalstar (GSAT) Soars 5.16% Following Strong Q3 Results and Reaffirmed Outlook

Stock Track11-08

Globalstar Inc (NASDAQ:GSAT) shares are soaring 5.16% in intraday trading, driven by the company's impressive third-quarter financial results that surpassed analyst expectations. The satellite-connectivity provider demonstrated robust performance, setting the stage for continued growth.

The company reported a record quarterly revenue of $73.8 million, exceeding the consensus estimate of $68.67 million. This outstanding performance was attributed to higher wholesale capacity services and strong subscriber equipment sales. Additionally, Globalstar's earnings per share (EPS) beat analyst projections, reporting a loss of 1 cent compared to the expected 3 cents loss.

Investors were further encouraged by Globalstar's reaffirmation of its full-year 2025 financial outlook. The company maintains its projections for total revenue between $260 million and $285 million, with an anticipated Adjusted EBITDA margin of approximately 50%. CEO Dr. Paul E. Jacobs emphasized the company's "significant progress" and strong market traction for its product portfolio, including advancements in its next-generation C-3 satellite system and a new order for its XCOM RAN technology in warehouse automation.

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