Overview
Telecommunications provider's Q4 service revenue rose 17% yr/yr
Net loss for Q4 improved significantly compared to last year
Adjusted EBITDA for Q4 missed analyst expectations
Outlook
Globalstar projects 2026 revenue between $280 mln and $305 mln
Company expects adjusted EBITDA margin of approximately 50% in 2026
Globalstar aims to scale with next-gen satellite deployment and IoT capabilities
Result Drivers
SERVICE REVENUE INCREASE - Q4 service revenue rose 17% due to higher wholesale capacity services and performance bonuses
IoT CAPABILITIES EXPANSION - Launch of two-way satellite IoT capabilities and RM200M module rollout expanded addressable markets
GOVERNMENT AND DEFENSE COLLABORATIONS - Key collaborations in government and defense sectors supported operational progress
Company press release: ID:nBw6Hwh15a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | $72 mln | ||
Q4 EPS | -$0.11 | ||
Q4 Net Income | -$11.62 mln | ||
Q4 Adjusted EBITDA | Miss | $32.37 mln | $35.29 mln (4 Analysts) |
Q4 EBITDA | $20.32 mln | ||
Q4 Operating Income | -$371,000 | ||
Q4 Pretax Profit | -$9.59 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $66.50, about 14.9% above its February 26 closing price of $57.88
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(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.)
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