Globalstar Inc (STU:P8S0)

Q2 2025 Globalstar Inc Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT

Release Date Price: €21.6 (-2.70%)

Transcript 10-Q8-K

Key Points

Positve

Globalstar Inc (GSAT) reported an 11% increase in total revenue for Q2 2025, reaching $67.1 million compared to $60.4 million in the prior year.
Service revenue increased by 10%, driven by wholesale capacity services and network-related cost reimbursements.
The company saw continued growth in commercial IoT with a record number of gross activations over the last 12 months.
Globalstar Inc (GSAT) executed a capacity access agreement with Parsons, moving their partnership into the commercial phase for government and defense applications.
The company has entered into a cooperative research and development agreement with the US Army, expanding its presence in defense and government markets.

Negative

Higher cash costs to support excom RAN negatively impacted adjusted EBITA by approximately $1.9 million and reduced the adjusted EBITA margin by 300 basis points.
The company faces long sales cycles in selling to enterprises, which can delay revenue realization.
There are ongoing challenges related to spectrum sharing and dual licenses, with misinformation affecting perceptions.
Incremental development costs are expected as Globalstar Inc (GSAT) expands its product offerings and customer base.
The process of obtaining international terrestrial licenses is ongoing and requires significant human and financial resources.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GSAT.OQ - Globalstar Inc
Q2 2025 Globalstar Inc Earnings Call
Aug 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Global Star 2nd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Rebecca Cleary, CFO. Please go ahead.

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Unidentified_2 [2]
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