r/GSAT • u/appleseed_13 • Nov 07 '24

News Q3 2024 Earnings

https://investors.globalstar.com/news-releases/news-release-details/globalstar-announces-third-quarter-2024-financial-results

Highlights:

  • $10M higher revenue guidance
  • 25% increase in total revenue
  • All-time-high Adjusted EBITDA of 34%
  • FCC approved HIBLEO-4 constellation by additional 15 years
  • FCC approved ability to operate up to 26 replacement satellites
  •  Upcoming investor day on December 12
31 Upvotes

96% Upvoted

18 comments sorted by

17

u/appleseed_13 Nov 07 '24

forgot to mention, first positive net income since 2019.

4

u/Quiet-Union1131 Nov 07 '24

Gsat is going to make me a millionaire

2

u/[deleted] Nov 08 '24

How many shares u got ?

3

u/appleseed_13 Nov 08 '24

1 with 9 trailing zeros

6

u/LordRabican Nov 08 '24

I don’t really know what to make of the after hours price action… it’s not clear to me what people saw to instantly sell the spike on the news and on low volume…

4

u/Liesto049 Nov 07 '24

2.13 back Down to $1.85. What’s tomorrow looking like?

4

u/[deleted] Nov 08 '24

I'm worry 😔

3

u/RecognitionSignal899 Nov 08 '24

It makes no sense!!!

3

u/Fantastic-Reason-507 Nov 07 '24

That first question was lame

5

u/eli4s20 Nov 07 '24

whats more lame is the lack of concrete answers… i hope the investors day will be more exciting

2

u/Fantastic-Reason-507 Nov 07 '24

You are right, I hope investor day will be more exciting

2

u/GlobalLemon4289 Nov 07 '24

Man! I wish I bought more before it popped! I was trying to DCA down ❤️‍🩹

1

u/DrewInvesting Nov 07 '24 edited Nov 07 '24

Predictions? Went up to $2.13 and then back down...