Form 8-K Globalstar, Inc. For: Mar 02
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Chardan Capital Keeps Globalstar (GSAT) at 'Buy'; TLPS Ruling Remains Key Item
March 3, 2015 9:21 AM ESTChardan Capital affirms Globalstar (Nasdaq: GSAT) at Buy with a $6 price target following Q4 results report
Analyst James McIlree noted that Globalstar's Q4 revs of $22.1 million and adjusted EBITDA of $3.8 milion compare with the firm's estimates of $24.1 million and $5.6 million, respectively. The
subscriber base was mostly in line, with duplex gross adds less than expected but Simplex adds greater than expected. The biggest delta was duplex ARPU of $32.51 for the quarter versus our $38 estimate
and Q3 levels exceeding $40. We had not appropriately accounted for... More
