GlobalStar (GSAT) Reports In-Line Q1 EPS

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Go back to GlobalStar (GSAT) Reports In-Line Q1 EPS

Globalstar Announces First Quarter 2017 Results

May 4, 2017 7:30 AM EDT

COVINGTON, La., May 04, 2017 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NYSE MKT: GSAT) today announced its financial results for the quarter ended March 31, 2017.

Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, In March 2017, our SPOT business reached a significant milestone, enabling the 5,000th rescue since its launch in 2007. SPOT is currently being used by customers to initiate approximately two rescues per day, proving how essential our technology is to saving lives. Our core operations also produced meaningful financial growth with a 13% increase in total revenue as... More