GlobalStar (GSAT) Tops Q1 EPS by 4c
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Globalstar Announces First Quarter 2019 Results
May 2, 2019 7:30 AM EDTCOVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (NYSE American: GSAT) today announced its financial results for the quarter ended March31, 2019.
Dave Kagan, Chief Executive Officer, commented, "We continued to penetrate the commercial IoT market during the first quarter, evidenced by a 16% increase in this subscriber base which has grown to over 390,000 customers at the end of the quarter. While our newest solar-powered IoT device drove the growth, sales of our legacy devices, which more than doubled from the prior year's first quarter, also contributed meaningfully to a strong increase in total revenue. The... More
