Globalstar Q2: 50% Revenue Jump, Tightened FY23 Outlook & More

Globalstar, Inc. GSAT reported second-quarter FY23 sales growth of 49.7% year-on-year to $55.072 million, beating the consensus of $51.59 million. EPS for the quarter was $0.00, compared with the consensus of $(0.01) loss. Revenue jumped on increases in both service revenue and revenue generated…

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