Overview

* Globalstar ( GSAT ) Q2 revenue rises 11% to $67.1 mln, driven by wholesale services

* Adjusted EBITDA for Q2 beats estimates, reaching $35.8 mln, per LSEG data

* Co reaffirms 2025 financial outlook, expecting revenue of $260-285 mln

Outlook

* Globalstar ( GSAT ) reaffirms 2025 revenue guidance of $260 mln to $285 mln

* Company expects 2025 adjusted EBITDA margin to be approximately 50%

* Company anticipates increased IoT activations post two-way module sales

Result Drivers

* WHOLESALE SERVICES - Revenue increase driven by higher wholesale capacity services, contributing $8.3 mln to service revenue

* COMMERCIAL IOT - Growth in Commercial IoT subscribers and device sales boosted revenue, with a 5% increase in service revenue

* INFRASTRUCTURE EXPANSION - New agreements and infrastructure developments, including a SpaceX launch agreement, support future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $19.21

Income mln

Q2 Beat $35.79 $32.60

Adjusted mln mln (2

EBITDA Analysts

)

Q2 $41.49

EBITDA mln

Q2 $61 mln

Operatin

g

Expenses

Q2 $6.15

Operatin mln

g Income

Q2 $17.38

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the wireless telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Globalstar Inc ( GSAT ) is $52.50, about 50.2% above its August 6 closing price of $26.15

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)