Globalstar Issues 2025 Revenue Guidance

MT Newswires Live

2024/12/21

Globalstar (GSAT) issued revenue guidance Friday of between $260 million and $285 million in 2025, with expectations of over $495 million in the longer term.

The company reiterated its 2024 revenue guidance in the range of $245 million and $250 million.

Two analysts polled by FactSet expect $249.4 million and $269.5 million in 2024 and 2025, respectively.

Shares were down 1% in recent after-hours activity.

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