GSAT's Q4 Loss Wider Than Expected, Revenues Beat, Stock Declines
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Globalstar's Q4 revenues exceeded expectations and showed year-over-year growth, primarily due to increased service revenues. However, the company's Q4 loss was wider than expected, leading to a decline in its stock price. Globalstar projects 2025 revenues between $260-$285 million.
February 28, 2025 | 4:15 pm
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Globalstar's Q4 revenues exceeded expectations, but a wider-than-expected loss led to a stock decline. The company forecasts 2025 revenues between $260-$285 million.
Despite strong revenue performance, the wider-than-expected loss negatively impacted investor sentiment, causing a decline in GSAT's stock price. The revenue forecast for 2025 provides a positive long-term outlook, but the immediate impact is negative due to the earnings miss.
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