Globalstar, Inc. Updates Revenue Guidance for Full Year 2023
August 03, 2023 at 01:03 pm
Share
Globalstar, Inc. updated revenue guidance for full year 2023. For the period, the company expects total revenue between $200 million and $230 million, which would represent an increase of approximately 35% to 55% over 2022 total revenue.
Globalstar, Inc. is an international telecom infrastructure provider. The Company provides mobile satellite services, including voice and data communications services, as well as wholesale capacity services through its global satellite network. It offers these services over its network of in-orbit satellites and ground stations (gateways) pursuant to its spectrum licenses (collectively, Globalstar System). Its communications services include two-way voice communication and data transmissions via its GSP-1600 and GSP-1700 phone; one-way or two-way communication and data transmissions using mobile devices, including its SPOT family of products; one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station; satellite network access and related services utilizing its satellite spectrum and network of satellites and gateways, and engineering and other communication services using the Globalstar System.
GLOBALSTAR, INC. 
