Globalstar Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $273.0M | $250.3M | $223.8M | $148.5M | $124.3M | $128.5M | $131.7M | $130.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $6.1M | $6.5M | $1.4M | $500.0K | $1.0M | $1.9M | $3.2M | $2.7M |
| SG&A Expense | $51.4M | $43.4M | $43.5M | $33.3M | $34.6M | $41.7M | $45.2M | $55.4M |
| Operating Income | $7.4M | $-949.0K | $-165.0K | $-221.0M | $-65.5M | $-59.2M | $-64.0M | $-47.4M |
| Operating Margin | 2.7% | -0.4% | -0.1% | -148.8% | -52.7% | -46.0% | -48.6% | -36.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-2.8M | $-61.0M | $-23.6M | $-256.8M | $-112.9M | $-109.0M | $15.9M | $-6.4M |
| Income Tax Expense | $5.9M | $2.1M | $1.1M | $73.0K | $-299.0K | $662.0K | $545.0K | $125.0K |
| Net Income | $-8.7M | $-63.2M | $-24.7M | $-256.9M | $-112.6M | $-109.6M | $15.3M | $-6.5M |
| Net Margin | -3.2% | -25.2% | -11.0% | -173.0% | -90.6% | -85.3% | 11.6% | -5.0% |
| EPS (Basic) | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 | $-0.07 | $0.01 | $-0.01 |
| EPS (Diluted) | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 | $-0.07 | $-0.07 | $-0.01 |
| Shares Outstanding (Basic) | 126.8M | 125.9M | 122.3M | 120.1M | 1.77B | 1.64B | 1.45B | 1.27B |
| Shares Outstanding (Diluted) | 126.8M | 125.9M | 122.3M | 120.1M | 1.77B | 1.64B | 1.66B | 1.27B |
| Dividends Per Share | — | — | — | — | — | — | — | — |