Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 77M | 38.2% |
| Gross Profit | 67M | 46.1% |
| Cost of Revenue | 11M | 3.1% |
| Operating expense | 11M | 3.1% |
| Net Income | 9.9M | 202.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 918M | 0.9% |
| Total Liabilities | 523M | 3.6% |
| Total Equity | 394M | 2.9% |
| Shares Outstanding | 1.89B | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 32M | 12.6% |
| Cash from investing | -33M | 64.6% |
| Cash from financing | -11M | 4.3% |
EPS
Financial Highlights for Globalstar in Q3 '24
Globalstar reported a revenue of 77M, which is a 38.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 67M, marking a 46.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 11M, a 3.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 11M, showing a 3.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 9.9M, showing a 202.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Globalstar with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
