Globalstar (GSAT) held an investor last week and outlined its strategic priorities and vision for the future “by optimizing value for its core assets and providing updates to its short and long-term financial outlook.” The company reiterated its 2024 revenue guidance range of $245M-$250M and adjusted EBITDA margin of 54%. The 2024 consensus revenue estimate is $249.41M. Globalstar also introduced 2025 revenue guidance of $260M-$285M and adjusted EBITDA margin of 50%, “driven by incremental strategic investments in terrestrial network and other long-term growth initiatives.” The 2024 consensus revenue estimate is $278.2M. Longer term, the company expects revenue to more than double to over $495M, with adjusted EBITDA margins in excess of 54% in the first full year of extend Mobile Satellite Services network service.
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