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Globalstar | 10-Q: Q3 2024 Earnings Report

Globalstar | 10-Q: Q3 2024 Earnings Report

全球星 | 10-Q:2024財年三季報
美股SEC公告 ·  11/08 06:19

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Globalstar, a provider of Mobile Satellite Services (MSS), reported a significant turnaround in its financial performance for the third quarter ended September 30, 2024. The company posted a net income of $9.934 million, a stark contrast to the net loss of $6.169 million in the same quarter of the previous year. The adjusted net income attributable to common shareholders was $7.261 million for the quarter, compared to a loss of $8.842 million in the prior year. Basic and diluted net income per common share both stood at $0.00, maintaining the same level as the previous year despite the shift from loss to profit. The company's weighted average shares outstanding - diluted increased to 1,910,061 from 1,836,251 year-over-year. In business development, Globalstar announced amendments to the Service Agreements...Show More
Globalstar, a provider of Mobile Satellite Services (MSS), reported a significant turnaround in its financial performance for the third quarter ended September 30, 2024. The company posted a net income of $9.934 million, a stark contrast to the net loss of $6.169 million in the same quarter of the previous year. The adjusted net income attributable to common shareholders was $7.261 million for the quarter, compared to a loss of $8.842 million in the prior year. Basic and diluted net income per common share both stood at $0.00, maintaining the same level as the previous year despite the shift from loss to profit. The company's weighted average shares outstanding - diluted increased to 1,910,061 from 1,836,251 year-over-year. In business development, Globalstar announced amendments to the Service Agreements, which included the establishment of an Extended MSS Network to be owned by Globalstar Licensee, LLC and operated by the company. This network expansion is supported by a $400 million investment from a customer for a 20% equity interest in Globalstar SPE. The customer will also make a substantial infrastructure prepayment of up to $1.1 billion to fund the construction of the Extended MSS Network. Additionally, Globalstar has entered into a launch services agreement with SpaceX for the deployment of new satellites. Looking ahead, Globalstar anticipates the full paydown of the 2024 Prepay Agreement and the redemption of the Customer Class B Units within the new satellites' design life. The company also expects to offset amounts payable to the customer with amounts payable by the customer. Globalstar's future plans include leveraging its competitive advantages in wholesale satellite capacity, communications products and services, and terrestrial spectrum and network solutions to drive growth and innovation.
全球星,一家提供移動衛星服務(MSS)的公司,報告稱在2024年9月30日結束的第三季度其財務表現出現了顯著的好轉。公司公佈的淨利潤爲993.4萬美元,與去年同期的淨損失616.9萬美元形成鮮明對比。該季度歸屬於普通股股東的調整後淨利潤爲726.1萬美元,而去年同期虧損達884.2萬美元。基本和稀釋後的每股普通股淨利潤均爲0.00美元,儘管從虧損到盈利,但仍與前一年保持相同水平。公司稀釋後的加權平均股數由上年的1,836,251股增至1,910,061股。在業務發展方面,全球星宣佈對服務協議進行了修訂,包括成立一個由Globalstar授權持有人LLC擁有並由公司運營的擴展MSS網絡。這一網絡...展開全部
全球星,一家提供移動衛星服務(MSS)的公司,報告稱在2024年9月30日結束的第三季度其財務表現出現了顯著的好轉。公司公佈的淨利潤爲993.4萬美元,與去年同期的淨損失616.9萬美元形成鮮明對比。該季度歸屬於普通股股東的調整後淨利潤爲726.1萬美元,而去年同期虧損達884.2萬美元。基本和稀釋後的每股普通股淨利潤均爲0.00美元,儘管從虧損到盈利,但仍與前一年保持相同水平。公司稀釋後的加權平均股數由上年的1,836,251股增至1,910,061股。在業務發展方面,全球星宣佈對服務協議進行了修訂,包括成立一個由Globalstar授權持有人LLC擁有並由公司運營的擴展MSS網絡。這一網絡擴展得到一位客戶40000萬美元的投資支持,以換取Globalstar SPE20%的股權。該客戶還將進行高達11億美元的基礎設施預付款,用於擴建擴展MSS網絡。此外,Globalstar與spacex(臨時代碼)簽訂了一項發射服務協議,用於部署新衛星。展望未來,全球星預計全額償還2024年預付協議,並在新衛星的設計壽命內贖回客戶b類單位。公司還預計通過客戶應付款項和客戶應付款項相抵來抵消金額。全球星未來的計劃包括利用其在批發衛星容量、通信產品和服務以及陸地頻譜和網絡解決方案方面的競爭優勢,推動增長和創新。

譯文內容由第三人軟體翻譯。


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