GlobalStar (GSAT) Reports Q4 Loss of $0.01/sh

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Globalstar Announces 2020 Financial Results and Business Update

March 3, 2021 4:15 PM EST

COVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (NYSE American: GSAT) today announced financial and operating results for the fourth quarter and year ended December 31, 2020.

Dave Kagan, Chief Executive Officer of Globalstar, commented, "2020 was a very productive year for Globalstar as we surpassed a series of milestones in both the satellite business and in terrestrial spectrum. Momentum has continued into 2021. In this release we provide an overview of the satellite businesss recent performance and update our strategies going forward. We also revisit the terrestrial spectrum progress that we have made in recent... More