Globalstar, Inc. (NASDAQ:GSAT) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET
Company Participants
Paul E. Jacobs – CEO & Director
Rebecca S. Clary – VP & CFO
Conference Call Participants
Griffin Taylor Boss – B. Riley Securities, Inc., Research Division
Michael Ridgeway – Robertson Stephens Wealth Management, LLC
Operator
Good day, and thank you for standing by. Welcome to the Globalstar Second Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your first speaker today, Rebecca Clary, CFO. Please go ahead.
Rebecca S. Clary
Thank you, operator, and good afternoon, everyone. Before we begin, please note that today’s call contains forward-looking statements intended to fall within the safe harbor provided under the securities laws. Factors that could cause the results to differ materially are described in the Risk Factors section of Globalstar’s SEC filings, including its annual report on Form 10-K for the financial year ending 2024 and its other SEC filings as well as today’s earnings release.
Also note that management may reference EBITDA, adjusted EBITDA, free cash flow or adjusted free cash flow on this call, which are financial measures not recognized under U.S. GAAP. As required by SEC rules and regulations, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures in the earnings release, which is available on our website.
I’ll begin with a review of our financials before touching briefly on the expected impact of tariffs and our outlook. I’ll then turn it over to Paul to cover key operational updates.
Overall, second quarter financial results were strong with solid growth in revenue, cash flows and profitability. Total revenue increased 11% to $67.1 million for the second quarter compared to the prior year period of $60.4 million. Service revenue
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