The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Globalstar missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share grew.
Margins contracted across the board.
Globalstar recorded revenue of $17.4 million. The one analyst polled by S&P Capital IQ wanted to see a top line of $19.0 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $16.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.05. The one earnings estimate compiled by S&P Capital IQ was for -$0.06 per share on the same basis. GAAP EPS were -$0.11 for Q4 versus -$0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 4.6%, 2,010 basis points worse than the prior-year quarter. Operating margin was -127.5%, 3,820 basis points worse than the prior-year quarter. Net margin was -193.9%, 8,450 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $19.3 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $95.6 million. The average EPS estimate is -$0.29.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 65 members out of 80 rating the stock outperform, and 15 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Globalstar a green thumbs-up, and three give it a red thumbs-down.
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