Globalstar (OTCPK: GSAT) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Globalstar beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share contracted.

Gross margins dropped, operating margins dropped, net margins grew.

Revenue details
 Globalstar booked revenue of $19.3 million. The two analysts polled by S&P Capital IQ expected to see a top line of $18.5 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $16.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.05. The two earnings estimates compiled by S&P Capital IQ forecast -$0.07 per share. GAAP EPS were -$0.05 for Q1 against -$0.07 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 45.9%, 430 basis points worse than the prior-year quarter. Operating margin was -95.1%, 640 basis points worse than the prior-year quarter. Net margin was -129.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $20.7 million. On the bottom line, the average EPS estimate is -$0.07.

Next year's average estimate for revenue is $85.4 million. The average EPS estimate is -$0.27.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 63 members out of 78 rating the stock outperform, and 15 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Globalstar a green thumbs-up, and four give it a red thumbs-down.

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