Q2 2024 Globalstar Inc Earnings Call Transcript

Aug 08, 2024

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Aug 08, 2024 / 01:00PM GMT
Operator

Good day and thank you for standing by. Welcome to the Globalstar second-quarter 2024 earnings conference call. (Operator Instructions) Please be advised that today's conference call is being recorded. I would now like to turn the conference over to Rebecca Clary, CFO. You may begin.

Rebecc S clary - Globalstar Inc - CFO

Thank you, operator, and good morning, 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 forward-looking statements and Risk Factors section of Globalstar's SEC filings, including its annual report on Form 10-K for the financial year ending 2023 and its other SEC filings as well as today's earnings release.

I will first cover our financial performance and outlook. Then Paul will review operational highlights. Globalstar had a strong second quarter, driven by a 10% year-over-year increase in total revenue, reaching a record high of $60.4

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