Q2 2024 Globalstar Inc Earnings Call Transcript
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.
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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