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Globalstar GSAT Subscriber driven — Revenue, remaining performance obligation

Discontinued — last reported Q4 '23

Other product segments

Wholesale capacity services
$38.79M+7.4%

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WDAYSubscription services — Revenue is expected to be recognized from remaining performance obligations for subscription contracts
$27.3B+11.0%
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BEService — Unsatisfied performance obligations
$51.5M

Other financials

Income statement

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Revenue$70.1M+16.7%
Operating income$8.2M+196%
Net income-$17.4M-0.5%
EPS (diluted)-$0.160.0%

Balance sheet

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Cash & equivalents$358.4M+48.5%
Total debt$537.8M+0.2%
Total equity$342.8M-0.4%
Total assets$2.4B+37.5%

Cash flow

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Operating cash flow$35.2M-32.1%
CapEx$1.5M+30.6%
Free cash flow$33.7M-33.5%

Valuation

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Market cap$10.36B+224%
Enterprise value$10.54B+197%
P/S36.6×+24.0×

Profitability

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Gross margin91.4%
Operating margin8.6%+7.3pp
Net margin-3.1%-1.4pp
FCF margin211.7%+32.4pp

Returns & leverage

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Return on equity-2.5%-1.2pp
Debt / equity1.6×0.0×
Current ratio1.6×-0.7×

Where this comes from

Reported directly by Globalstar in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: Globalstar’s 10-K, filed February 29, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globalstar's subscriber driven — revenue, remaining performance obligation?
Globalstar (GSAT) reported subscriber driven — revenue, remaining performance obligation of $22.8M in Q4 2023.
How has Globalstar's subscriber driven — revenue, remaining performance obligation changed year-over-year?
Globalstar's subscriber driven — revenue, remaining performance obligation increased by 3.6% year-over-year, from $22M to $22.8M.
What does subscriber driven — revenue, remaining performance obligation mean?
The total value of all future services promised to customers under existing contracts that have not yet been performed.
How do you interpret subscriber driven — revenue, remaining performance obligation?
An increase indicates a growing backlog of contracted business, signaling future revenue stability and potential growth.
How does subscriber driven — revenue, remaining performance obligation compare across companies?
Comparable to 'Backlog' or 'Remaining Performance Obligations (RPO)' reported by companies with long-term service contracts.