Globalstar reports record revenue and positive cash flow, but stock is down 2% post-earnings.

From Nasdaq: 2025-03-18 07:30:00

Globalstar reported record revenue of $250.3 million in 2024, up 12% from the previous year. Despite a net loss of $50.2 million for the quarter, the company generated $185 million in positive cash flow, the highest ever in a single year. Analysts predict a decline in free cash flow for 2025.

Globalstar’s stock is down 2% post-earnings, with a market cap of $2.7 billion. While the company had a strong quarter, analysts caution against investing due to potential cash flow declines. Management declined to provide specific projections on future free cash flow, leaving uncertainty about the stock’s valuation.

The Motley Fool’s Stock Advisor team did not include Globalstar in their list of top 10 stocks to buy now. Investors are advised to consider other options for potential returns. The team’s past recommendations have seen significant growth, with Nvidia yielding $745,726 from a $1,000 investment in 2005. Join Stock Advisor for expert guidance and new stock picks.



Read more at Nasdaq: Apple Partner Globalstar Just Set a New Record, but Did You Even Notice?