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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 0.354+3.4%4:00 PM EDT

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To: Maurice Winn who wrote (29704)3/9/2019 7:07:10 AM
From: Maurice Winn  Read Replies (1) of 29731
 
Arpu isn't fixing the balance sheet or funding dividends but if they didn't have debt they would almost cover costs but wouldn't be putting money aside for another constellation.

Mqurice




Rebecca Clary

Thank you, Dave and good afternoon everyone. Our satellite business again produced meaningful growth from the prior year as we generated higher ARPU in all core areas of our business and continue to expand our total subscriber base. These increases drove 9% revenue growth when compared to the fourth quarter of 2017 and a 15% increase year-over-year. Focusing on quarter-over-quarter financial performance, the increase in total revenue was due almost entirely to higher revenue from subscriber equipment sales as we introduced new products into the market during 2018.
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