Dallas, Texas 04/01/2014 (FINANCIALSTRENDS) – Globalstar, Inc. (OTCMKTS:GSAT) has announced its latest set of financial report cards. The reports relate the financial status for the latest quarter as well as the whole-year financial report, ending on December 31, 2013.
These are significant milestones in the financial world, as the reports are indicative of the actual financial health of the company. The earnings against the comparative growth over previous year’s quarters are tallied to indicate growth factors as well as loss-making factors.
For Globalstar, Inc. (OTCMKTS:GSAT) the results have been mixed on several fronts. The reported revenues were a tad higher over previous revenues- $21.0 million his quarter in comparison to just $19.1million for the fourth quarter of last year.
Globalstar, Inc. (OTCMKTS:GSAT) has thus grown by nearly 10% over previous year. The cause of such growth has been two sectors- service revenue as well as subscriber equipment revenue.
The results of fairly good financial reporting have meant that this non-listed stock on NYSE or the NASDAQ did bring home some good investments. Stock prices for this company have soared by over 5.65% post-reportage.
Reportedly the volumes were on lower than average showing 1.29 million shares action, whereas typical trading is generally in the range of 2.22 million shares. EPS is at -0.66, while the outstanding share is poised at 926.77 million.
The stock has had historic trading averages for the past 52 weeks at a high of $2.73 to a low of $0.26. The infra-day trading prices are high of $2.65 and low of $2.50.
Globalstar, Inc. (OTCMKTS:GSAT) in the run-up to these results had declared its revenues of $20.99 million which was much higher than the year on year performance by over 10.1%. The company also had at the beginning of the year reported a new high for the year, clocking $6, which was a growth of nearly 200%.