February 22, 2018
Globalstar, Inc. (NYSE American: GSAT) today announced financial and operating results for the fourth quarter and year ended December 31, 2017. Jay Monroe, Chairman and Chief Executive Officer of Globalstar, commented, "During 2017, our core MSS business achieved significant financial growth as we successfully executed on our initiatives. We provided critical connectivity during the aftermath of several natural disasters, continued to roll out adjusted rate plans, and announced several partnerships that expanded the business in innovative ways domestically and abroad. Also, our SPOT business reached a significant milestone early in 2017 with the 5,000th rescue since its launch, proving how essential our technology is to saving lives."
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