Globalstar Announces Second Quarter 2020 Results
(WorldNews Argentina)

COVINGTON, La.--(BUSINESS WIRE)--Aug. 6, 2020-- Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended June 30, 2020. Dave Kagan, Chief Executive Officer of Globalstar, commented, `Globalstar recorded improved overall profitability for the second quarter, and I am pleased with our ability to continue to execute our business plan on so many fronts even in the face of the extreme adversity that COVID-19 presents. We continue to see the negative impacts of the pandemic and the oil and gas industry downturn on our revenue, particularly with lower customer demand of our Commercial IoT products. While we recognize that we are experiencing...