Summary
Globalstar, Inc.'s amended Form 10-Q for the period ended June 30, 2012, primarily serves to include XBRL formatted financial statements. The amendment itself does not introduce new financial or operational information but rather ensures compliance with electronic filing standards. Investors reviewing this filing should understand that the core financial data and disclosures remain as presented in the original August 9, 2012, 10-Q filing. Therefore, for a comprehensive understanding of Globalstar's financial health and operational performance during this quarter, investors must refer to the content of the original 10-Q filing. This amendment is technical in nature and does not alter the previously reported financial position, results of operations, or cash flows for the period. Key business developments, revenue streams, expenses, and any forward-looking statements would have been detailed in the initial filing.
Financial Highlights
44 data points| Revenue | $19.98M |
| Cost of Revenue | $3.70M |
| Gross Profit | $16.28M |
| SG&A Expenses | $7.02M |
| Operating Expenses | $63.38M |
| Operating Income | -$43.40M |
| Net Income | -$27.53M |
| EPS (Basic) | $-1.05 |
| EPS (Diluted) | $-1.05 |
| Shares Outstanding (Basic) | 25.30M |
| Shares Outstanding (Diluted) | 25.30M |
Key Highlights
- 1This filing is an Amendment No. 1 to the Form 10-Q for the period ended June 30, 2012.
- 2The primary purpose of this amendment is to provide XBRL (Extensible Business Reporting Language) formatted financial statements and related notes.
- 3No other changes or updates to the financial statements or disclosures have been made in this amendment.
- 4The amendment speaks as of the original filing date of the Form 10-Q (August 9, 2012) and does not reflect subsequent events.
- 5Globalstar, Inc. is an accelerated filer and not a smaller reporting company or a shell company.
- 6As of July 27, 2012, Globalstar had 301,610,812 shares of voting common stock and 106,767,684 shares of nonvoting common stock outstanding.