COVINGTON, La. (AP) – Globalstar Inc. (GSAT) on Thursday reported a loss of $7 million in its second quarter.
On a per-share basis, the Covington, Louisiana-based company said it had a loss of 1 cent.
The satellite communications company posted revenue of $33.7 million in the period.
The company's shares closed at 52 cents. A year ago, they were trading at $1.89.
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