Commercial IoT Parts Problems Should Be Clearing, Globalstar Says
Though Globalstar's commercial IoT business was hit by component parts shortages in its most-recent quarter, it has several thousand units on back order and expects to resume production in Q2 to fill them, the company said Thursday, announcing its latest…
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earnings. It said Q1 revenue was $5.8 million, up 22% year over year due to increased engineering services revenue more than offsetting a decline in subscriber equipment sales revenue.