Satellite communications company Globalstar Inc. in Covington reported third-quarter net income of $9 million, or 1 cent per share, compared with $52.4 million, or 4 cents per share, a year ago.

Total revenue was $35.7 million compared with $30.5 million a year ago.

The company also noted last month's promotion of Dave Kagan to chief executive officer. Jay Monroe remains chairman of the board of directors.