Globalstar, Inc. (GSAT)
| Market Cap | 2.93B |
| Revenue (ttm) | 250.35M |
| Net Income (ttm) | -73.80M |
| Shares Out | 126.44M |
| EPS (ttm) | -0.59 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 423,499 |
| Open | 23.45 |
| Previous Close | 23.42 |
| Day's Range | 22.97 - 23.63 |
| 52-Week Range | 15.00 - 41.10 |
| Beta | 0.98 |
| Analysts | Strong Buy |
| Price Target | 43.33 (+86.77%) |
| Earnings Date | May 7, 2025 |
About GSAT
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. It also provides data transmissions using a mobile or fixed device that transmits the location of the device and other information to a central monitori... [Read more]
Financial Performance
In 2024, Globalstar's revenue was $250.35 million, an increase of 11.86% compared to the previous year's $223.81 million. Losses were -$73.80 million, 108.9% more than in 2023.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for GSAT stock is "Strong Buy." The 12-month stock price forecast is $43.33, which is an increase of 86.77% from the latest price.
News
Globalstar Expands Capabilities with Opening of New Satellite Operations Control Center in Covington, Louisiana
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, announces the grand open...
GCT Semiconductor and Globalstar Partner to Develop IoT Modules for Two-Way Satellite, Cellular and Band 53 Connectivity
SAN JOSE, Calif.--(BUSINESS WIRE)-- #4G--GCT Semiconductor and Globalstar Partner to Develop IoT Modules for Two-Way Satellite, Cellular and Band 53 Connectivity.
Globalstar, Inc. (GSAT) Q4 2024 Earnings Call Transcript
Globalstar, Inc. (NASDAQ:GSAT) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Rebecca Clary - VP & CFO Paul Jacobs - CEO & Director Conference Call Participants Mi...
Globalstar Announces 2024 Financial Results
COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces 2024 Financial Results.
Globalstar Announces Two-Way Satellite IoT Solution
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, today announced the launch of a two-way s...
Globalstar: D2D Concerns Are A Distraction
Globalstar: D2D Concerns Are A Distraction
Globalstar, Inc. Earnings Release and Call Notice
COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR, INC. EARNINGS RELEASE AND CALL NOTICE.
Globalstar Showcasing Industry Leading Products, Speaking Live at Mobile World Congress Barcelona
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, will be showcasing its diverse solution s...
Globalstar Receives 2024 IoT Excellence Award
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar”) a next-generation telecommunications infrastructure and technology provider, announced that its solar-powered asset trac...
Globalstar Rang Nasdaq Opening Bell on February 11, 2025
NEW YORK--(BUSINESS WIRE)--Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, announced today it visited the Nasdaq MarketSite...
Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq
Globalstar, a satellite and communications services provider, debuted on the Nasdaq Tuesday morning after delisting from the New York Stock Exchange. CEO Paul Jacobs joined CNBC's Squawk Box to discus...
Globalstar CEO Paul Jacobs on satellite connectivity, impact of AI and state of NBA
Paul Jacobs, Globalstar CEO and Sacramento Kings minority owner and vice chairman, joins 'Squawk Box' to discuss the move from the NYSE to Nasdaq, state of satellite connectivity on smartphones, impac...
MDA Space expands contract with Globalstar to C$1.1 billion for next-gen satellites
Canadian MDA Space said on Monday that it has expanded its contract with Globalstar to develop the next generation of low Earth orbit satellites, bringing the total contract value to about C$1.1 billi...
MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION
BRAMPTON, ON , Feb. 10, 2025 /PRNewswire/ - MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has signed a definitive contrac...
Globalstar Transfers to Nasdaq Global Select Market
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced th...
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Globalstar Partner Global Telesat Communications Sees Massive 35% YoY Growth in SPOT and Satellite IoT Device Sales in 2024
DUBLIN--(BUSINESS WIRE)--Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications service...
Globalstar: Undervalued And Diversifying Into High Margin High-Growth Opportunities
Globalstar's partnership with Apple cements Globalstar as a leader in the sector. Band n53 is potentially worth $6-$13.8 billion, highlighting Globalstar's significant undervaluation compared to its c...
Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split
COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Intention to Voluntarily Delist from NYSE American and Transfer to Nasdaq Upon Completion of Reverse Stock Split.
Peiker Holding GmbH and Globalstar Announce Strategic Partnership to Bring Satellite-based Emergency Services and Telematics Capabilities to Automotive OEMs
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar h...
Globalstar Outlines Growth Strategy and Financial Outlook at Investor Day
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, held an investor d...
Hawk Networks and Globalstar Announce Collaboration and Availability of Band 53 Spectrum on Hawk's Platform
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today a collaboration agreement with Hawk ...
Globalstar has a different price point we can give to the market, says CEO Paul Jacobs
Paul Jacobs, Globalstar CEO, joins 'Closing Bell Overtime' to talk its partnership with Apple, where it sees growth opportunity, and more.
Globalstar Achieves First 5G Data Call with XCOM RAN on Band n53 Spectrum
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today the first 5G data call on Globalstar...
Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit
CHANTILLY, Va.--(BUSINESS WIRE)--Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The p...