Globalstar, Inc. (GSAT)

NYSEAMERICAN: GSAT · Real-Time Price · USD
1.090
-0.030 (-2.68%)
Oct 22, 2024, 4:00 PM EDT - Market closed
-2.68%
Market Cap 2.06B
Revenue (ttm) 226.96M
Net Income (ttm) -54.76M
Shares Out 1.89B
EPS (ttm) -0.03
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,854,086
Open 1.130
Previous Close 1.120
Day's Range 1.080 - 1.130
52-Week Range 1.010 - 2.130
Beta 0.85
Analysts n/a
Price Target n/a
Earnings Date Oct 31, 2024

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 one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, S... [Read more]

IPO Date Nov 2, 2006
Employees 348
Stock Exchange NYSEAMERICAN
Ticker Symbol GSAT
Full Company Profile

Financial Performance

In 2023, Globalstar's revenue was $223.81 million, an increase of 50.71% compared to the previous year's $148.50 million. Losses were -$35.32 million, -86.32% less than in 2022.

Financial Statements

News

Globalstar's Band 53 Spectrum to Be Used for Mission-Critical Applications in Combination With CBRS Through a Collaboration With Global Telecom, the Althea Platform, and Alliance

LAS VEGAS--(BUSINESS WIRE)--MWC Las Vegas. Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, today announced that Band 53 spectrum will...

18 days ago - Business Wire

Globalstar Announces Participation at MWC Las Vegas 2024

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that it will participate in MWC La...

21 days ago - Business Wire

Liquid Intelligent Technologies and Globalstar Partner to Deliver High-speed 5G Access Solutions Across Africa, the Middle East, and the Gulf

LONDON--(BUSINESS WIRE)--Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies, a leading technology group, is pleased to announce a strategic partnership with American connecti...

2 months ago - Business Wire

FCC Reauthorizes Globalstar's HIBLEO-4 Constellation

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Commu...

2 months ago - Business Wire

Globalstar, Inc. (GSAT) Q2 2024 Earnings Call Transcript

Globalstar, Inc. (NYSE:GSAT) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP and CFO Conference Call Participants Mike Crawford - ...

2 months ago - Seeking Alpha

Globalstar Announces Second Quarter 2024 Financial Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its financial results for the second quarter ended June 30, 2024. "Globalstar reported record revenue during the...

2 months ago - Business Wire

Globalstar, Inc. Earnings Release and Call Notice

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) will announce its second quarter 2024 financial and operating results on Thursday, August 8, 2024 before the market opens. The r...

3 months ago - Business Wire

Globalstar, Inc. (GSAT) Q1 2024 Earnings Call Transcript

Globalstar, Inc. (NYSE:GSAT) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Rebecca Clary - VP and CFO Kyle Pickens - VP, Strategy Jay Monroe - Executive Chairman Confer...

5 months ago - Seeking Alpha

Globalstar Announces First Quarter 2024 Financial Results and Operational Updates

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS AND OPERATIONAL UPDATES.

5 months ago - Business Wire

Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), the leader in satellite messaging and emergency notification technologies, today announced a 10,000 rescue milestone. This achi...

6 months ago - Business Wire

Globalstar to Participate in Upcoming Investor Conferences

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company's exec...

6 months ago - Business Wire

Globalstar, Inc. (GSAT) Q4 2023 Earnings Call Transcript

Globalstar, Inc. (GSAT) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

Globalstar Announces 2023 Financial Results

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES 2023 FINANCIAL RESULTS.

8 months ago - Business Wire

Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced the commercial availability of XCOM RAN, a multipoint radio access network (RAN) that delivers greater capacity ...

8 months ago - Business Wire

Globalstar: The Positives And Negatives Weigh Into A Hold Rating

Globalstar reported positive Q3 2023 earnings with a 53% increase in total revenue and a 17% gain in Commercial IoT Services revenue. The company's future guidance estimates a 45-55% increase in reven...

1 year ago - Seeking Alpha

Globalstar, Inc. (GSAT) Q3 2023 Earnings Call Transcript

Globalstar, Inc. (NYSE:GSAT) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP & CFO Timothy Taylor - VP, Finance, Business Operat...

1 year ago - Seeking Alpha

Globalstar Announces Third Quarter 2023 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Third Quarter 2023 Results.

1 year ago - Business Wire

Week Of 08/28 Notable Insider Buys

Energy Transfer LP, Cassava Sciences, and PENN Entertainment Inc. were discussed in last week's insider trades update. CEO of Sirius XM Holdings Inc., Jennifer Witz, purchased 250,000 shares for over ...

1 year ago - Seeking Alpha

Apple-backed Globalstar inks $64M launch contract with SpaceX

Globalstar, a satellite network operator backed by Apple, has purchased launches from SpaceX worth $64 million, according to regulatory filings. The launches, which are scheduled for 2025, will send a...

1 year ago - TechCrunch

Globalstar: Ex-Qualcomm Additions Spur Shares Into Growth Mode (Technical Analysis)

Former Qualcomm CEO and another former Qualcomm heavyweight join Globalstar. GSAT's technical chart shows a bullish breakaway gap, indicating potential upside momentum. Positive operating profit and s...

1 year ago - Seeking Alpha

Globalstar CEO Paul Jacobs talks Apple partnership and competition with SpaceX

Paul Jacobs, Globalstar CEO and former Qualcomm CEO, joins 'Closing Bell Overtime' to talk competing with Elon Musk's SpaceX, the cost of launching satellites and partnering with Apple.

1 year ago - CNBC Television

Apple partner Globalstar taps former Qualcomm exec Jacobs as CEO

Globalstar on Tuesday named former Qualcomm top boss Paul Jacobs as its CEO, sparking a near 20% surge in the shares of the satellite firm behind Apple's emergency communication services.

1 year ago - Reuters

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer; Announces Agreement to License XCOM Labs Technology

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”) today announced that Paul E. Jacobs, Ph.D., founder and CEO of XCOM Labs and former CEO and Executive Chairman of...

1 year ago - Business Wire

Globalstar, Inc. (GSAT) Q2 2023 Earnings Call Transcript

Globalstar, Inc. (NYSE:GSAT) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants James Monroe - Executive Chairman Timothy Taylor - VP, Finance, Business Operations & Stra...

1 year ago - Seeking Alpha

Globalstar Announces Second Quarter 2023 Results

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES SECOND QUARTER 2023 RESULTS.

1 year ago - Business Wire