Globalstar, Inc. (GSAT)

NYSEAMERICAN: GSAT · IEX Real-Time Price · USD
1.195
-0.005 (-0.42%)
Jul 19, 2024, 10:15 AM EDT - Market open
-0.42%
Market Cap 2.28B
Revenue (ttm) 221.64M
Net Income (ttm) -45.07M
Shares Out 1.90B
EPS (ttm) -0.02
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 606,475
Open 1.200
Previous Close 1.200
Day's Range 1.190 - 1.210
52-Week Range 1.010 - 2.130
Beta 0.90
Analysts n/a
Price Target n/a
Earnings Date Aug 1, 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 384
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 Announces First Quarter 2024 Financial Results and Operational Updates

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

2 months ago - Business Wire

Globalstar, Inc. Earnings Release and Call Notice

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR, INC. EARNINGS RELEASE AND CALL NOTICE.

2 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...

3 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...

3 months ago - Business Wire

Globalstar Announces 2023 Financial Results

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

5 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 ...

5 months ago - Business Wire

Globalstar Announces Third Quarter 2023 Results

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

9 months ago - Business Wire

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...

11 months ago - TechCrunch

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.

11 months 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.

11 months 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...

11 months ago - Business Wire

Globalstar Announces Second Quarter 2023 Results

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

1 year ago - Business Wire

Globalstar Announces Engagement With Jason Bernstein to Provide Strategic Advice on Investor Relations and Outreach

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Engagement with Jason Bernstein to Provide Strategic Advice on Investor Relations and Outreach.

1 year ago - Business Wire

Globalstar Announces First Quarter 2023 Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar announces first quarter 2023 results.

1 year ago - Business Wire

Globalstar stock extends bounce after $200 million financing deal doesn't include equity

Shares of Globalstar Inc. GSAT charged 6.9% higher in morning trading Wednesday, after the telecommunications connectivity company announced a financing deal that didn't include equity. The stock's ga...

1 year ago - Market Watch

Globalstar Announces $200 Million Non-Convertible Financing to Satisfy Remaining Capital Needs

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, today announced that it has entered into a purchase agreement with an affiliate of V...

1 year ago - Business Wire

Thailand Authorizes Globalstar Mobile Satellite and Ground Station Operations

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), today announced that the Kingdom of Thailand's Office of The National Broadcasting and Telecommunications Commission (NBTC) has...

1 year ago - Business Wire

Globalstar Introduces Realm Cloud Mobile Device Management Platform

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today unveiled Realm Cloud, an agile mobile device and data management (MDM) platform designed to enable VARs and customers with...

1 year ago - Business Wire

Globalstar to Deliver 5G Private Networks and Services Powered by Qualcomm 5G RAN Platforms

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, has signed a strategic collaboration agreement with Qualcomm Technologies, Inc. invo...

1 year ago - Business Wire

Globalstar Announces 2022 Financial Results

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022. "The events of 2022...

1 year ago - Business Wire

Spain Grants Globalstar Terrestrial Authorization

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), today announced that Spain has authorized the company to provide complementary terrestrial services, over its mobile satellite ...

1 year ago - Business Wire

Globalstar Signs Commercial Agreement with Wiagro to Supply IoT Transmitters for Agtech Applications

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced a commercial agreement with Wiagro, an Agtech start-up from Argentina. Globalstar is supplying Wiagro with 2,5...

1 year ago - Business Wire

Globalstar is prioritizing customer ‘desires' for two-way connectivity: CEO

This segment originally aired on November 10, 2022. Globalstar CEO David Kagan joins Yahoo Finance Live anchor Rachelle Akuffo to discuss Apple's investment in Globalstar for its Emergency SOS.

1 year ago - Yahoo Finance

Apple pledges $450M toward expanding the satellite infrastructure powering Emergency SOS

As a part of its Advanced Manufacturing Fund, Apple will invest $450 million in satellite network and ground stations to power Emergency SOS, its service for the iPhone 14 and iPhone 14 Pro lineups th...

Other symbols: AAPL
1 year ago - TechCrunch

Apple will spend $450 million with Globalstar and others to enable emergency satellite texting

Apple isn't taking an equity stake in the company but it is committing to spend money for equipment and the service's operations.

Other symbols: AAPL
1 year ago - CNBC