Globalstar, Inc. (GSAT)
| Market Cap | 2.41B |
| Revenue (ttm) | 192.65M |
| Net Income (ttm) | -219.76M |
| Shares Out | 1.84B |
| EPS (ttm) | -0.11 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,582,526 |
| Open | 1.25 |
| Previous Close | 1.23 |
| Day's Range | 1.23 - 1.32 |
| 52-Week Range | 0.85 - 2.33 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 2.99 (+128.24%) |
| Earnings Date | Nov 2, 2023 |
About GSAT
Globalstar, Inc. provides mobile satellite services worldwide. 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, SPOT Gen4, and SPOT Trace that transmit messages and the location of the dev... [Read more]
Financial Performance
In 2022, Globalstar's revenue was $148.50 million, an increase of 19.48% compared to the previous year's $124.30 million. Losses were -$258.25 million, 129.3% more than in 2021.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for GSAT stock is "Buy." The 12-month stock price forecast is $2.99, which is an increase of 128.24% from the latest price.
News
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...
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.
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.
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...
Globalstar Announces Second Quarter 2023 Results
COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES SECOND QUARTER 2023 RESULTS.
Globalstar, Inc. Earnings Release and Call Notice
COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR, INC. EARNINGS RELEASE AND CALL NOTICE.
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.
Globalstar Announces First Quarter 2023 Results
COVINGTON, La.--(BUSINESS WIRE)--Globalstar announces first quarter 2023 results.
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...
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...
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...
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...
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...
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...
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 ...
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...
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.
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...
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.
Rocket Lab Selected by MDA to Deliver Satellite Operations Control Center for Globalstar Constellation
LONG BEACH, Calif.
Why Globalstar's Stock Is Trading Lower - Globalstar (AMEX:GSAT)
Globalstar, Inc. (NASDAQ: GSAT) shares are trading lower by 11.59% to $1.94 Friday afternoon. The company reported worse-than-expected third-quarter EPS and filed for a mixed-shelf offering of an undi...
Cipher Mining (NASDAQ:CIFR), Globalstar (AMEX:GSAT) – Globalstar And 2 Other Stocks Under $2 Insiders Are Aggressively Buying
The Dow Jones jumped by more than 200 points on Monday. Investors, meanwhile, focused on some notable insider trades.