Globalstar

Globalstar, Inc. engages in the provision of mobile satellite services. It offers voice and data communications services to the following markets: recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, natural resources, mining, and forestry, construction, utilities, and transportation. The company was founded in November 2003 and is headquartered in Covington, LA.

Earnings data Q1 2021

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Earnings data Q4 2024

Globalstar reports strong revenue growth and strategic partnerships in Q4

Globalstar's Q4 2022 earnings call highlighted strong financial performance and key milestones in spectrum and partnerships.
The company's focus on wholesale business, core MSS business, and terrestrial spectrum assets positions it for growth.
Challenges include detailed disclosure on satellite constellation and navigating regulatory and funding hurdles.
Opportunities lie in the Qualcomm partnership, global expansion, and pursuing terrestrial spectrum leases.

Globalstar reports stellar Q1 performance, eyes growth through innovation

Globalstar's Q1 2023 performance reflects robust growth, improved financial metrics, and strategic initiatives driving market relevance and competitiveness.
While challenges exist in maintaining growth momentum and navigating partnerships, the company's focus on innovation and expansion presents significant opportunities for future success.
Overall, Globalstar's transformative developments and positive outlook signal a promising trajectory for revenue growth, cash generation, and market positioning.

Globalstar reports stellar Q2 results, eyes growth in IoT and satellite technology

Globalstar's Q2 2023 showcased exceptional financial performance with significant revenue and EBITDA growth, bolstering liquidity and outlook for the year.
The company's strengths lie in advancing Band 53 initiatives, satellite constellation construction, positive SPOT business outlook, and robust IoT activation growth.
Challenges include market undervaluation and regulatory discussions, while opportunities arise from potential stock appreciation, international expansion, and technological advancements.
Overall, Globalstar's strong performance, strategic initiatives, and growth prospects position it well for sustained success and shareholder value creation.

Globalstar reports record Q3 growth, eyes satellite technology opportunities

Globalstar's Q3 2023 performance reflects robust financial growth and strategic positioning in the market, driven by innovation and differentiation strategies.
While facing challenges in R&D, spectrum licensing, and technology development, Globalstar is actively pursuing opportunities in satellite connectivity and consumer demand for high data rate connections.
The company's focus on strategic partnerships, technological advancements, and market expansion underscores its commitment to long-term growth and success.

Globalstar reports robust 2023 performance and strategic growth initiatives

Globalstar's strong 2023 performance, strategic partnerships, and focus on satellite and IoT businesses position the company for growth in 2024.
Challenges lie in maintaining growth momentum, navigating competitive landscapes, and effectively managing operational complexities.
Opportunities exist in expanding IoT business, exploring new market segments, and leveraging strategic decisions for future success.
Clear communication and strategic planning will be key in addressing challenges and capitalizing on opportunities for sustained growth.

Globalstar (GSAT) reports strong Q1 earnings, eyes growth opportunities

Globalstar's Q1 2024 performance demonstrated revenue growth and improved margins, underlining operational efficiency and market demand.
While facing challenges such as revenue uncertainties and regulatory hurdles, the company's strengths in guidance, financial stability, and diversified pipelines position it well for future growth.
Opportunities in product development, service expansion, and market confidence signal a positive outlook for Globalstar's continued success in the telecommunications sector.

Globalstar reports robust Q3 results, eyes growth through strategic deals

Globalstar's Q3 performance reflects strong revenue growth and improved profitability, supported by enhanced EBITDA margins.
While facing challenges in execution and leverage management, the company is well-positioned to capitalize on growth opportunities.
Strategic agreements, revenue guidance raise, and technological advancements position Globalstar for continued success and market expansion.

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COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, held an investor day on Thursday, December 12, 2024. The Company's executive leadership team outlined Globalstar's strategic priorities and vision for the future by optimizing value for its core assets and providing updates to its short and long-term financial outlook. Additionally, the Company hosted several custom.

Globalstar Outlines Growth Strategy and Financial Outlook at Investor Day

Globalstar's Band 53 Spectrum offers reliability, extensive coverage and flexibility, ideal for fixed wireless, IoT, autonomous vehicles and enterprise operations.

GSAT & Hawk Networks Team Up to Streamline Access to Band 53 Spectrum

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 Networks. Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar's versatile Band 53 spectrum. Globalstar's collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network.

Hawk Networks and Globalstar Announce Collaboration and Availability of Band 53 Spectrum on Hawk's Platform

GSAT's first 5G call on Band n53 delivers unmatched speeds, setting new standards for secure, high-capacity connectivity in critical applications.

Globalstar Uses XCOM RAN for 5G Data Call 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 band n53™ spectrum, achieving 100 Mbps download and 60 Mbps upload speeds. These increased speeds allow for mission-critical applications such as robotics, autonomous forklifts, augmented reality (AR) applications, and enhanced video abilities to operate seamlessly. The test, conducted using XCOM.

Globalstar Achieves First 5G Data Call with XCOM RAN on Band n53 Spectrum

Parsons Corp

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 partnership also includes the successful demonstration of Parsons' software-defined satellite communications solution using Globalstar's Low Earth Orbit (LEO) satellite constellation. As the demand for reliable global communication services continues to grow in complex and congested areas, the colla.

Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Communications Commission (“FCC” or “the Commission”) has issued a radio station authorization to GUSA Licensee LLC granting it a 15-year renewal of its authority to operate numerous categories of mobile earth terminals with its U.S. and French-licensed NGSO satellites throughout the Unit.

FCC Issues 15-Year Renewal of Globalstar's Blanket Mobile Earth Terminal Authorization

Apple

Globalstar's extended agreement with Apple is projected to double annual revenues and improve profitability margins. I expect the Nasdaq uplisting in Q1 2025, accompanied by a reverse stock split, to attract more institutional investors. I see potential in the IOT segment, which could leverage up to 15% of the new MSS network capacity for IOT applications in a rapidly expanding market.

Globalstar: Apple's Satellite Service Expansion And Nasdaq Uplisting Could Launch This Stock Into Orbit

Iridium Communications

Telesat Corp

The Zacks Satellite and Communication industry participants like Globalstar (GSAT), Iridium (IRDM) and Telesat (TSAT) are well-poised to gain from increasing proliferation and cheaper access to space technology.

3 Stocks to Watch From the Satellite and Communication Industry

DUBLIN--(BUSINESS WIRE)--Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) (collectively “Globalstar” or the “Company”), the next-generation mobile satellite and communications service provider, today announced that value added reseller Spotter has seen sales of its satellite IoT-enabled horse tracking collar more than double in the last 24 months. Mongolia-based Spotter has reached a milestone of over 30,000 Horse Tracker collars dep.

Globalstar Partner Spotter Achieves Milestone of Over 30,000 Satellite IoT Collars Deployed Across Central Asia

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that the Company will host an Analyst & Investor Day on Thursday, December 12, 2024 beginning at 9:00 a.m. ET. During the event, members of Globalstar's senior management team will provide detailed updates on certain elements of the Company's strategic initiatives, growth opportunities and long-t.

Globalstar to Host Analyst & Investor Day on December 12, 2024

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced its intent to transfer its common stock listing to the Nasdaq Global Select Market (the “Nasdaq”) in the first quarter of 2025. In connection with this planned uplisting, the Company also announced that its Board of Directors has authorized a reverse stock split of its common stock, which is also exp.

Globalstar Announces Plans to Transfer Its Stock Listing to Uplist on Nasdaq

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that Mexico's Instituto Federal de Telecomunicaciones (“IFT”) has notified Globalstar's subsidiary in Mexico, Mobile Satellite Services Mexico S. De R.L. DE C.V., that it is the winning bidder in the public Auction #13 (Licitación No. IFT-13) regarding the Complementary Terrestrial Service of the Mobile Satellite Servi.

Globalstar Wins Terrestrial Authority in Mexico

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Dr. Paul Jacobs will present at Deutsche Bank's Global Space Summit on Wednesday, November 20, 2024, at 9:00 a.m. EST in New York, NY. In addition, Rebecca Clary, Chief Financial Officer, Dr. Paul Jacobs and other members of management will be available for 1x1 meetings during the event. To schedule a 1x1 meeting, please conta.

Globalstar Announces Participation at Deutsche Bank's Global Space Summit

Globalstar NYSEAMERICAN: GSAT is a stock that had fallen by the wayside for many investors throughout 2024, until recently. Shares were down 45% through the end of October.

Globalstar: The Next Big Satellite Winner After Deal With Apple?

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Globalstar, Inc. (NYSE:GSAT ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Paul Jacobs - CEO Rebecca Clary - VP and CFO Conference Call Participants Walter Piecyk - LightShed Partners Simon Flannery - Morgan Stanley Logan Lillehaug - Craig-Hallum Griffin Boss - B. Riley Securities Operator Good day and thank you for standing by.

Globalstar, Inc. (GSAT) Q3 2024 Earnings Call Transcript

COVINGTON, La.--(BUSINESS WIRE)--GLOBALSTAR ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS.

Globalstar Announces Third Quarter 2024 Financial Results

Globalstar's share price jumped after the announcement of a significant expansion of its partnership with Apple. Apple is providing Globalstar with capital and the relationship should provide additional high-margin revenue in time. XCOM and Globalstar's terrestrial spectrum should also provide a substantial growth boost in coming years.

Globalstar: Upside Still Not Fully Priced In

The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.

Apple Will Invest $1.5 Billion In Globalstar To Expand Satellite Services

Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.

Apple to invest up to $1.5 bln in Globalstar for satellite coverage expansion

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services. The tech giant has already been spending hundreds of millions for Globlastar services, which enabled the 2022 rollout of iPhone emergency satellite texting.

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

The satellite company will deliver expanded services to Apple over a new mobile services network, the company said Friday.

Globalstar Stock Jumps 58% After Agreement With Apple

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

Globalstar, Inc. Earnings Release and Call Notice

GSAT's Band 53 drives mission-critical applications with CBRS carrier aggregation through a strategic partnership with other tech innovators.

News for Globalstar Stock (GSAT)