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 2024

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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 revenue for 2023 and a 55% adjusted EBITDA margin, which could eventually lead to positive net income. However, Globalstar continues to struggle with net losses due to interest expenses and foreign currency losses, and its valuation is too high.

Globalstar: The Positives And Negatives Weigh Into A Hold Rating

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 Operations & Strategy and Director Kyle Pickens - VP, Strategy and Communications Conference Call Participants Simon Flannery - Morgan Stanley Michael Crawford - B. Riley Securities George Sutton - Craig-Hallum Capital Group Walter Piecyk - LightShed Partners Operator Good day, and thank you for standing by.

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

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

Globalstar Announces Third Quarter 2023 Results

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 executive team will be participating in the following investor conferences: The Deutsche Bank Global Space Summit, Wednesday, November 15, 2023. The Raymond James TMT and Consumer Conference, Monday, December 4, 2023. The Morgan Stanley 6th Annual Space Summit, Tuesday, December 5, 2023. Investors inte.

Globalstar to Participate in Upcoming Investor Conferences

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. Earnings Release and Call Notice.

Globalstar, Inc. Earnings Release and Call Notice

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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 at least 17 new satellites to low Earth orbit to replenish Globalstar's existing constellation.

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

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 strong top-line performance suggest aggressive growth for Globalstar.

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

Shares of mobile satellite communications specialist Globalstar (NYSEMKT: GSAT ) – which focuses on providing communication channels in areas outside traditional cellular network coverage – jumped sharply on Tuesday. Undergirding sentiment was the announcement earlier that former Qualcomm (NASDAQ: QCOM ) CEO and Executive Chairman Paul E.

Why Is Globalstar (GSAT) Stock Up 25% Today?

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.

Apple partner Globalstar taps former Qualcomm exec Jacobs as CEO

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 Qualcomm, has been appointed CEO of Globalstar, effective immediately. Dr. Jacobs has also been appointed to Globalstar's Board of Directors. He succeeds David Kagan, who will retire as Globalstar's CEO. Dr. Jacobs is an accomplished leader and innovator who brings to Globalstar deep wireless indu.

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

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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 & Strategy and Director Rebecca Clary - VP & CFO David Kagan - CEO Kyle Pickens - VP, Strategy and Communications Conference Call Participants Simon Flannery - Morgan Stanley George Sutton - Craig-Hallum Michael Crawford - B. Riley Securities Operator Good morning, and welcome to the Globalstar Second Quarter 2023 Earnings Conference Call.

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

Globalstar (GSAT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago.

Globalstar (GSAT) Reports Break-Even Earnings for Q2

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

Globalstar Announces Second Quarter 2023 Results

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Globalstar has partnered with Apple and Qualcomm, leveraging its satellite communication services and frequency spectrum for emergency messaging and private 5G networks. The company's revenues have surged, and it is monetizing its spectrum assets, with the potential for significant growth in the private 5G network market. Despite some risks and competition, Globalstar's unique Band 53 spectrum and expanding ecosystem make it a reasonable buy at $1.5 per share.

Globalstar: Partnering With Apple And Qualcomm Is Advantageous

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News for Globalstar Stock (GSAT)