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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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 - B. Riley Securities Logan Lillehaug - Craig-Hallum Operator Good day, and thank you for standing by.

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

Globalstar (GSAT) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago.

Globalstar (GSAT) Reports Q2 Loss, Tops Revenue Estimates

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 second quarter, driven primarily by growth in wholesale capacity services and other recent business initiatives. The high-margin nature of this revenue contributed to a 20% increase in Adjusted EBITDA and an increase in cash on hand to $64 million as of June 30, 2024," commented Rebecca Clary, Chi.

Globalstar Announces Second Quarter 2024 Financial Results

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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 Conference Call Participants Simon Flannery - Morgan Stanley Mike Crawford - B. Riley Securities George Sutton - Craig-Hallum Charles Morris - Greenhouse Lyman Delano - Beck Mack & Oliver Operator Good afternoon, ladies and gentlemen.

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

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

Globalstar Announces First Quarter 2024 Financial Results and Operational Updates

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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 achievement reflects Globalstar's unwavering commitment to safety and preparedness, through its award-winning product portfolio with SPOT satellite messengers leading the way. This landmark milestone includes incidents, many of which were life-threatening, where emergency support was rapidly delivered.

Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway

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: B. Riley Securities 24th Annual Institutional Investor Conference, Wednesday, May 22, 2024. TD Cowen's 52nd Annual Technology, Media & Telecom Conference, Wednesday, May 29, 2024. A link to webcast will be available prior t.

Globalstar to Participate in Upcoming Investor Conferences

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

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

Globalstar Announces 2023 Financial Results

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 and coverage in dense 5G wireless applications with significantly more efficient use of spectrum. XCOM RAN supports high capacity and seamless mobility that allows optimizing applications such as industrial automation systems, stadium streaming services, enterprises, campuses, mining, and extended.

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

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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

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News for Globalstar Stock (GSAT)