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.

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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, 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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Strong Small-Cap Insider Buys: Q2 2023

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

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

Globalstar, Inc. (NYSE:GSAT ) Q1 2023 Earnings Call Transcript May 5, 2023 9:00 AM ET Company Participants Jay Monroe - Executive Chairman Rebecca Clary - Vice President and Chief Financial Officer David Kagan - Chief Executive Officer Timothy Taylor - Vice President, Finance, Business Operations and Strategy Kyle Pickens - Vice President of Strategy and Communications Conference Call Participants Mike Crawford - B. Riley Securities Landon Park - Morgan Stanley George Sutton - Craig Hallum Capital Lyman Delano - Beck Mack & Oliver LLC Operator Good day, and thank you for standing by.

Globalstar, Inc. (GSAT) Q1 2023 Earnings Call Transcript

Globalstar (GSAT) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.01 per share a year ago.

Globalstar (GSAT) Tops Q1 Earnings and Revenue Estimates

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

Globalstar Announces First Quarter 2023 Results

Globalstar must prove it has the ability to fulfill its open orders in the first quarter of 2023. Globalstar plans on spending an additional $250 million in CapEx for the full year 2023, which could put enormous pressure on the bottom line.

Globalstar: Still A Long Way To Go

The satellite specialist disclosed happy news in the financing sphere. It is selling $200 million worth of senior notes to an investment firm.

Why Globalstar Stock Leaped 11% Higher Today

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 gain comes a day after it rose 2.3%, to bounce off Monday's 13-month closing low of 99 cents.

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

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 Värde Partners and others providing for the sale of $200 million in aggregate principal amount of 13% Senior Notes due 2029. This transaction is expected to close on or around March 31, 2023. The notes are non-convertible and therefore do not result in equity dilution. Goldman Sachs & Co.

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

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 authorized the provision of Globalstar mobile satellite services throughout Thailand, including the authority to operate its new ground station at Thaicom's Teleport Center in Patumthani province north of Bangkok.

Thailand Authorizes Globalstar Mobile Satellite and Ground Station Operations

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 all the capabilities required to solve speed-to-market needs for deploying and building customized asset tracking and telematics solutions while lowering the cost of ownership.

Globalstar Introduces Realm Cloud Mobile Device Management Platform

Globalstar, Inc. (NYSE:GSAT ) Q4 2022 Earnings Conference Call March 7, 2022 9:00 AM ET Company Participants Jay Monroe - Executive Chairman Rebecca Clary - Vice President and Chief Financial Officer David Kagan - Chief Executive Officer Timothy Taylor - Vice President, Finance, Business Operations and Strategy Kyle Pickens - Vice President of Strategy and Communications Conference Call Participants Simon Flannery - Morgan Stanley George Sutton - Craig-Hallum Capital Mike Crawford - B. Riley Securities Jason Bernstein - Cantor Fitzgerald Operator Good day, and thank you for standing by.

Globalstar, Inc. (GSAT) Q4 2022 Earnings Call Transcript

News for Globalstar Stock (GSAT)