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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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 to participate in 24th Annual Burkenroad Reports Investment Conference

Globalstar to Participate in 24th Annual Burkenroad Reports Investment Conference

COVINGTON, La.--(BUSINESS WIRE)--Globalstar do Brasil Ltda., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and Cisa Trading, a company with 25 years of experience in trading operations within the oil and gas sector have partnered together to bring asset management solutions to Brazil. Already showing early success, the partnership has delivered improved operations within the supply and management of one of the biggest oil and gas companies in the world. As a requirement fr

Globalstar Brazil Partners with Cisa Trading Bringing Asset Management Solutions for the Oil and Gas Sector in Brazil

The stock is well of its high, but it's still up 349% over the last year.

Why Globalstar Shares Fell 23.7% in March

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced that all remaining warrants issued to its second lien lenders in November 2019 have been exercised. These warrants were exercised for shares of common stock resulting in total proceeds to Globalstar of $47.3 million. This equity issuance satisfies the Company's requirement in its loan agreements to raise a minimum of $45 million of equity by March 30, 2021. As required by the Company's debt agreements, these

Globalstar Announces Completion of Second Lien Warrant Exercise

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Globalstar owns in-orbit satellites and a network of ground stations to provide its customers with reliable communication in areas not served or underserved by conventional landlines and wireless networks. In the first quarter of 2020, it made several important partnership announcements about deals that could drive its revenue up. But can it convert that new revenue into consistent profits?

Globalstar: There's Promise But Weak Fundamentals Still A Concern

The communications company is trying to build an audience for its networks.

Why Globalstar Stock Soared Higher in February

Globalstar, Inc (NYSE: GSAT)  stock rose over 9% in the after-hours trading today. What Happened: The satellite solutions provider declared earnings per share of $0.01 in the fourth quarter of this year beating analyst projected earnings of $0 per share.

Why Globalstar Stock Spiked 9% In After-Hours Today

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces 2020 Financial Results and Business Update

Globalstar Announces 2020 Financial Results and Business Update

The stock price of Globalstar, Inc. (NYSEAMERICAN: GSAT) is trading at over 15% pre-market. This is why it happened.

GSAT Stock Price Increases Over 15% Pre-Market: Why It Happened

COVINGTON, La.--(BUSINESS WIRE)--SPOT, LLC, a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) and a leading provider of satellite messaging and emergency notification technologies, today announced its partnership with Jeep Jamboree USA as an official sponsor. SPOT offers off-road enthusiasts and back-country adventurers' critical connectivity in remote areas. Services include messaging, tracking, mapping, and lifesaving S.O.S. emergency response, giving peace of mind to users

SPOT Announces Partnership with Jeep® Jamboree USA

Globalstar, Inc (NYSE: GSAT) partnered with XCOM Labs to commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in dense settings, including arenas, airports, multi-tenant buildings, and industrial deployments in countries where Globalstar has terrestrial rights. XCOM is a brainchild of Qualcomm Inc (NASDAQ: QCOM) veterans Paul Jacobs, Derek Aberle, and Matt Grob.

Globalstar Teams With XCOM Labs For 5G Deployment In Dense Environments

A new tech alliance sparks hopes for growth, but can it deliver?

Why Globalstar Stock Popped Today, Then Dropped

COVINGTON, La.--(BUSINESS WIRE)--Globalstar Announces Strategic Alliance with XCOM Labs

Globalstar Announces Strategic Alliance With XCOM Labs

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Why Globalstar, Castor Maritime, and Zomedica Stocks Surged Today

Globalstar extended its two-day surge to 142% at intraday highs on Wednesday before paring gains. The jump came after the company said Qualcomm will use its Band n53 technology in a new 5G modem called the X65. Globalstar is a satellite communications company that focuses on IoT (Internet of Things) solutions for customers in 120 countries around the world.

Globalstar extends 2-day surge to 142% after Qualcomm says it will use the company's technology in new 5G modem (GSAT)

The stock price of Globalstar, Inc. (NYSEAMERICAN: GSAT) is trading at over 20% pre-market today as of 8:15 AM ET. This is why it happened.

GSAT Stock Price Increases Over 20% Pre-Market: Why It Happened

Globalstar Inc (NYSE: GSAT) soared 84% in regular and after-hours trading today. What Happened: The share rallied after the Covington, Louisiana-based satellite solutions company said that Qualcomm Inc (NASDAQ: QCOM) will add the former's Band n53 in its new flagship X65 modem.

Why Globalstar Shares Spiked 84% Today

GSAT stock is moving big today following an announcement that Qualcomm will use its ecosystem in a brand new 5G chip. The post GSAT Stock: Why Globalstar Shares Are Rallying 50% Today appeared first on InvestorPlace.

GSAT Stock: Why Globalstar Shares Are Rallying 50% Today

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced that Qualcomm Inc. has included Globalstar's Band n53 in its new 5G X65 modem. The X65 is Qualcomm's flagship 5G modem and adds global 5G band support for n53. With Qualcomm's support the potential device ecosystem expands significantly to include the most popular smartphones, laptops, tablets, automated equipment and other IoT modules. Kyle Pickens, VP Strategy said, "Qualcom

Globalstar's Band n53 in Qualcomm's X65 Modem

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced a series of senior leadership and organizational changes to drive growth within the Commercial IoT sector. Amongst these changes, Globalstar has appointed Jim Mandala to the role of Vice President of Commercial IoT Sales with global responsibilities. Mandala has been with Globalstar for 15 years, and previously held the Vice President General Manager title overseeing sales in

Globalstar Announces Senior Leadership Changes for Increased Focus in Commercial IoT

The stock price of Globalstar, Inc. (NYSEAMERICAN: GSAT) fell 16.13% as it went from a previous close of $1.24 to $1.04 on Friday January 22. This is why it happened.

GSAT Stock Price Fell 16.13%: Why It Happened

Globalstar, Inc's (NYSE: GSAT) stock has rallied in the recent weeks, rising 266% year-to-date and 297% over the past three months, and valuation looks full, according to Morgan Stanley. The Globalstar Analyst: Simon Flannery downgraded Globalstar from Equal-weight to Underweight with an unchanged 55-cent price target.

Why Morgan Stanley Is Downgrading Globalstar After Strong Rally

One analyst says the satellite company's shares may have come too far, too fast.

News for Globalstar Stock (GSAT)