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), a leading telecom infrastructure provider, has signed a strategic collaboration agreement with Qualcomm Technologies, Inc. involving a portfolio of 5G Private Network technologies, including Qualcomm® FSM™ 5G RAN Platforms for small cells, as well as select Qualcomm Snapdragon™ Modem-RF Systems, supporting Rel 15/16, that will utilize Globalstar Band n53 terrestrial spectrum around the world.

Globalstar to Deliver 5G Private Networks and Services Powered by Qualcomm 5G RAN Platforms

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2022. "The events of 2022 altered the trajectory of Globalstar's future in a profound way for our shareholders, lenders, customers, partners, employees and anyone else with a vested interest in Globalstar," commented Dave Kagan, Chief Executive Officer of Globalstar.

Globalstar Announces 2022 Financial Results

News of a big pile of funds coming in lights up the company's shares just before the latest quarterly earnings release.

Why Globalstar Stock Triumphed on Tuesday

COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), today announced that Spain has authorized the company to provide complementary terrestrial services, over its mobile satellite spectrum including LTE and 5G compliant services via Band 53/n53. This marks a major step forward in the convergence of satellite and mobile terrestrial services to connect and protect both lives and property globally.

Spain Grants Globalstar Terrestrial Authorization

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COVINGTON, La.--( BUSINESS WIRE )--Globalstar, Inc. (NYSE American: GSAT) today announced a commercial agreement with Wiagro, an Agtech start-up from Argentina. Globalstar is supplying Wiagro with 2,500 ST100 satellite modem transmitters for their Smart Silobag®, which allows for the remote monitoring of grain conditions stored in silo bags. The partnership is effective immediately with completion of deployment anticipated through the end of 2024.

Globalstar Signs Commercial Agreement with Wiagro to Supply IoT Transmitters for Agtech Applications

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As a part of its Advanced Manufacturing Fund, Apple will invest $450 million in satellite network and ground stations to power Emergency SOS, its service for the iPhone 14 and iPhone 14 Pro lineups that uses satellite to route emergency calls, the company announced today.

Apple pledges $450M toward expanding the satellite infrastructure powering Emergency SOS

Apple isn't taking an equity stake in the company but it is committing to spend money for equipment and the service's operations.

Apple will spend $450 million with Globalstar and others to enable emergency satellite texting

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Rocket Lab Selected by MDA to Deliver Satellite Operations Control Center for Globalstar Constellation

In October, Globalstar analysts were excited about the long-term profit potential of Apple's satellite phone service.

Why Globalstar Shares Gained 36.5% Last Month

Globalstar, Inc. (NASDAQ: GSAT) shares are trading lower by 11.59% to $1.94 Friday afternoon. The company reported worse-than-expected third-quarter EPS and filed for a mixed-shelf offering of an undisclosed size.

Why Globalstar's Stock Is Trading Lower - Globalstar (AMEX:GSAT)

Globalstar (GSAT) delivered earnings and revenue surprises of -1,000% and 18.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Globalstar (GSAT) Reports Q3 Loss, Tops Revenue Estimates

Globalstar Announces Third Quarter 2022 Results

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Globalstar, Inc. Earnings Release Notice

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Globalstar to Host Investor Day on November 16

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News for Globalstar Stock (GSAT)