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Globalstar Inc (NYSEAMER: GSAT) |
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Price: $24.3300
$0.93 
3.974%
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| Day's High:
| $26.99
| Week Perf:
| 2.66 %
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| Day's Low: |
$ 23.30 |
30 Day Perf: |
-14.18 % |
| Volume (M): |
1,583 |
52 Wk High: |
$ 41.10 |
| Volume (M$): |
$ 38,512 |
52 Wk Avg: |
$21.26 |
| Open: |
$26.99 |
52 Wk Low: |
$15.00 |
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| Market Capitalization (Millions $) |
46,472 |
| Shares
Outstanding (Millions) |
1,910 |
| Employees |
348 |
| Revenues (TTM) (Millions $) |
242 |
| Net Income (TTM) (Millions $) |
-39 |
| Cash Flow (TTM) (Millions $) |
-12 |
| Capital Exp. (TTM) (Millions $) |
195 |
Globalstar Inc
Globalstar Inc is a leading provider of mobile satellite voice and data services. The company operates a global satellite network that provides voice and data communication services to individuals, businesses, and governments around the world. Globalstar's network consists of a constellation of 24 low Earth orbiting (LEO) satellites, which operate at an altitude of approximately 1,400 kilometers (870 miles) above the earth's surface.
The company provides a wide range of satellite-based communication services, including voice and data services, emergency response services, asset tracking, and monitoring services. Globalstar's satellite network is designed to provide uninterrupted communication services in remote areas and at sea, and is also used in disaster relief efforts, search and rescue operations, and military operations.
The company provides its services through a global network of authorized resellers, as well as directly to end-users. The company's services are used by a wide range of customers, including government agencies, the military, oil and gas companies, maritime and aviation companies, and individuals in remote areas.
Globalstar also offers a range of satellite-based products and solutions, including satellite phones, modems, antennas, tracking devices, and IoT (Internet of Things) devices. The company's products are designed to meet the needs of customers in remote and challenging environments, and are built to withstand extreme temperature, moisture, and shock.
Globalstar was founded in 1991 and is headquartered in Louisiana, US. The company has a global presence, with offices and operations in North America, Europe, and Asia-Pacific. Globalstar is a publicly traded company, with shares listed on the New York Stock Exchange under the ticker symbol "GSAT".
Company Address: 1351 Holiday Square Blvd. Covington 70433 LA
Company Phone Number: 335-1500 Stock Exchange / Ticker: NYSEAMER GSAT
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| Stock Performances by Major Competitors |
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| Globalstar Inc
Lower revenue led to diminishing returns in the first quarter of 2024 for Globalstar Inc. Revenue sunk by -3.69% to $56.48 million, and the deficit per share was at $-0.01 compared to $0.00 per share realized in the reporting season a year prior. Despite this setback, the company experienced growth when compared to the preceding reporting season, with revenue advancing by 7.768% from $52.41 million and from $-0.01 per share.
The first quarter of 2024 saw Globalstar Inc realize a net deficit of $-15.840 million, which was larger than the $-6.095 million recorded a year ago. This financial result has had an impact on the company's share price, which has fallen by -20.86% in the past 90 days.
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| Globalstar Inc
Globalstar Inc, a Communications Services company, experienced a significant decline in its share price during the month of February. This decline, coupled with a decrease in share price over the past 90 days, raises concerns about the company's performance. However, a surge in revenue during the October-December 2023 period indicates potential growth opportunities. By examining these financial results, we can analyze the potential impacts on Globalstar Inc going forward.
1. Revenue Growth but Increased Loss per Share:
Globalstar Inc recorded a 26.88% increase in revenue, reaching $52.41 million during the October-December 2023 period. Despite this positive sign, the company also reported an increased loss per share of $-0.01, compared to a breakeven per share in the previous year's quarter. This financial result suggests the need for improved cost management strategies to enhance profitability.
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| Globalstar Inc
As a senior financial analyst covering the tech sector for The , I am thrilled to report on Globalstar Inc's recent financial results for the fiscal time-frame ending September 30, 2023. The company's strong revenue growth, improved net shortfall, and impressive stock performance exhibit a promising outlook for investors.
Globalstar Inc, a Communications Services company, has outpaced its sector peers with a remarkable 53.306% increase in revenue, reaching $57.68 million compared to $37.63 million in the same period last year. Furthermore, sequentially, the revenue grew by 4.741% from $55.07 million, demonstrating consistent growth and strong market positioning.
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| Globalstar Inc
Introduction
In a seemingly challenging market environment for the Communications Services industries, Globalstar Inc had a remarkable second fiscal quarter in 2023. While other entities grappled with diminishing orders and declining top-line, Globalstar Inc managed to flourish and achieve significant milestones. Let's delve into the company's outstanding performance, highlighting key financial facts and shedding light on its future prospects.
Revenue Surge and Financial Improvement
Globalstar Inc witnessed an impressive revenue surge of 49.652% from $36.80 million to $55.07 million, when compared to the equivalent fiscal period in the previous year. However, there was a slight sequential decline of -6.091%, as revenue decreased from $58.64 million in the prior reporting period. Nonetheless, this performance demonstrates the company's resilience and capability to adapt to market fluctuations.
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| Globalstar Inc
If you're looking to invest in the stock market, Globalstar Inc should definitely be on your radar. Despite recording a cumulative net loss of $-244 million during the 12 months ending in the first quarter of 2023 with a negative return on assets (ROA) of -28.96%, the company has still managed to improve its overall ranking. This is a positive sign of the company's ability to bounce back, and investors should take note.
Although Globalstar Inc did not fare well as compared to other companies in the Services sector, it is still worth considering. The company's ROA ranking has advanced significantly to 1481 from the total ROA ranking in the fourth quarter of 2022 at 4156. Furthermore, during the fiscal span ending March 31, 2023, Globalstar Inc reached balanced books of $0.00 per share compared to $-0.01 a year before and from $0.00 per share from the previous reporting season. This shows that the company is working hard to turn things around.
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| Per Share |
Current |
| Earnings (TTM) |
-0.03 $ |
| Revenues (TTM) |
0.13 $
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| Cash Flow (TTM) |
- |
| Cash |
0.03 $
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| Book Value |
0.21 $
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| Dividend (TTM) |
0.01 $ |
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| Per Share |
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| Earnings (TTM) |
-0.03 $
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| Revenues (TTM) |
0.13 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.03 $
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| Book Value |
0.21 $ |
| Dividend (TTM) |
0.01 $ |
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| Total service revenue |
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 95.3 % |
of total Revenue |
| Duplex |
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8.24 % |
of total Revenue |
| SPOT |
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14.44 % |
of total Revenue |
| Commercial IoT |
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9.2 % |
of total Revenue |
| Wholesale capacity services |
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60.66 % |
of total Revenue |
| Government and other services |
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2.76 % |
of total Revenue |
| Subscriber equipment sales |
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4.7 % |
of total Revenue |
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