Welcome to our dedicated page for Globalstar news (Ticker: GSAT), a resource for investors and traders seeking the latest updates and insights on Globalstar stock.
Globalstar Inc. (GSAT)) delivers critical mobile satellite communications services worldwide, providing essential connectivity where traditional networks falter. This dedicated news hub offers investors and professionals a centralized source for tracking the company’s latest developments.
Find timely updates on quarterly earnings, satellite technology advancements, and strategic partnerships directly from official press releases and verified sources. Our curated collection spans operational milestones, regulatory filings, and market expansions relevant to industries like maritime, energy, and emergency response.
Bookmark this page for streamlined access to Globalstar’s evolving role in satellite communications. Check regularly for updates on network upgrades, service expansions, and financial performance indicators that shape the company’s trajectory in the connectivity sector.
Globalstar partner Spotter has achieved significant growth in satellite IoT horse tracking technology, with over 30,000 Horse Tracker collars deployed across Mongolia, Kazakhstan, and Kyrgyzstan. The company has seen sales more than double in the last 24 months, with a nearly 160% increase since October 2022. Each collar is equipped with Globalstar's SmartOne C satellite IoT transmitter, enabling reliable monitoring of free-roaming horses in areas beyond cellular coverage. The solution's success is attributed to SmartOne C's compact size, versatility, and cost-effectiveness, along with Globalstar's expanded Eurasian ground station gateway network.
Globalstar (NYSE: GSAT) has announced an upcoming Analyst & Investor Day scheduled for Thursday, December 12, 2024, starting at 9:00 a.m. ET. The event will feature presentations from the company's senior management team, who will provide detailed updates on strategic initiatives, growth opportunities, and long-term financial framework.
The event will include formal presentations and Q&A sessions, with presentation materials being made available on Globalstar's investor relations website. Interested participants can register through the company's dedicated event webpage.
Globalstar (NYSE American: GSAT) has announced plans to transfer its common stock listing to the Nasdaq Global Select Market in the first quarter of 2025. The company's Board of Directors has authorized a reverse stock split to coincide with the uplisting. These strategic moves aim to align trading fundamentals with peers, improve liquidity, and attract greater institutional investor participation. The company will continue trading on NYSE American until the uplisting process is complete. CEO Paul E. Jacobs stated these changes reflect the company's momentum and growth trajectory, expecting to enhance visibility and attract a more diverse shareholder base.
Globalstar (NYSE: GSAT) has been selected as the winning bidder in Mexico's public Auction #13 by the Instituto Federal de Telecomunicaciones (IFT). The auction grants terrestrial authorization for frequencies 2483.5 to 2495 MHz in Mexico through Globalstar's subsidiary, Mobile Satellite Services Mexico. Upon payment completion, Globalstar will receive a 10-year terrestrial authorization from IFT, enabling the expansion of terrestrial applications throughout Mexico.
Globalstar (NYSE American: GSAT) announced its participation in Deutsche Bank's Global Space Summit on November 20, 2024, in New York. Dr. Paul Jacobs will deliver a presentation at 9:00 a.m. EST. CFO Rebecca Clary, Dr. Jacobs, and other management team members will be available for one-on-one meetings during the event. Interested parties can arrange meetings through their Deutsche Bank sales representatives.
Globalstar (NYSE: GSAT) reported strong Q3 2024 results with a 25% increase in total revenue to $72.3 million. The company achieved a net income of $9.9 million, compared to a $6.2 million loss in the previous year. Adjusted EBITDA grew 34% to $42.8 million, reaching a record high. The growth was primarily driven by wholesale capacity revenue, including $7.5 million in performance-based bonuses. The company raised its 2024 revenue guidance to $245-250 million from $235-250 million and increased its Adjusted EBITDA margin guidance to 54% from 53%.
Globalstar (NYSE American: GSAT) has announced it will release its third quarter 2024 financial and operating results on Thursday, November 7, 2024, after market close. The company will host a conference call the same day at 5:00 p.m. Eastern Time to discuss the results. The earnings call will be accessible via webcast and teleconference, with registration required for teleconference participation. An audio replay will be made available in the Investor Relations section of Globalstar's website for those unable to attend the live call.
Globalstar (NYSE American: GSAT) has announced a collaboration with Global Telecom, Alliance, and Hawk Networks to utilize its Band 53 spectrum for mission-critical applications in combination with CBRS in the United States. This partnership aims to provide enhanced connectivity for private wireless networks, especially in areas where CBRS may face limitations.
Key points:
- Band 53 will be used for carrier aggregation with CBRS
- Global Telecom created the first carrier aggregation modules including Band 53
- Alliance will integrate the solution using the Althea platform and Hawk Networks' LTE/5G core
- The offering includes Band 53 spectrum rights authorized by Globalstar
- The solution addresses challenges related to CBRS channel-sharing rules
This collaboration aims to expand CBRS adoption and ensure stability for mission-critical applications in private wireless networks.
Globalstar, Inc. (NYSE American: GSAT) has announced its participation in MWC Las Vegas 2024. Two key executives will be presenting at the event:
1. Tamer Kadous, VP of Terrestrial Networks, will discuss private network early adopters and use cases with Globalstar's XCOM RAN solution at the Private Network Summit on October 8.
2. Kyle Pickens, VP of Strategy, will talk about Globalstar's Band 53 spectrum being used in mission-critical applications in combination with CBRS in the U.S. on October 9.
Globalstar will showcase its suite of Low Earth Orbit (LEO) satellite-enabled solutions, including IoT transportation and asset trackers, personnel safety solutions, and Band 53 spectrum and XCOM RAN for private networks.
Liquid Intelligent Technologies, a Cassava Technologies company, has announced a strategic partnership with Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. The partnership grants Liquid exclusive rights to sell and distribute Globalstar's XCOM RAN private networks 5G access solution in these regions.
This innovative technology enhances the 5G experience, supports AI-driven applications, and is set to revolutionize industries such as mining. The collaboration also includes potential expansion to Globalstar's satellite, Band n53 spectrum, and IoT solutions on a non-exclusive basis. Liquid will provide comprehensive customer support for Globalstar's products and services, including technical support and warranty services.
