STOCK TITAN
  1. Home
  2. News
  3. GSAT

Globalstar, Inc. - GSAT STOCK NEWS

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) is a leading provider of mobile satellite voice and data services. The company offers these services to both commercial customers and recreational consumers in over 120 countries globally. Globalstar's product lineup includes mobile and fixed satellite telephones, simplex and duplex satellite data modems, and the SPOT family of mobile satellite consumer products, such as the SPOT Satellite GPS Messenger™. The company also offers flexible airtime service packages to meet diverse customer needs.

Globalstar's services are crucial for many land-based and maritime industries, enabling increased productivity in remote areas where cellular and landline services are unavailable. Key customer segments include the oil and gas industry, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity. Additionally, individual recreational consumers benefit from Globalstar's wide range of satellite communication products and services.

The company's satellite data solutions are ideal for various applications, including asset and personal tracking, data monitoring, and SCADA. Globalstar derives its revenue primarily from providing mobile satellite services, which are particularly useful in areas where terrestrial wireline and wireless communication networks are impaired or non-existent. The company offers both two-way voice and data transmission services, as well as one-way data transmission, using mobile or fixed devices.

Globalstar owns significant satellite assets and generates the majority of its revenue within the United States. The company is dedicated to enhancing its service offerings and expanding its market reach through strategic partnerships and continuous technological advancements.

News

Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway

Rhea-AI Summary
Globalstar, Inc. (GSAT) celebrates a milestone of 10,000 rescues with their SPOT satellite messengers, highlighting the importance of satellite messaging for safety. SPOT devices have been instrumental in providing emergency support globally, with one-touch SOS capabilities enabling rapid response in life-threatening situations. The company's commitment to safety and preparedness is evident in their product portfolio, emphasizing the need for connectivity in remote areas. A recent survey by SPOT reveals a growing interest in adventure travel to isolated destinations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
-
News

Globalstar to Participate in Upcoming Investor Conferences

Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) will participate in upcoming investor conferences, including the B. Riley Securities 24th Annual Institutional Investor Conference on May 22, 2024, and TD Cowen’s 52nd Annual Technology, Media & Telecom Conference on May 29, 2024. The Company's executive team will be present, and a webcast link will be provided before the events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
conferences
-
News

Globalstar Announces 2023 Financial Results

Rhea-AI Summary
Globalstar, Inc. (GSAT) reports record annual revenue of $224 million, a 50% increase year-over-year. Recent achievements include major retailer orders for XCOM RAN systems and revenue from Band 53 deployment through Nokia. Operating cash flows have increased, allowing for investments in key initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.67%
Tags
earnings
News

Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer

Rhea-AI Summary
Globalstar, Inc. (GSAT) launches XCOM RAN, a high-capacity radio access network for 5G applications, offering 4x increased capacity gains over traditional systems. The technology eliminates handoff boundaries, scales easily, and is chosen by a major global retailer for deployment. XCOM RAN supports industrial automation, stadium streaming, enterprise, mining, and extended reality applications, meeting high-performance requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
none
-
News

Globalstar, Inc. Earnings Release and Call Notice

Rhea-AI Summary
Globalstar, Inc. (GSAT) will announce its Q4 and annual 2023 financial results on February 28, 2024. A conference call will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
earnings
-
News

Sarcos Welcomes Back Co-Founder and Former CEO Ben Wolff to Lead Company Following Pivot to Industrial AI Software Focus

Rhea-AI Summary
Sarcos Technology and Robotics Corporation announces the appointment of Ben Wolff as president and CEO, with Laura Peterson assuming the role of executive vice chairman. The company is pivoting to focus on commercializing and deploying its robotic AI and machine learning software platform, suspending the development of hardware products. The move aims to leverage the unique AI platform to enhance the productivity of industrial robots worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
Tags
AI
News

Globalstar Announces Third Quarter 2023 Results

Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) reported its Q3 and year-to-date financial results, showing a 53% increase in total revenue and a 125% increase in Adjusted EBITDA compared to the same period last year. The company is increasing its guidance for 2023 total revenue to a range between $215 and $230 million. Globalstar is seeing momentum in its Commercial IoT initiatives and believes new applications and network configurations will drive increased demand for connectivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
earnings
-
News

Globalstar to Participate in Upcoming Investor Conferences

Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) has announced that members of its executive team will be participating in several investor conferences, including The Deutsche Bank Global Space Summit, The Raymond James TMT and Consumer Conference, and The Morgan Stanley 6th Annual Space Summit. Investors interested in attending are advised to contact their representatives at the respective institutions to receive an invitation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
Tags
conferences
-
News

Globalstar, Inc. Earnings Release and Call Notice

Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) will announce its Q3 and year to date 2023 financial and operating results on November 2, 2023. The release will be available on the company's website. A conference call will also be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
Tags
earnings
News

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer; Announces Agreement to License XCOM Labs Technology

Rhea-AI Summary
Paul E. Jacobs, founder of XCOM Labs and former CEO of Qualcomm, becomes CEO of Globalstar, along with other key XCOM technologists joining the company. Globalstar has licensed XCOM's technology to enhance its terrestrial wireless efforts. The licensing agreement includes an upfront licensing fee of approximately 60 million shares of Globalstar common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.58%
Tags
management

FAQ

What is the current stock price of Globalstar (GSAT)?

The current stock price of Globalstar (GSAT) is $1.95 as of December 20, 2024.

What is the market cap of Globalstar (GSAT)?

The market cap of Globalstar (GSAT) is approximately 3.6B.

What services does Globalstar, Inc. provide?

Globalstar offers mobile satellite voice and data services, including two-way and one-way data transmission using mobile or fixed devices.

Who are the primary customers of Globalstar?

Globalstar serves commercial customers and recreational consumers across various industries including oil and gas, government, mining, forestry, commercial fishing, and more.

In how many countries does Globalstar operate?

Globalstar provides its satellite communication services in more than 120 countries worldwide.

What products are included in Globalstar's SPOT family?

The SPOT family of products includes the SPOT Satellite GPS Messenger™ and other mobile satellite consumer products.

Where does Globalstar generate most of its revenue?

Globalstar generates the vast majority of its revenue within the United States.

What industries benefit from Globalstar's services?

Industries such as oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, and more benefit from Globalstar's services.

What type of satellite solutions does Globalstar offer?

Globalstar offers satellite solutions for asset and personal tracking, data monitoring, and SCADA applications.

Are Globalstar's services suitable for individual recreational consumers?

Yes, individual recreational consumers also benefit from Globalstar's wide range of satellite communication products and services.

What is the primary use case for Globalstar's mobile satellite services?

Globalstar's mobile satellite services are primarily used in areas where terrestrial wireline and wireless communication networks are impaired or do not exist.

Does Globalstar offer one-way data transmission?

Yes, Globalstar offers one-way data transmission in addition to two-way voice and data services.

Stock GSAT logo
Globalstar, Inc.

NYSE:GSAT

GSAT Rankings

#1507 Ranked by Market Cap
N/A Ranked by Dividends

GSAT Stock Data

3.63B
745.34M
60.61%
20.65%
1.52%
Telecom Services
Communications Services, Nec
Link
United States of America
COVINGTON,