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Last $2.07 USD
Change Today -0.06 / -2.82%
Volume 2.1M
GSAT On Other Exchanges
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

globalstar inc (GSAT) Snapshot

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52 Week High
08/19/14 - $4.20
52 Week Low
10/13/14 - $1.56
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globalstar inc (GSAT) Details

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves government; public safety and disaster relief; recreation and personal; telecommunications; oil and gas; maritime and fishing; natural resources; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2014, it served approximately 639,000 subscribers. The company was founded in 2003 and is headquartered in Covington, Louisiana.

282 Employees
Last Reported Date: 03/2/15
Founded in 2003

globalstar inc (GSAT) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: --
Chief Financial Officer and Vice President
Total Annual Compensation: $161.9K
Vice President of Regulatory Affairs and Gene...
Total Annual Compensation: $211.8K
Compensation as of Fiscal Year 2014.

globalstar inc (GSAT) Key Developments

Globalstar Inc. Offers Pan-African Satellite Coverage

Globalstar Inc. announced that its gateway in Gaborone, Botswana has gone live, enabling Globalstar to deliver affordable simplex coverage over the African continent. This new gateway, in partnership with Broadband Botswana Internet (BBi), provides Globalstar's full line of simplex services, including its SPOT portfolio of affordable personal tracking and life-saving solutions. Much of the African continent has limited terrestrial and/or cellular infrastructure. In these regions in particular, Globalstar's satellite services, which leverage the industry's only complete next generation satellite constellation in orbit, provide a compelling must-have solution for seamless tracking of people and assets. The Globalstar network enables professional, corporate and government users to monitor vital infrastructure, taking advantage of the capabilities of M2M and the emerging Internet of Things. Globalstar simplex solutions can also enhance the effectiveness of life-saving emergency first responder services. Oil & gas providers operating in Africa can benefit from precise, time and resource-saving solutions from the M2M-based, SmartOne product line. Remote workers in remote areas on land or offshore, can keep head office, customers, family and friends abreast of their location with SPOT Gen3®. It also provides a one-touch lifeline in an emergency. African mining, construction and engineering companies can help safeguard staff and equipment even in the most remote areas of the continent with SPOT Gen3 and SPOT Trace and SmartOne products. Commercial trucking companies can more accurately track and monitor their fleets with SmartOne from Globalstar. At the core of SmartOne is a vibration sensor that alerts owners to any motion, such as attempts of theft. The device not only relays a vehicle's location accurately, but it can dynamically report engine runtime and monitor faults, both of which can significantly enhance operating efficiency.

Disaster Tech Lab Uses Globalstar's Satellite Phones and SPOT Handheld Messengers to Enhance Global Emergency Communications Services

Globalstar Inc. announced that Disaster Tech Lab is using Globalstar’s satellite phones and SPOT handheld messengers to improve the efficiency of its humanitarian rescue operations and enhance the safety of its volunteers in disaster zones. Disaster Tech Lab sets up networks and services that enable communications for aid organizations and NGO's as well as affected communities. These services will now be backed by Globalstar’s instant infrastructure independent of terrestrial coverage, which means even more rapid provisioning of interoperable communications systems. Disaster Tech Lab’s volunteers in Nepal, setting up communications networks in the aftermath of the recent earthquakes, are already using SPOT Gen 3® units. The rugged, easy-to-use handheld devices are set up to automatically report the user’s location at regular intervals. The device includes a ‘check-in’ button to send to Disaster Tech Lab’s headquarters with a prepared message, indicating that all is OK, as well as an SOS feature in case of emergency. SPOT has initiated over 3,500 life-saving rescues to date and is already relied upon by numerous emergency management organizations. Globalstar GSP-1700 satellite phones, currently free when activating on select airtime plans, will be used by Disaster Tech Lab’s communications and IT specialist volunteers to coordinate activities with the head office, such as planning the shipment of solar powered satellite terminals.

Globalstar, Inc. Announces Integration of SPOT with Lockheed Martin Flight Service

Globalstar Inc. announced that Lockheed Martin Flight Service (LMFS) will integrate and provide automated position monitoring for VFR (Visual Flight Rules) flights. Using a SPOT Gen3 or a SPOT Trace, GPS tracking reports are generated and forwarded to LMFS. The system keeps track of the aircraft and if the aircraft stops moving or stops sending position reports, an alarm is triggered immediately at LMFS. The aircraft's most recent GPS coordinates are available to be forwarded to Search and Rescue (SAR) authorities, significantly narrowing the search radius and providing faster SAR response. The SPOT Gen3 also features an SOS button that can send an instant distress message along with GPS position information to GEOS International Emergency Response Coordination Center, immediately initiating SAR operations. For a limited time this summer, SPOT units are 50% off. SPOT Gen3 can currently be purchased for $74.99 after rebate, with basic service plans starting at $14.99 per month or $149.99 per year. SPOT Trace can currently be purchased for $49.99, with basic service plans starting at $9.99 per month or $99.99 per year.


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Price/Sales 22.9x
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TEV/Sales 12.8x

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