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Last $2.75 USD
Change Today +0.02 / 0.73%
Volume 1.4M
As of 8:04 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

globalstar inc (GSAT) Snapshot

Open
$2.71
Previous Close
$2.73
Day High
$2.76
Day Low
$2.70
52 Week High
07/7/14 - $4.53
52 Week Low
10/13/14 - $1.56
Market Cap
2.8B
Average Volume 10 Days
2.2M
EPS TTM
$-0.63
Shares Outstanding
869.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GLOBALSTAR INC (GSAT)

globalstar inc (GSAT) Related Businessweek News

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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. Its two-way transmission products also include Qualcomm GSP-1720 satellite voice and data modem, which enables value added resellers to integrate the satellite modem processing with the specific application. In addition, the company 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 asset tracking device. Further, it offers simplex one-way transmission products comprising STX-2 and STX-3, which enable an integrator’s product designs to access the company’s simplex network. Furthermore, the company provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. It 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, 2013, it served approximately 583,000 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: --
Vice President of Regulatory Affairs and Gene...
Total Annual Compensation: $329.6K
Consultant
Total Annual Compensation: $387.9K
Compensation as of Fiscal Year 2013.

globalstar inc (GSAT) Key Developments

Globalstar Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Fiscal 2015

Globalstar Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue was $22.09 million against $20.99 million a year ago. Loss from operations was $32.19 million against $26.83 million a year ago. Income before income taxes was $91.64 million against loss of $234 million a year ago. Net income was $92.01 million against loss of $234.8 million a year ago. Diluted income per share was $0.08 against $0.36 a year ago. LBITDA was $11.84 million against $2.47 million a year ago. Adjusted EBITDA was $3.81 million against $3.94 million a year ago. The decrease in adjusted EBITDA is due to increase in revenue and expenses. Revenue for the fourth quarter of 2014 increased of 5%, which was driven by increases in both service revenue and subscriber equipment revenue. The increase in net income results primarily from the impact of non-cash gains in the fourth quarter of 2014 due to a decrease in the value of the company's derivative liabilities. This fluctuation is due primarily to the change in value of derivatives, which resulted in a loss in the fourth quarter 2013 and a gain in the fourth quarter of 2014. These valuation adjustments are driven primarily by changes in the stock price during the respective periods. For the year, the company reported total revenue was $90.06 million against $82.71 million a year ago. Loss from operations was $95.89 million against $87.4 million a year ago. Loss before income taxes was $461.98 million against loss of $589.99 million a year ago. Net loss was $462.9 million against loss of $591.12 million a year ago. Diluted income per share was $0.50 against $0.96 a year ago. LBITDA was $46.56 million against $125.56 million a year ago. Adjusted EBITDA was $17.4 million against $11.85 million a year ago. The increase revenue was due to a $5.2 million increase in service revenue driven primarily by growth in total subscriber base, coupled with a $2.2 million increase in revenue from subscriber equipment sales resulting primarily from SPOT product launches in the second half of 2013. Net loss decreased due primarily to non-cash items impacting other income/expense. For full year 2015, the total CapEx requirements totaled $28.2 million. Total availability for the full year 2015 depends on operating cash flow, which even if it's assume a run rate between $20 million and $25 million, and total liquidity is in excess of $60 million in -- totally independent of the DSRA, which is restricted for principal and interest for the COFACE facility.

Globalstar Inc. to Report Q4, 2014 Results on Mar 02, 2015

Globalstar Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Mar 02, 2015

Globalstar Inc., Q4 2014 Earnings Call, Mar 02, 2015

Globalstar Inc., Q4 2014 Earnings Call, Mar 02, 2015

 

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GSAT Competitors

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ANADIGICS Inc $1.14 USD -0.02
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Industry Analysis

GSAT

Industry Average

Valuation GSAT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 30.1x
Price/Book 34.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 19.3x
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