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Last $1.66 USD
Change Today +0.10 / 6.41%
Volume 2.3M
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

globalstar inc (GSAT) Snapshot

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09/18/14 - $4.04
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Current Stock Chart for GLOBALSTAR INC (GSAT)

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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

NASA Selects ALAS Aviation Tracking System from Globalstar

Globalstar (GSAT) announced that National Aeronautics and Space Administration (NASA) has selected its ALAS aviation tracking system to be used for ongoing R&D work at the Langley Research Center. The ALAS system was the only system compatible with and complementary to existing Globalstar voice, data and subscription services that were previously purchased by NASA. The system was chosen due to the technology's proof of concept and available data speeds.

Globalstar Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Globalstar Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported loss from operations of $17,417,000 against $25,035,000 a year ago. Total revenue was $23.0 million for the second quarter of 2015 compared to $24.0 million for the second quarter of 2014. Net income was $204.8 million for the second quarter of 2015 compared to a net loss of $433.7 million for the second quarter of 2014. Profit before income taxes was $204,873,000 against loss before income taxes of $432,758,000 a year ago. Net profit was $204,767, 000 or $0.17 per basic and diluted share against net loss of $433,730,000 or $0.48 per basic and diluted share a year ago. EBITDA was $3,699,000 against $20,598,000 a year ago. Adjusted EBITDA was $3.2 million for the second quarter of 2015 and $5.0 million for the second quarter of 2014.

Globalstar Seeks Acquisitions

Globalstar Inc. (AMEX:GSAT) is looking for acquisitions. The company has filed a Follow-on Equity Offering in the amount of $75 million. The company said; "We intend to use the net proceeds from this offering for general corporate purposes, including as “equity cure contributions,” as defined in our principal loan agreements, capital expenditures, working capital and general and administrative expenses, and potential acquisitions of or investments in businesses, products and technologies that complement our business, although we have no present commitments or agreements to make any such acquisitions or investments."


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Industry Analysis


Industry Average

Valuation GSAT Industry Range
Price/Earnings 6.1x
Price/Sales 18.7x
Price/Book 7.6x
Price/Cash Flow 4.0x
TEV/Sales 9.4x

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