GSAT Stock - Globalstar, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $250.35M | $223.81M | $148.50M | $124.30M | $128.49M |
| Gross Profit | $167.57M | $154.34M | $83.48M | $72.33M | $79.81M |
| Gross Margin | 66.9% | 69.0% | 56.2% | 58.2% | 62.1% |
| Operating Income | $-949,000 | $-165,000 | $-221,029,000 | $-65,503,000 | $-59,163,000 |
| Net Income | $-63,164,000 | $-24,718,000 | $-256,915,000 | $-112,625,000 | $-109,639,000 |
| Net Margin | -25.2% | -11.0% | -173.0% | -90.6% | -85.3% |
| EPS | $-0.59 | $-0.20 | $-2.10 | $-0.90 | $-1.00 |
Globalstar, Inc. provides mobile satellite services 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Deutsche Bank | Initiation | Hold | $62 |
| August 4th 2023 | Imperial Capital | Initiation | Outperform | $7.79 |
| May 3rd 2023 | Morgan Stanley | Upgrade | Equal Weight | $0.97← $1.75 |
| October 31st 2022 | Craig Hallum | Initiation | Buy | $5 |
Earnings History & Surprises
GSATEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $0.01 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.01 | $-0.01 | 0.0% | = MET |
Q3 2025 | Aug 7, 2025 | $-0.09 | $0.13 | +244.4% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $-0.07 | $-0.10 | -42.9% | ✗ MISS |
Q1 2025 | Feb 27, 2025 | $-0.05 | $-0.14 | -180.0% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $-0.00 | $0.04 | +3092.9% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $-0.15 | $-0.15 | 0.0% | = MET |
Q2 2024 | May 8, 2024 | $-0.15 | $-0.15 | 0.0% | = MET |
Q1 2024 | Feb 28, 2024 | $-0.00 | $-0.15 | -6566.7% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $-0.01 | $-0.03 | -200.0% | ✗ MISS |
Q3 2023 | Aug 3, 2023 | $-0.15 | $0.00 | +100.0% | ✓ BEAT |
Q2 2023 | May 5, 2023 | $-0.15 | $0.15 | +200.0% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $-0.01 | $-0.03 | -99.9% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $-0.15 | $-1.65 | -1000.0% | ✗ MISS |
Q3 2022 | Aug 4, 2022 | $-0.15 | $-0.15 | 0.0% | = MET |
Q2 2022 | May 5, 2022 | $-0.30 | $-0.15 | +50.0% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $-0.30 | $-0.15 | +50.0% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $-0.15 | $-0.30 | -100.0% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $-0.30 | $-0.15 | +50.0% | ✓ BEAT |
Latest News
Globalstar Completes Joint Technology Trial With Skydio; Cos Validate Compatibility Between Skydio X10 And Globalstar's Band N53 Spectrum, As Well As Globalstar's XCOM RAN Private 5G Platform
📈 PositiveGlobalstar Surpasses Over 50% Commitment By Investing More Than $1B To Enhance Global Satellite Network
📈 PositiveGlobalstar shares at an 11-year high in extended rally
📈 PositiveB. Riley Securities Maintains Buy on Globalstar, Raises Price Target to $75
📈 PositiveGlobalstar Affirms FY2025 Sales Guidance of $260.000M-$285.000M
📈 PositiveGlobalstar Q3 EPS $(0.01), Inline, Sales $73.845M Beat $68.924M Estimate
📈 PositiveGlobalstar Adds Eight New Six-Meter C-3 Tracking Antennas Across Brazil
📈 PositiveGlobalstar shares are trading higher after Bloomberg recently reported the company has drawn SpaceX interest in a sale process.
📈 PositiveGlobalstar stock jumps after report of sale talks with Musk's SpaceX
📈 PositiveGlobalstar shares are trading higher after Bloomberg reported the company has drawn SpaceX interest in a sale process.
📈 Positive'Globalstar Draws SpaceX Interest in Sale Process'- Bloomberg
📈 PositiveApple could pick Musk's firm for satcom services over Globalstar, which might sell itself
📈 PositiveGlobalstar Announces Commercial Availability Of RM200M Two-Way Satellite IoT Module
📈 PositiveGlobalstar Deploys New Ground Station Equipment In Talkeetna, Alaska
📈 PositiveClear Street Initiates Coverage On Globalstar with Buy Rating, Announces Price Target of $66
📈 PositiveGlobalstar And Conekt.ai Collaborate To Deliver Integrated Globalstar Band 53TM Spectrum And XCOM RAN Private Network Solutions Conekt.ai's Orchestration Platform
📈 PositiveGlobalstar To Invest $9M To Double Size Of Estonian Ground Station; Expansion Supports Enhanced Mobile Satellite Services Across Northern Europe
📈 PositiveGlobalstar Moves To Activate HIBLEO-XL-1 Satellite Filing, Expanding Future Mobile Connectivity Capabilities
📈 PositiveGlobalstar shares are trading higher following news that SpaceX will acquire EchoStar's AWS-4 and H-block spectrum licenses, which could raise investor enthusiasm.
📈 PositiveIt's Musk and Starlink vs. Apple-linked Globalstar in satellite-supremacy battle
➖ NeutralFrequently Asked Questions about GSAT
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