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Globalstar/$GSAT

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About Globalstar

Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services, including voice and data communications services to retail, business, and governmental customers, as well as wholesale satellite capacity services. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is the owner of satellite assets. It has one reportable segment: the MSS business. The company generates the vast majority of its revenue within the United States.
Ticker
$GSAT
Sector
Communication
Primary listing
NASDAQ
Employees
477

Globalstar Metrics

BasicAdvanced
$11B
-
-$0.49
1.51
-

Bulls say / Bears say

The FCC has authorised Globalstar’s C-3 system to provide direct-to-device connectivity in the US, opening a regulatory path to reach hundreds of millions of mobile devices. The satellites are expected to begin launching next year. (Globalstar)
Commercial IoT is showing growth: Globalstar reported record activations in the second quarter, with gross activations up more than 20% over the latest twelve months. This could help offset subscriber losses in its older Duplex and SPOT services. (Globalstar)
Customer infrastructure prepayments of up to $1.58 billion are helping fund the expanded satellite network build, reducing the need to finance all of that investment from current operating cash. Globalstar had received $813.4 million by the end of June. (U.S. SEC)
Revenue is highly reliant on wholesale capacity: that line generated $86.4 million of $134.8 million in first-half revenue. A change in demand or terms from the large wholesale customer could therefore have a material effect on results. (U.S. SEC)
Profitability remains weak: Globalstar lost $26.5 million in the second quarter, while net interest expense was $20.7 million. Higher financing costs add pressure as the company funds its satellite build-out. (U.S. SEC)
The proposed Amazon takeover is not certain to close: outstanding regulatory approvals remain and completion is expected in 2027. The merger terms also allow for a possible reduction in consideration if specified satellite milestones are missed. (U.S. SEC)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

Globalstar Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Globalstar Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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