GSAT Globalstar, Inc. featured news, full reports, and detailed charts
Globalstar, Inc. (GSAT) Wrap Up:
Globalstar, Inc. (the "Company") is a leading provider of mobile voice and data communications services via satellite. By providing wireless services in areas not served or underserved by terrestrial wireless and wireline networks, we seek to address our customers' increasing desire for connectivity. Using, at any given time, approximately 48 in-orbit satellites and 25 ground stations, which we refer to as gateways, we offer voice and data communications services in over 120 countries. Sixteen of these gateways are operated by unaffiliated companies (including three gateways in Brazil which we have agreed to acquire), which we refer to as independent gateway operators and which purchase communications services from us on a wholesale basis for resale to their customers. Our network, originally owned by Globalstar, L.P. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001047469-08-002849.html#FIS_BUSINESS"Globalstar Inc. (GSAT*(D):NASDAQ)
Snapshot of Globalstar Inc. (GSAT)
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OPEN
$0.82
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PREVIOUS CLOSE
$0.82
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DAY HIGH
$0.87
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DAY LOW
$0.80
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52 WEEK HIGH
06/4/09 - $2.00
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52 WEEK LOW
12/19/08 - $0.15
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MARKET CAP
133.3M
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AVERAGE VOLUME 3 mo
428.3K
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DILUTED EPS TTM
$-0.62
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SHARES OUTSTANDING
153.2M
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GSAT Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
GSAT Top Compensated Officers
Executives, Board Directors
Key developments for Globalstar Inc. (GSAT)
Globalstar Inc. announced unaudited consolidated financial results for the third quarter and nine month ended September 30, 2009. For the quarter, the company's total revenue, net loss and net loss per share were $17.5 million, $5.5 million and $0.04 respectively, compared to $22.5 million, $26.0 million and $0.31, respectively, for the same three months of 2008. Operating loss was $11.7 million against $17.4 million a year ago. Loss before income taxes was $5.4 million against $23.9 million a year ago. LBITDA was $4.4 million against $16.8 million a year ago. Adjusted LBITDA was $494,000 against $4.8 million a year ago. For the nine months, the company's total revenue was $48.4 million against $67.6 million a year ago. Operating loss was $41.9 million against $41.06 million a year ago. Loss before income taxes was $41.1 million against $37.6 million a year ago. Net loss was $41.03 million or $0.30 diluted per share against $39.8 million or $0.48 diluted per share a year ago. LBITDA was $25.2 million against $20.3 million a year ago. Adjusted LBITDA was $10.6 million against $8.2 million a year ago.
Globalstar Inc. announced it has installed a simplex data applique at its new gateway ground station in Nigeria. The applique installation completes construction of the gateway which will provide Globalstar satellite coverage to Nigeria, the surrounding portions of Western and Central Africa, as well as parts of the coastal Atlantic and Gulf of Guinea maritime region.
Globalstar Inc., Q3 2009 Earnings Call, Nov-05 2009
GSAT Competitors
| Company | Last | Change |
| Gilat Satellite Networks Ltd | $4.52 USD | -0.06 |
| KVH Industries Inc | $12.49 USD | +0.12 |
| ORBCOMM Inc | $2.48 USD | +0.04 |
| SkyTerra Communications Inc | $4.87 USD | -0.01 |
| Thrane and Thrane | kr133.00 DKK | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GSAT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.9x |
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| Price/Book | 0.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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GSAT |
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GSAT transactions
| Type Date |
Target |
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Private Placement
June 25, 2009 |
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Private Placement
June 16, 2009 |
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More Recent News About Globalstar, Inc.
More news for GSAT
International Telecom Services Stock Picks And Pans By Christopher King Of Stifel, Nicolaus
67 WALL STREET, New York - November 3, 2009 - The Wall Street Transcript has just published its Telecommunications Services & Equipment Report offering a timely review of the sector to serious investors and industry executives. This 20 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Telecom Carriers VS. Telecom Equipment Vendors - Increased Competition Hurts Profitability Among Telecom Carriers - Net Neutrality Battle - New Telecom Players Apple & Google - High-Growth Opportunity In Latin American Market - Rural Local Exchange Carriers - Fierce Wireless Competition - Significant Deceleration In Wireless Subscriber Growth - Upgrade To 4G - Secular Decline In RLEC Sector - Regulatory Environment - Unlimited Pay-In-Advance Segment Is Fastest-Growing In Wireless Companies include: Ciena Corporation (CIEN); AT&T (T); Alcatel (ALU); Apple (AAPL); CenturyLink (CTL); Clearwire (RLWR); Comcast (CMCSK); Consolidated Communications (CNSL); ERF Wireless (ERFW.OB); Frontier Communications (FTR); Google (GOOG); Intel (INTC); Iowa Telecom (IWA); Knology (KNOL); Leap Wireless (LEAP); Liberty Global (LBTYA); MetroPCS (PCS); Millicom (MICC); NII Holdings (NIHD); Nortel (NTL); Sprint (S); T-Mobile (DT); Telefonica (TEF); Tellabs (TLAB); Time Warner Cable (TWC); Time Warner Cable (TWX); TracFone (AMX); Verizon (VZ); Wal-Mart (WMT); Windstream (WIN). In the following brief excerpt from the just one of the...Click here to read the whole Article (external link)
Globalstar Opens New Gateway Expanding Coverage Into Oil Rich Nigeria and Western Africa
MILPITAS, Calif., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT - News), a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced it has installed a simplex data applique at its new gateway ground station in Nigeria. The applique installation completes construction of the gateway which will provide Globalstar satellite coverage to Nigeria, the surrounding portions of Western and Central Africa, as well as parts of the coastal Atlantic and Gulf of Guinea maritime region. Globalstar independent service provider Globaltouch (West Africa) Limited (GWAL) based in Lagos, Nigeria will operate the gateway located in Kaduna. Globalstar owns a 30 percent equity stake in the new service provider operation. Beginning this week, GWAL expects to initially offer Globalstar Simplex data solutions for a variety of logistics, supply chain management, government asset tracking applications plus SPOT Satellite GPS Messenger(TM) tracking and messaging products and services for both enterprise and consumer applications. GWAL plans to offer Globalstar's entire suite of current and next-generation advanced satellite voice and duplex-data solutions following the launch of the Globalstar second-generation constellation which is expected to begin next year. With the new gateway Globalstar and GWAL provide expanded continuous satellite coverage from Europe southward to most of Angola, west to the Atlantic coast maritime region and east to Sudan. "We are very...Click here to read the whole Article (external link)
Globalstar, Inc. Q3-2009 Earnings Call Release Notice
Globalstar, Inc. Q3-2009 Earnings Call Release Notice - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 15.0p...Click here to read the whole Article (external link)
Q3 2009 Globalstar, Inc. Earnings Release - After Market Close
Earnings Announcements for Thursday, November 5CompanySymbolTimeConferenceCall21st Century HoldingTCHC2:00 pm ET3I INFRASTRUCTURE3IN.LBefore Market OpenAbiomed, Inc.ABMDBefore Market OpenListenABOVENET INCABVTAfter Market CloseListenAbraxis BioScience, Inc.ABIIBefore Market OpenListenAccelrys Inc.ACCLAfter Market CloseListenACI Worldwide, Inc.ACIWBefore Market OpenACTIONS SEMICONDUCTOR CO LTDACTSAfter Market CloseActive Biotech ABACTI.STTime Not SuppliedActivision Blizzard, Inc.ATVIAfter Market CloseAdecco SAAHEXF.PK01:00 am ETAinsworth Lumber Company Ltd.ANS.TOAfter Market CloseAir MethodsAIRMAfter Market CloseAker ASAAKERTime Not SuppliedALAMOS GOLD INCAGI.TOBefore Market OpenAlaska Communications Systems GroupALSKAfter Market CloseAlexandria Real Estate...Click here to read the whole Article (external link)
Globalstar Announces Third Quarter Results for 2009
Key Quarterly Highlights; * Globalstar began to ship new smaller and lighter SPOT Satellite GPS Messenger * New Best Buy and Pep Boys distribution agreements expand SPOT points of distribution to nearly 10,000 * Globalstar total subscriber base grew to over 382,000 * Globalstar began implementation of Simplex data network upgrades designed to increase messaging capacity by 10X MILPITAS, Calif., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT - News), a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced its operational and financial results for the three and nine-month periods ended September 30, 2009. Major Company Highlights: * On July 1st Globalstar announced it had completed a $738 million financing. The financing funds the deployment of the Company's 24 second-generation satellites. Globalstar now has the resources needed to deploy a new constellation designed to last beyond 2025. * Globalstar continued to exhibit significant growth in subscribers for Simplex data and SPOT Satellite GPS Messenger(TM) during the third quarter of 2009. The Company completed the period ended September 30, 2009 with 382,313 subscribers, 52,925 more than it had at September 30, 2008. * As of September 30, 2009, Globalstar had received orders to ship more than 167,000 units to the nearly 10,000 SPOT Satellite GPS Messenger points of distribution in North America, Europe, Latin Am...Click here to read the whole Article (external link)
GLOBALSTAR, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
GLOBALSTAR, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements Certain statements contained in or incorporated by reference into this Report, other than purely historical information, including, but not limited to, estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding our ability to develop and expand our business, our ability to manage costs, our ability to exploit and respond to technological innovation, the effects of laws and regulations (including tax laws and regulations) and legal and regulatory changes, the opportunities for strategic business combinations and the effects of consolidation in our industry on us and our competitors, our anticipated future revenues, our anticipated capital spending (including for future satellite procurements and launches), our anticipated financial resources, our expectations about the future operational performance of our satellites (including their projected operational lives), the expected strengt...Click here to read the whole Article (external link)
Globalstar, Inc. Earnings Call scheduled for 5:00 pm ET today
Call DetailsGlobalstar, Inc. Earnings Conference Call (Q3 2009)Thu, Nov 5, 2009, 5:00 pm EasternAbout Globalstar, Inc. (NasdaqGS:GSAT)Globalstar, Inc., together with its subsidiaries, provides mobile voice and data communications services through satellite. It offers mobile voice and data satellite communications; personal asset tracking and remote monitoring; fixed voice and data satellite communications; and satellite data modem services, as well as other services, including the installation of gateways and antennas. The company also provides voice and data products, including mobile and fixed satellite telephones, and simplex and duplex satellite voice and data modems; SPOT satellite messenger products; and telephone accessories, such as car kits and chargers. It serves oil and gas, government, mining, forestry, commercial fishing, utilities, military, public safety and disaster relief, maritime, transportation, telecommunications, heavy construction, emergency preparedness, and business continuity industries in the United States and internationally, as well as individual and commercial recreational users. Globalstar, Inc. sells its products and services through various retail and wholesale channels, such as dealers, resellers, distribution managers, independent gateway operators, and direct sales, as well as online. As of December 31, 2008, the company had 48 in-orbit satellites and 26 ground stations/gateways. Globalstar, Inc. was founded in 2003 and is headquartered in Milpitas, California.More Info:Quote |Profile |Reports |Research |...Click here to read the whole Article (external link)
GLOBALSTAR, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financi
Show all filings for GLOBALSTAR, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GLOBALSTAR, INC. 5-Nov-2009Results of Operations and Financial Condition, Regulation FD Disclosure, Financi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
Tired of the Same Gift Ideas? Be a Lifesaver and Give the Gift of SPOT
MILPITAS, Calif., Nov. 17, 2009 (GLOBE NEWSWIRE) -- Spot LLC, a wholly-owned subsidiary of Globalstar Inc. (Nasdaq:GSAT - News) today responds to budget conscious holiday shoppers who are looking for something unique this season. Spot today announces its $50 Holiday Rebate for the SPOT Satellite Personal Tracker, the award-winning personal and portable satellite-based communications messenger. Winner of The Wall Street Journal 2008 Innovation Award for Consumer Electronics, SPOT Satellite Personal Tracker (SPOT-1) is the gift that provides additional safety and remote communications for loved ones and peace-of-mind for you at home. The SPOT Satellite Personal Tracker enables location-based satellite messaging and emergency safety communications independent of cell phone coverage for as low as $49.95 after rebate.Effective today, the $50 Holiday Rebate qualifies shoppers who purchase one SPOT Satellite Personal Tracker from an authorized SPOT retailer or online outlet to receive a $50 VISA pre-paid rebate card after mail-in-rebate. Activate the SPOT device using a specified promotional code before January 15, 2010 and receive one year of free SPOT Assist(TM) Roadside service. For complete rebate and promotion details visit ...Click here to read the whole Article (external link)
