Globalstar, Inc. (GSAT) reported fourth-quarter 2024 loss of 42 cents per share, wider than the loss of 14 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at a loss of 5 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $61.2 million surpassed the Zacks Consensus Estimate by 2.1%. The top line rose 16.7% year over year. This revenue growth was driven by a solid increase in service revenues.Shares of GSAT declined approximately 12% in the pre-ma ...

Globalstar, Inc. (NASDAQ:GSAT) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Rebecca Clary - VP & CFO Paul Jacobs - CEO & Director Conference Call Participants Mike Crawford - B. Riley Securities Simon Flannery - Morgan Stanley Walter Piecyk - LightShed Partners Chris Quilty - Quilty Space Lyman Delano - Beck, Mack & Oliver George Sutton - Craig-Hallum Operator Good day, and thank you for standing by. Welcome to the Globalstar Fourth Quarter 2024 Earnings Conference Call ...

Dr. Paul E. Jacobs, Chief Executive Officer, said, "2024 was a remarkable year for Globalstar as we executed well on several key initiatives that we believe will enable long-term, sustainable growth. We made important strides enhancing our product portfolio to address key end markets including consumer and government defense. This is highlighted through our recent partnership announcements with Parsons Corporation, Peiker Holding Company, and Liquid Intelligent Technologies. Furthermore, the recent expansio ...

Globalstar, Inc. (GSAT) has introduced an advanced two-way satellite Internet of Things (IoT) solution using its low Earth orbit (LEO) satellite constellation. This groundbreaking technology ensures delivery, low-latency messaging, and reliable and global command-and-control capabilities across various industries, including fleet tracking, asset monitoring, disaster communications, vessel tracking, precision farming and pipeline telemetry.Globalstar’s RM200M module is the first satellite module to feature i ...

Globalstar, Inc. (GSAT) is scheduled to report fourth-quarter 2024 results on Feb. 27, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is pegged at 61.2 million, indicating an increase of 16.73% from a year ago.The Zacks Consensus Estimate for the fourth-quarter bottom line is pegged at a loss of 6 cents per share, suggesting an improvement of 60% from the year-ago quarter’s reported figure. GSAT’s earnings met the Zac ...

Group 1 - Globalstar is progressing with the launch of a new constellation and the deployment of its XCOM RAN technology, although optimism about its D2D business is fading [1] Group 2 - Narweena, an asset manager, focuses on identifying market dislocations due to misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities in markets with entry barriers [2] - The research process at Narweena emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and a long-term investment horizon targeting deeply undervalued small-cap stocks [2] - Narweena believes that an aging population with low growth and stagnating productivity will create new investment opportunities, while many industries may face stagnation or decline, potentially improving business performance due to reduced competition [2] - The economic landscape is shifting towards asset-light businesses, leading to a declining need for infrastructure investments, which results in a large pool of capital chasing limited investment opportunities, driving up asset prices and compressing risk premia [2]

Satellite communications company Globalstar listed on the Nasdaq Tuesday after delisting from the New York Stock Exchange."We did a reverse split — we're a multibillion dollar company, but our stock price was down in the dollar-ish range," CEO Paul Jacobs told CNBC's Becky Quick on "Squawk Box." "And people thought of us as a penny stock, and some investors couldn't invest in us, so we're here sort of in conjunction with that."Jacobs and Globalstar also rang the opening bell at the Nasdaq Tuesday morning. T ...

Core Viewpoint - T-Mobile's new direct-to-cell (DTC) collaboration with SpaceX's Starlink service has positively impacted the stock prices of T-Mobile, Globalstar, and AST SpaceMobile, with T-Mobile's advertisement generating significant investor interest [1][2][3]. T-Mobile's Initiative - T-Mobile has launched a DTC satellite cellphone service in partnership with Starlink, aiming to cover 500,000 square miles of terrain in the U.S. that are currently unreachable by cellphone [4]. - The beta service allows anyone in the U.S. to sign up for free until July 2025, regardless of whether they are T-Mobile customers [5][6]. Market Reaction - Following the advertisement, T-Mobile's stock rose by 3%, while AST SpaceMobile's stock surged by 23% and Globalstar's stock increased by 11.3%, indicating a strong market reaction to the news [2][3]. - The advertisement is perceived as both a competitive move against AT&T and Verizon and as free promotion for Globalstar and AST SpaceMobile, which are also planning to offer DTC services [9][10]. Competitive Landscape - Globalstar already provides emergency text services for Apple smartphone users, while AST SpaceMobile is awaiting regulatory approval to launch its own DTC services [8]. - T-Mobile's initiative may attract customers from competitors, but it also highlights the services offered by Globalstar and AST, potentially increasing their stock value [7][10].

Group 1 - The article introduces Globalstar's business areas and provides an opinion on their potential impact on the company's future [1] - The author has been involved in investing since 2016 and established an investment firm in 2022, indicating a long-term interest in investment analysis [1] - The article suggests a "hold" position on Globalstar's stock, implying that there are better investment opportunities available [1] Group 2 - The author has a beneficial long position in Globalstar shares, indicating confidence in the company's performance [2] - The article is based on the author's own opinions and does not involve compensation from any company mentioned [2] - There is no business relationship between the author and any company whose stock is discussed, ensuring an independent perspective [2]

Partnership Overview - Globalstar and Peiker Holding GmbH have partnered to enhance vehicle communication and safety by combining satellite-based communication expertise with automotive telematics and emergency services [1] - The collaboration aims to provide innovative solutions for the automotive sector, focusing on safety, connectivity, and reliability [3] - Peiker will act as a bridge for Globalstar to enter the European automotive market, facilitating the distribution and integration of satellite-based services [4] Technological Expertise - Peiker's Polestar telematics system, based on mobile phone technology and GPS, enables modern emergency call services and vehicle tracking during emergencies [2] - Globalstar's SPOT satellite messengers have facilitated 10,000 rescues globally, showcasing its expertise in satellite-powered IoT solutions for remote connectivity [3] Market Strategy and Growth - The partnership targets European automotive manufacturers and consumers, aiming to integrate satellite-based communication into connected vehicles [5] - Globalstar plans to expand its terrestrial wireless (XCOM RAN + Band n53) and mobile satellite services to capture opportunities in consumer and commercial IoT segments [7] - The company expects revenues to exceed $495 million with adjusted EBITDA margins surpassing 54%, driven by strategic investments in terrestrial networks and spectrum expansion [8] Financial Performance and Guidance - Globalstar reaffirmed its full-year revenue guidance of $245-250 million for 2024, with an adjusted EBITDA margin of 54% [7] - For 2025, revenues are projected to be between $260-285 million, with an adjusted EBITDA margin of approximately 50% [7] Stock Performance and Industry Comparison - Globalstar's stock price has surged 55.9% in the past six months, outperforming the industry's growth of 26.9% [9] - The company currently holds a Zacks Rank 3 (Hold) [9] Broader Technology Sector Highlights - InterDigital, Inc (IDCC) and Ubiquiti Inc (UI) hold a Zacks Rank 1 (Strong Buy), while Qualcomm Incorporated (QCOM) carries a Zacks Rank 2 (Buy) [10] - IDCC focuses on advanced mobile technologies with a long-term growth expectation of 17.44% [11] - Ubiquiti's global network management and flexible business model contributed to a 20.9% earnings surprise in the last quarter [12] - Qualcomm is leveraging 5G traction and a diversified revenue stream to transition into a connected processor company for the intelligent edge [13]