Earnings summaries and quarterly performance for Globalstar.
Executive leadership at Globalstar.
Board of directors at Globalstar.
Research analysts who have asked questions during Globalstar earnings calls.
Griffin Boss
B. Riley Securities
2 questions for GSAT
Also covers: APEI, ASTS, CMTL +7 more
MC
Michael Crawford
B. Riley Securities, Inc.
2 questions for GSAT
Also covers: ASTS, ATEX, CMTL +9 more
SF
Simon Flannery
Morgan Stanley
2 questions for GSAT
Also covers: ABBN.SW, AMT, BCE +11 more
WP
Walter Piecyk
LightShed Partners
2 questions for GSAT
Also covers: AMX, CCOI, IRDM +6 more
Christopher Quilty
Quilty Space
1 question for GSAT
Also covers: ASTS, BKSY, GILT +7 more
George Sutton
Craig-Hallum
1 question for GSAT
Also covers: ACIW, AEYE, AGYS +26 more
Logan W Lillehaug
Craig-Hallum Capital Group LLC
1 question for GSAT
Also covers: AGYS, APLD, GDOT +4 more
LD
Lyman Delano
Beck, Mack & Oliver
1 question for GSAT
MR
Michael Ridgeway
Robertson Stephens Wealth Management, LLC
1 question for GSAT
Recent press releases and 8-K filings for GSAT.
Globalstar Reports Record Q3 2025 Revenue and Reaffirms Full-Year Outlook
GSAT
Earnings
Guidance Update
New Projects/Investments
- Globalstar reported record Q3 2025 total revenue of $73.8 million, driven by growth in wholesale capacity services and commercial IoT, contributing to a year-to-date total revenue of $201 million, a 6% increase.
- The company maintained strong profitability with a Q3 adjusted EBITDA margin of 51% and a year-to-date margin of 52%, even while making substantial investments in XCOM and Next Generation products.
- Commercial IoT subscriber growth reached 543,000, a 6% increase, with equipment revenue up 60% year-over-year, and the recent commercial availability of its two-way module is expected to drive further demand. The company also noted progress in the government sector and an initial order for XCOM RAN.
- Globalstar ended Q3 2025 with $346.3 million in cash and cash equivalents and generated $133.3 million in adjusted free cash flow year-to-date, reiterating its full-year 2025 revenue outlook of $260 million to $285 million and an adjusted EBITDA margin of approximately 50%.
Nov 6, 2025, 10:00 PM
Globalstar Announces Third Quarter 2025 Financial Results
GSAT
Earnings
Guidance Update
New Projects/Investments
- Globalstar, Inc. reported record high revenue of $73.8 million for the third quarter of 2025, primarily driven by increased wholesale capacity services and subscriber equipment sales.
- The company reaffirmed its full-year financial guidance, projecting revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%.
- For Q3 2025, net income was $1.1 million and Adjusted EBITDA was $37.6 million.
- Key operational advancements include progressing the Extended MSS Network and C-3 satellite system, achieving global availability for the RM200M two-way module, and securing an initial order for XCOM RAN technology from a new warehouse automation customer.
Nov 6, 2025, 9:16 PM
Globalstar Announces Third Quarter 2025 Financial Results
GSAT
Earnings
Guidance Update
Product Launch
- Globalstar reported record high third quarter 2025 revenue of $73.8 million, driven by higher wholesale capacity services and subscriber equipment sales. For the first nine months of 2025, total revenue was $201.0 million, a 6% increase compared to the same period in 2024.
- The company reiterated its full-year 2025 financial guidance, projecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%.
- Operational highlights include advancing the development of the Extended MSS Network and C-3 satellite system, achieving global availability for the new RM200M two-way module, and receiving an initial order from a new warehouse automation customer utilizing XCOM RAN technology.
Nov 6, 2025, 9:15 PM
Globalstar Expands Ground Infrastructure in Brazil
GSAT
New Projects/Investments
- Globalstar is expanding its ground infrastructure in Brazil by installing eight new six-meter C-3 tracking antennas at four locations: Manaus, Petrolina, Presidente Prudente, and Sao Paulo.
- This expansion supports Globalstar's third-generation Mobile Satellite Services across Central and South America, aiming to ensure high service quality and redundancy for solutions like IoT and D2D.
- The Brazil project is part of a broader global expansion that includes installing up to 90 new tracking antennas across 14 locations in eight countries on four continents, representing a significant investment in network functionality and capacity.
Nov 4, 2025, 2:16 PM
Globalstar Explores Sale Amid Strategic Partnerships and Financial Risks
GSAT
M&A
Takeover Bid
- Globalstar Inc. is exploring a potential sale and has initiated preliminary talks with Elon Musk's SpaceX among other interested parties.
- The sale process is complicated by Apple's contractual influence due to its significant investment to expand satellite-based features on iPhones.
- Globalstar exhibits a strong liquidity position with a current ratio of 2.81 and quick ratio of 2.72, but faces profitability challenges with a negative net margin and a distressed Altman Z-Score of 0.74, indicating financial risk.
- The company's market capitalization before sale talks was reported around $2 billion, with some sources indicating approximately $6.41 billion.
Oct 31, 2025, 3:58 AM
Globalstar Announces Ground Station Expansion in Alaska
GSAT
New Projects/Investments
- Globalstar (GSAT) announced the deployment of new ground station equipment in Talkeetna, Alaska, and the expansion of its existing ground station in Wasilla, Alaska, as of October 20, 2025.
- This initiative involves installing a total of four new 6-meter tracking antennas in Alaska to support its third-generation C-3 mobile satellite system.
- The expansion aims to ensure high service quality and redundancy for next-generation mobile satellite connectivity, including IoT and D2D solutions across the Northern United States and Canada.
- These four antennas are part of a sweeping global expansion that will include up to 90 new tracking antennas for Globalstar's C-3 Satellite System, representing a significant investment in network functionality and capacity.
Oct 20, 2025, 1:16 PM
Globalstar Announces Collaboration with Conekt.ai
GSAT
New Projects/Investments
Product Launch
- Globalstar and Conekt.ai have announced a strategic collaboration to deliver integrated private, public, and satellite IoT connectivity services.
- This partnership aims to provide enterprise customers with turnkey connectivity solutions for IoT deployments, private networks, and hybrid architectures.
- The solution integrates Globalstar Band 53 spectrum and XCOM RAN private network solutions with Conekt.ai's orchestration platform, combining licensed spectrum, advanced RAN technology, satellite, and public networks.
- This collaboration is expected to expand Globalstar's go-to-market capabilities and offer differentiated solutions for mission-critical IoT and private network services.
Oct 3, 2025, 1:16 PM
Globalstar to Commission HIBLEO-XL-1 Satellite System
GSAT
New Projects/Investments
Product Launch
- Globalstar announced its plan to commission the HIBLEO-XL-1 satellite system to prepare for the next generation of mobile satellite connectivity.
- The HIBLEO-XL-1 system is designed to expand Globalstar's global Mobile Satellite Services (MSS) capabilities by including additional satellites, orbital shells, and frequency bands, beyond its currently licensed L, S, and C frequencies.
- Dr. Paul Jacobs, CEO of Globalstar, stated that the launch of HIBLEO-XL-1 presents significant evolution opportunities for the company to become a major connectivity provider in the international space economy.
- This initiative follows a $1.5 billion investment announced in November 2024 for a third-generation C-3 mobile satellite system, which will include 48 additional satellites and approximately 90 new international ground station antennas.
Sep 15, 2025, 9:14 PM
Globalstar Announces Expansion of Mobile Satellite Connectivity with HIBLEO-XL-1 System
GSAT
New Projects/Investments
Product Launch
- Globalstar plans to bring its HIBLEO-XL-1 satellite system into use, which will expand its global Mobile Satellite Services (MSS) capabilities by including additional satellites, orbital shells, and new frequency bands.
- Dr. Paul Jacobs, Globalstar CEO, stated that the HIBLEO-XL-1 system provides significant optionality for the company's growth within the global space economy, which is projected to reach $1.8 trillion by 2035.
- This expansion follows a $1.5 billion investment announced in November 2024 for a third-generation C-3 mobile satellite system, which will comprise 48 additional satellites and approximately 90 new ground stations to improve user experience.
Sep 15, 2025, 11:25 AM
Globalstar Secures Government Contracts
GSAT
New Projects/Investments
Revenue Acceleration/Inflection
- Globalstar has secured multiple recent contract awards in the government market, anticipating a minimum of $60 million in revenue over the next five years.
- These wins are expected to drive significant government revenue growth and highlight the company's resilient satellite and 5G networking solutions for defense and government agencies.
Aug 14, 2025, 8:15 PM
Quarterly earnings call transcripts for Globalstar.
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