GSAT - Globalstar Inc Stock Price, Fair Value and News

1.32USD-0.01 (-0.75%)Market Closed

Market Summary

USD1.32-0.01

Market Closed

-0.75%

GSAT Alerts

1 major insider buys and 2 major insider sales recently.

GSAT Stock Price

View Fullscreen

GSAT RSI Chart

GSAT Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

-97.99

Price/Sales (Trailing)

10.82

EV/EBITDA

34.45

Price/Free Cashflow

32.58

GSAT Price/Sales (Trailing)

GSAT Profitability

EBT Margin

-10.54%

Return on Equity

-6.52%

Return on Assets

-2.67%

Free Cashflow Yield

3.07%

GSAT Fundamentals

GSAT Revenue

Revenue (TTM)

223.8M

Rev. Growth (Yr)

26.88%

Rev. Growth (Qtr)

-9.14%

GSAT Earnings

Earnings (TTM)

-24.7M

Earnings Growth (Yr)

-182.62%

Earnings Growth (Qtr)

-144.42%

Breaking Down GSAT Revenue

Last 30 days

-10.2%

Last 90 days

-28.3%

Trailing 12 Months

28.2%

How does GSAT drawdown profile look like?

GSAT Financial Health

Current Ratio

0.81

Debt/Equity

0.86

Debt/Cashflow

0.23

GSAT Investor Care

Shares Dilution (1Y)

1.90%

Diluted EPS (TTM)

-0.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	174.4M	192.6M	212.7M	223.8M
2022	130.1M	136.7M	141.7M	148.5M
2021	123.2M	123.1M	123.0M	124.3M
2020	133.8M	133.0M	127.2M	128.5M
2019	131.4M	128.9M	131.8M	131.7M
2018	116.8M	122.4M	127.6M	130.1M
2017	99.7M	102.7M	107.6M	112.7M
2016	91.3M	93.4M	95.2M	96.9M
2015	90.5M	89.6M	89.8M	90.5M
2014	83.9M	88.1M	89.0M	90.1M
2013	78.9M	78.8M	80.8M	82.7M
2012	71.3M	72.3M	74.6M	76.3M
2011	70.6M	72.0M	72.0M	72.8M
2010	65.2M	66.1M	67.0M	67.9M
2009	0	0	0	64.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Globalstar Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	clary rebecca	sold	-104,250	1.39	-75,000	vp & chief financial officer
Mar 14, 2024	taylor timothy evan	sold	-565,324	1.4312	-395,000	vp, finance & operations
Mar 13, 2024	lynch james f	bought	960,300	1.455	660,000	-
Mar 13, 2024	taylor timothy evan	sold	-574,132	1.4535	-395,000	vp, finance & operations
Mar 12, 2024	lynch james f	bought	952,776	1.4436	660,000	-
Mar 11, 2024	lynch james f	bought	934,890	1.4165	660,000	-
Mar 08, 2024	lynch james f	bought	883,872	1.3392	660,000	-
Mar 07, 2024	lynch james f	bought	863,742	1.3087	660,000	-
Mar 05, 2024	ponder l barbee iv	acquired	100,000	1.33	75,188	general counsel
Mar 05, 2024	clary rebecca	sold (taxes)	-74,748	1.33	-56,202	vp & chief financial officer

Which funds bought or sold GSAT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC	sold off	-100	-29,000	-	-%
Apr 12, 2024	AdvisorNet Financial, Inc	unchanged	-	-1,410	4,410	-%
Apr 11, 2024	Ballentine Partners, LLC	reduced	-0.32	-34,515	106,554	-%
Apr 09, 2024	American Capital Advisory, LLC	new	-	5,820	5,820	-%
Apr 09, 2024	Curbstone Financial Management Corp	unchanged	-	-208,680	652,680	0.14%
Apr 05, 2024	GAMMA Investing LLC	unchanged	-	-94.00	1,154	-%
Apr 05, 2024	CWM, LLC	added	1,520	5,000	5,000	-%
Apr 01, 2024	BURKETT FINANCIAL SERVICES, LLC	new	-	338	338	-%
Mar 26, 2024	HighPoint Advisor Group LLC	new	-	80,000	80,000	0.01%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-0.9	222,518	698,400	-%

Are Funds Buying or Selling GSAT?

Are funds buying GSAT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GSAT

No. of Funds

GSAT Alerts

1 major insider buys and 2 major insider sales recently.

Unveiling Globalstar Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Sep 12, 2022	globalstar, inc.	0.04%	640,750	SC 13D/A
Sep 07, 2022	globalstar, inc.	0.04%	640,750	SC 13D/A
Feb 14, 2022	mudrick capital management, l.p.	1.2%	12,531,105	SC 13G/A
Feb 12, 2021	mudrick capital management, l.p.	2.3%	0	SC 13G/A
Feb 25, 2020	globalstar, inc.	0.04%	0	SC 13D/A
Feb 14, 2020	mudrick capital management, l.p.	1.1%	3,359,889	SC 13G/A
Jan 03, 2020	globalstar, inc.	0.04%	0	SC 13D/A
Sep 06, 2019	mudrick capital management, l.p.	1.1%	3,359,889	SC 13G

Recent SEC filings of Globalstar Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	POS AM	POS AM
Apr 10, 2024	ARS	ARS
Apr 10, 2024	DEF 14A	DEF 14A
Apr 10, 2024	S-8	Employee Benefits Plan
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 14, 2024	144	Notice of Insider Sale Intent
Mar 13, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Globalstar Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	189.7B	78.6B	-1.23%	6.84%	22.81	2.41	-1.27%	221.12%
VZ	168.6B	134.0B	1.54%	2.24%	14.52	1.26	-2.09%	-45.36%
T	116.2B	122.4B	-4.69%	-18.46%	8.07	0.95	1.40%	268.93%
CHTR	38.3B	54.6B	-11.60%	-24.76%	8.1	0.7	1.08%	-10.13%
MID-CAP
CCOI	3.0B	940.9M	-2.85%	-8.61%	2.35	3.18	56.92%	24646.23%
IDCC	2.5B	549.6M	-5.97%	30.54%	11.49	4.47	20.05%	128.48%
GSAT	2.4B	223.8M	-10.20%	28.16%	-97.99	10.82	50.71%	90.38%
CABO	2.2B	1.7B	-6.95%	-42.97%	8.24	1.31	-1.64%	14.23%
SMALL-CAP
ATUS	935.0M	9.2B	-23.22%	-33.01%	17.58	0.1	-4.26%	-72.66%
ATEX	598.2M	3.5M	-6.62%	1.22%	37.8	169.03	115.01%	136.91%
CNSL	496.5M	1.1B	-0.70%	14.75%	-2	0.45	-6.81%	-232.03%
ATNI	428.4M	762.2M	-12.69%	-30.42%	-30.64	0.56	5.03%	51.69%
CXDO	115.7M	53.2M	-9.09%	180.18%	-319.48	2.17	41.66%	98.98%
DISH	-	15.3B	-	-100.00%	-	-	-8.30%	-150.86%

Globalstar Inc News

Latest updates

Globalstar Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-9.1%	52,409	57,683	55,072	58,644	41,306	37,626	36,800	32,772	34,475	32,614	30,279	26,929	33,172	32,757	30,364	32,194	31,835	38,614	31,191	30,078	31,946
Costs and Expenses	15.7%	64,402	55,666	52,452	51,453	50,626	224,267	48,156	46,484	49,996	47,328	46,287	46,189	48,236	47,392	45,743	46,279	48,889	50,619	47,847	48,409	50,353
S&GA Expenses	-30.0%	8,469	12,090	12,654	13,391	6,946	8,607	9,693	9,341	5,655	9,196	9,681	10,097	10,331	10,063	10,253	11,091	9,710	12,895	11,022	11,606	13,163
EBITDA Margin	-13.8%	0.35*	0.41*	-0.60*	-0.80*	-1.10*	-1.26*	-0.04*	0.03*	-0.09*	-0.03*	0.02*	0.01*	-0.01*	-0.06*	0.28*	0.56*	1.06*	0.60*	0.52*	0.40*	0.84*
Interest Expenses	-100.0%	-	5,958	-	7,554	-	-	-	-	1,517	40.00	3,937	40.00	4,907	40.00	5,930	41.00	14,431	40.00	12,882	-	13,758
Income Taxes	715.7%	938	115	26.00	44.00	22.00	-153	121	83.00	-616	-114	354	77.00	493	58.00	90.00	21.00	421	40.00	57.00	27.00	9.00
Earnings Before Taxes	-133.6%	-14,140	-6,054	35.00	-3,436	-5,313	-204,514	-26,636	-20,379	-24,574	-30,999	-21,095	-36,256	-21,241	-24,888	-24,646	-38,202	-37,326	21,151	6,246	25,798	-96,444
EBT Margin	-51.8%	-0.11*	-0.07*	-1.11*	-1.38*	-1.73*	-1.95*	-0.75*	-0.75*	-0.91*	-0.89*	-0.84*	-0.87*	-0.85*	-0.98*	-0.59*	-0.36*	0.12*	-0.33*	-0.43*	-0.52*	-0.05*
Net Income	-144.4%	-15,078	-6,169	9.00	-3,480	-5,335	-204,361	-26,757	-20,462	-23,958	-30,885	-21,449	-36,333	-21,734	-24,946	-24,736	-38,223	-37,747	21,111	6,189	25,771	-96,453
Net Income Margin	-56.9%	-0.11*	-0.07*	-1.11*	-1.38*	-1.73*	-1.94*	-0.75*	-0.74*	-0.91*	-0.90*	-0.85*	-0.87*	-0.85*	-0.99*	-0.60*	-0.36*	0.12*	-0.33*	-0.43*	-0.52*	-0.05*
Free Cashflow	-77.4%	5,785	25,563	19,074	21,691	30,981	9,820	12,088	6,455	23,601	50,132	50,294	3,398	-2,586	13,714	3,140	3,491	-4,110	3,120	-868	312	-15,851

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.5%	924	911	832	845	738	747	944	850	814	884	876	913	888	911	924	939	966	1,020	1,037	1,045	1,045
Current Assets	-0.7%	143	144	121	73.00	81.00	66.00	70.00	71.00	69.00	75.00	72.00	112	68.00	73.00	65.00	61.00	63.00	147	144	133	123
Cash Equivalents	-11.5%	57.00	64.00	65.00	20.00	32.00	15.00	13.00	12.00	14.00	62.00	67.00	107	68.00	74.00	67.00	62.00	59.00	87.00	86.00	74.00	75.00
Inventory	19.6%	15.00	12.00	11.00	10.00	9.00	9.00	16.00	14.00	14.00	13.00	12.00	13.00	14.00	15.00	16.00	16.00	16.00	17.00	15.00	14.00	14.00
Net PPE	1.8%	624	613	606	564	560	533	708	680	672	683	681	696	716	734	754	775	800	820	844	864	883
Current Liabilities	-4.7%	176	185	174	163	197	147	140	104	62.00	81.00	61.00	114	114	107	101	58.00	63.00	169	171	169	160
Long Term Debt	6.0%	326	307	307	182	132	262	257	247	238	287	313	336	327	330	324	356	464	402	393	374	367
LT Debt, Current	7.5%	35.00	32.00	30.00	-	-	-	-	-	-	-	-	55.00	59.00	46.00	45.00	-	-	99.00	99.00	96.00	96.00
LT Debt, Non Current	6.0%	326	307	307	182	132	262	257	247	238	287	313	336	327	330	324	356	464	402	393	374	367
Shareholder's Equity	-1.1%	379	383	315	310	315	136	329	349	365	385	412	436	423	447	470	495	407	416	393	385	359
Retained Earnings	-0.7%	-2,064	-2,049	-2,043	-2,043	-2,040	-2,034	-1,830	-1,803	-1,783	-1,759	-1,728	-1,707	-1,670	-1,648	-1,624	-1,599	-1,559	-1,521	-1,542	-1,548	-1,574
Additional Paid-In Capital	0.6%	2,439	2,424	2,352	2,346	2,346	2,155	2,153	2,152	2,147	2,144	2,143	2,142	2,097	2,095	2,094	2,092	1,970	1,941	1,940	1,938	1,937
Shares Outstanding	-0.1%	1,835	1,836	1,813	1,812	1,801	1,799	1,800	1,798	1,765	1,793	1,736	1,680	1,642	1,670	1,669	1,558	1,451	1,450	1,450	1,448	1,270
Float	-	-	-	700	-	-	-	800	-	-	-	1,200	-	-	-	200	-	-	-	292	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-77.4%	5,785	25,563	20,188	22,805	32,095	10,934	13,202	7,569	24,715	51,246	51,408	4,512	-1,472	14,828	4,254	4,605	-2,996	4,234	485	1,325	-13,848
Share Based Compensation	172.7%	11,851	4,346	2,532	3,760	6,321	2,100	1,147	1,233	3,685	858	1,096	1,090	1,977	1,417	1,228	1,280	1,560	1,384	1,665	1,091	2,777
Cashflow From Investing	-87.2%	-33,227	-17,749	-53,061	-71,575	-14,646	-2,914	-11,941	-10,451	-15,153	-18,035	-7,024	-4,974	-5,241	-4,416	-3,301	-1,578	-3,866	-2,528	-2,836	-2,261	-4,220
Cashflow From Financing	323.0%	19,891	-8,920	77,674	37,148	-162	-6,335	441	8.00	-57,557	-37,497	-84,473	39,245	292	-3,097	4,390	-421	-21,489	-171	13,930	-193	20,342
Dividend Payments	0.0%	2,673	2,674	2,644	3,951	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

GSAT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Revenue	$ 223,808,000	$ 148,504,000	$ 124,297,000
Operating expenses:
Cost of subscriber equipment sales - reduction in the value of inventory	0	8,553,000	1,004,000
Marketing, general and administrative	43,458,000	33,349,000	34,629,000
Stock-based compensation	22,489,000	10,754,000	6,729,000
Reduction in the value of long-lived assets	363,000	166,526,000	242,000
Depreciation, amortization and accretion	88,191,000	93,884,000	96,237,000
Total operating expenses	223,973,000	369,533,000	189,800,000
Loss from operations	(165,000)	(221,029,000)	(65,503,000)
Other (expense) income:
(Loss) gain on extinguishment of debt	(10,403,000)	2,790,000	3,098,000
Loss on equity issuance	(5,010,000)	0	0
Interest income and expense, net of amounts capitalized	(14,609,000)	(30,168,000)	(43,536,000)
Foreign currency gain (loss)	4,862,000	(6,592,000)	(6,308,000)
Derivative gain (loss) and other	1,730,000	(1,843,000)	(675,000)
Total other expense	(23,430,000)	(35,813,000)	(47,421,000)
Loss before income taxes	(23,595,000)	(256,842,000)	(112,924,000)
Income tax expense (benefit)	1,123,000	73,000	(299,000)
Net loss	(24,718,000)	(256,915,000)	(112,625,000)
Net loss attributable to common shareholders (Note 14)	$ (35,323,000)	$ (258,252,000)	$ (112,625,000)
Net loss per common share:
Basic (in dollars per share)	$ (0.02)	$ (0.14)	$ (0.06)
Diluted (in dollars per share)	$ (0.02)	$ (0.14)	$ (0.06)
Weighted-average shares outstanding:
Basic (in shares)	1,835,005	1,800,825	1,765,139
Diluted (in shares)	1,835,005	1,800,825	1,765,139
Service revenue
Revenue:
Revenue	$ 204,196,000	$ 132,068,000	$ 106,464,000
Operating expenses:
Cost of goods and services	53,499,000	43,370,000	37,372,000
Subscriber equipment sales
Revenue:
Revenue	19,612,000	16,436,000	17,833,000
Operating expenses:
Cost of goods and services	$ 15,973,000	$ 13,097,000	$ 13,587,000

GSAT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 56,744	$ 32,082
Accounts receivable, net of allowance for credit losses of $2,312 and $2,892, respectively	48,743	26,329
Inventory	14,582	9,264
Prepaid expenses and other current assets	22,584	13,569
Total current assets	142,653	81,244
Property and equipment, net	624,002	560,371
Operating lease right of use assets, net	34,164	30,859
Prepaid satellite costs and customer receivable	12,443	27,570
Intangible and other assets, net of accumulated amortization of $12,385 and $10,908, respectively	111,047	38,425
Total assets	924,309	738,469
Current liabilities:
Current portion of long-term debt	34,600	0
Accounts payable	2,027	3,843
Vendor financing	0	59,575
Accrued expenses	26,958	22,554
Accrued satellite construction costs	58,187	36,139
Payables to affiliates	459	326
Deferred revenue, net	53,677	74,639
Total current liabilities	175,908	197,076
Long-term debt	325,700	132,115
Operating lease liabilities	29,244	27,635
Deferred revenue, net	3,213	62,877
Other non-current liabilities	11,265	3,995
Total non-current liabilities	369,422	226,622
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	2,438,703	2,345,612
Accumulated other comprehensive income	5,070	9,242
Retained deficit	(2,064,982)	(2,040,264)
Total stockholders’ equity	378,979	314,771
Total liabilities and stockholders’ equity	924,309	738,469
Series A Perpetual Preferred Stock
Stockholders’ equity:
Preferred stock	0	0
Common Stock
Stockholders’ equity:
Common stock	$ 188	$ 181

About Globalstar Inc

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. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access company's network; and engineering and other communication services using MSS and terrestrial spectrum licenses, as well as undertakes installation of gateways and antennas. The company distributes its products through retailers, sales force, and e-commerce website. Globalstar, Inc. 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. The company was founded in 1993 and is headquartered in Covington, Louisiana.

CEO	Dr. Paul E. Jacobs Ph.D.
WEBSITE	globalstar.com
INDUSTRY	Telecom Services
EMPLOYEES	332

Globalstar Inc Frequently Asked Questions

What is the ticker symbol for Globalstar Inc? What does GSAT stand for in stocks?

GSAT is the stock ticker symbol of Globalstar Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Globalstar Inc (GSAT)?

As of Mon Apr 15 2024, market cap of Globalstar Inc is 2.42 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GSAT stock?

You can check GSAT's fair value in chart for subscribers.

What is the fair value of GSAT stock?

You can check GSAT's fair value in chart for subscribers. The fair value of Globalstar Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Globalstar Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GSAT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Globalstar Inc a good stock to buy?

The fair value guage provides a quick view whether GSAT is over valued or under valued. Whether Globalstar Inc is cheap or expensive depends on the assumptions which impact Globalstar Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GSAT.

What is Globalstar Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, GSAT's PE ratio (Price to Earnings) is -97.99 and Price to Sales (PS) ratio is 10.82. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GSAT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Globalstar Inc's stock?

In the past 10 years, Globalstar Inc has provided -0.064 (multiply by 100 for percentage) rate of return.