OverviewSuggest Edit

Globalstar is a company that provides mobile satellite and voice and data communications services globally via satellite. The company offers services over the network of in-orbit satellites and active ground stations. In addition to supporting internet of things data transmissions in a variety of applications, the company provides connectivity in areas not served or underserved by terrestrial wireless and wireline networks. Its products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT family of mobile satellite consumer products including the SPOT Satellite GPS Messenger and flexible airtime service packages. Globalstar caters to oil and gas, emergency, maritime, forestry, construction, utilities, and other industries.

TypePublic
Founded1991
HQCovington, LA, US
Websiteglobalstar.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)336(-4%)
Revenue (FY, 2019)$131.7 M(+2%)
Share Price (Jan 2021)$0.8 (-5%)
Cybersecurity ratingBMore

Key People/Management at Globalstar

David Kagan

David Kagan

Chief Executive Officer
Rebecca S. Clary

Rebecca S. Clary

Vice President & Chief Financial Officer
Tim Taylor

Tim Taylor

Vice President of Finance, Business Operations & Strategy
Wen Doong

Wen Doong

Senior Vice President of Engineering & Operations
Jim Mandala

Jim Mandala

Vice President and General Manager, International Sales, Canada and Europe
Kyle Pickens

Kyle Pickens

Vice President of Strategy and Communications
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Globalstar Office Locations

Globalstar has offices in Covington and Carrickmines
Covington, LA, US (HQ)
1351 Holiday Square Blvd
Carrickmines, IE
18 Glenamuck Rd
Show all (2)

Globalstar Financials and Metrics

Globalstar Revenue

Globalstar's revenue was reported to be $131.72 m in FY, 2019
USD

Revenue (Q3, 2020)

28.4m

Gross profit (Q3, 2020)

19.8m

Gross profit margin (Q3, 2020), %

69.8%

Market capitalization (13-Jan-2021)

1.4b

Closing stock price (13-Jan-2021)

0.8

Cash (30-Sept-2020)

19.5m

EV

1.8b
Globalstar's current market capitalization is $1.4 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

72.8m76.3m82.7m90.1m90.5m96.9m112.7m130.1m131.7m

Revenue growth, %

5%(72%)228%31%7%

Cost of goods sold

11.9m13.3m13.6m14.9m11.8m9.9m9.9m

Gross profit

60.9m63.0m69.1m75.2m78.7m87.0m102.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

19.0m18.2m16.7m20.0m20.5m19.3m19.8m22.5m20.5m24.0m23.4m21.0m23.0m23.7m21.8m25.1m25.5m24.7m28.1m30.5m28.7m33.7m35.7m30.1m31.2m38.6m32.2m27.1m28.4m

Cost of goods sold

4.0m2.9m2.7m3.7m4.0m2.9m3.6m4.1m3.1m4.3m3.8m3.1m3.0m2.9m2.2m2.9m2.4m2.1m2.8m2.9m2.2m8.6m8.6m

Gross profit

15.0m15.3m14.0m16.3m16.5m16.4m16.2m18.4m17.5m19.7m19.6m17.9m20.0m20.8m19.7m22.2m23.1m22.6m25.3m27.6m26.6m18.4m19.8m

Gross profit Margin, %

79%84%84%81%80%85%82%82%85%82%84%85%87%88%90%88%91%91%90%90%92%68%70%
Annual
USDY, 2009Y, 2010Y, 2011FY, 2011Y, 2012FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

67.9m33.0m10.0m10.0m11.8m11.8m17.4m7.1m7.5m10.2m41.6m15.2m7.6m

Accounts Receivable

12.4m13.9m15.8m14.3m14.6m13.4m17.1m19.3m21.8m

Prepaid Expenses

5.3m5.2m6.7m13.4m16.9m

Inventories

41.8m42.2m7.1m7.7m4.5m4.6m7.3m14.3m16.3m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(54.9m)(112.2m)(591.1m)(462.9m)(26.8m)(132.6m)(89.1m)(6.5m)15.3m

Depreciation and Amortization

50.0m67.3m86.1m77.2m77.4m77.5m90.4m95.8m

Inventories

4.3m(1.0m)(727.0k)(1.3m)326.0k(488.0k)50.0k(486.0k)(1.7m)

Accounts Payable

6.8m3.4m(2.6m)(1.7m)702.0k102.0k(1.1m)4.0m(173.0k)
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Globalstar Operating Metrics

Globalstar's Subscribers was reported to be 689 k in FY, 2016.
FY, 2015FY, 2016

Subscribers

688 k689 k
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Globalstar Revenue Breakdown

Embed Graph

Globalstar revenue breakdown by business segment: 85.8% from Service: and 14.2% from Subscriber equipment:

Globalstar Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Globalstar Online and Social Media Presence

Embed Graph

Globalstar News and Updates

Mobile Satellite Services (MSS) Market – Current Impact to Make Big Changes | Ericsson, Globalstar, Echostar, Iridium

Mobile Satellite Services (MSS) Comprehensive Study by End-Use Industry (Oil & Gas, Media & Entertainment, Mining, Military & Defense, Aviation, Government (Disaster Management), Transportation (Land, Rail, Marine), Automotive, Others), Service (Data Service, Voice Service), Access Type …

Globalstar refinancing ends liquidity crisis

Globalstar executives on Dec. 2 said the recent refinancing of its $342 million debt and new loans secured with help from EchoStar ensures sufficient cash flow through 2025.  SpaceNews.com

Globalstar borrows $199M with EchoStar’s help • Measat buys Ariane 5 launch

Globalstar is borrowing $199 million through a loan arranged by its controlling shareholder Thermo and fleet operator EchoStar. SpaceNews.com

Isotropic, Avanti test antenna • Atlas Space to link Aevum launches • Globalstar, Nokia partner on African connectivity

Isotropic Systems has completed two-way communications tests of its electronically steered antenna using Avanti’s Hylas-4 satellite. SpaceNews.com

Telstra-NBN combo ruled out • Aireon launches free emergency service • Globalstar buys IP from supplier

Australia’s competition watchdog agency ruled out the idea of Telstra buying the National Broadband Network. SpaceNews.com

Satellite Telephone Market to Witness Huge Growth by Key Players: Inmarsat, Iridium, Globalstar, TerreStar, Thuraya

Global Satellite Telephone Market Research Report 2018 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Globalstar Frequently Asked Questions

  • When was Globalstar founded?

    Globalstar was founded in 1991.

  • Who are Globalstar key executives?

    Globalstar's key executives are David Kagan, Rebecca S. Clary and Tim Taylor.

  • How many employees does Globalstar have?

    Globalstar has 336 employees.

  • What is Globalstar revenue?

    Latest Globalstar annual revenue is $131.7 m.

  • What is Globalstar revenue per employee?

    Latest Globalstar revenue per employee is $392 k.

  • Who are Globalstar competitors?

    Competitors of Globalstar include Inmarsat, Iridium Communications and ORBCOMM.

  • Where is Globalstar headquarters?

    Globalstar headquarters is located at 1351 Holiday Square Blvd, Covington.

  • Where are Globalstar offices?

    Globalstar has offices in Covington and Carrickmines.

  • How many offices does Globalstar have?

    Globalstar has 2 offices.