Globalstar
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Globalstar

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    • Mobile & Telecommunicationsrouters & switchessatellitetelecommunications
    Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's 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. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational consumers. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
    Revenue(FY, 2016)
    $96.9 M
    Market capitalization(2018-09-20)
    $669.9 M
    Subscribers(FY, 2016)
    689 K
    TypePublic
    HQCovington, US
    Founded1991
    Size (employees)344 (est)
    Websiteglobalstar.com
    Globalstar was founded in 1991 and is headquartered in Covington, US
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    Globalstar Office Locations

    Globalstar has an office in Covington
    Covington, US (HQ)
    300 Holiday Square Blvd
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    Globalstar Financials and Metrics

    Globalstar Revenue

    Globalstar's revenue was reported to be $96.86 m in FY, 2016 which is a 7% increase from the previous period.
    USD

    Revenue (Q2, 2018)

    		62.5 m

    Gross profit (Q2, 2018)

    		43.9 m

    Gross profit margin (Q2, 2018), %

    		70.3%

    Net income (Q2, 2018)

    		80.9 m

    EBIT (Q2, 2018)

    		(11 m)

    Market capitalization (20-Sep-2018)

    		669.9 m

    Closing stock price (20-Sep-2018)

    		0.5

    Cash (30-Jun-2018)

    		12.8 m

    EV

    		744.8 m
    Globalstar's current market capitalization is $669.9 m.
    Annual
    USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

    Revenue

    		72.8 m76.3 m21 m68.8 m90.5 m96.9 m

    Revenue growth, %

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

    Cost of goods sold

    		11.9 m13.3 m13.6 m

    Gross profit

    		60.9 m63 m7.4 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Revenue

    		22.5 m20.5 m24 m23.4 m21 m23 m23.7 m21.8 m25.1 m25.5 m24.7 m28.1 m28.7 m62.5 m

    Cost of goods sold

    		8.2 m6.9 m7.1 m7.9 m7.4 m8 m7.8 m7.6 m7.9 m8.4 m9 m9 m9 m18.6 m

    Gross profit

    		14.4 m13.6 m16.9 m15.6 m13.6 m15 m15.9 m14.2 m17.1 m17.2 m15.7 m19.1 m19.7 m43.9 m

    Gross profit Margin, %

    		64%66%70%66%65%65%67%65%68%67%64%68%69%70%
    show all
    Annual
    usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

    Cash

    		67.9 m33 m10 m11.8 m17.4 m7.1 m7.5 m10.2 m

    Accounts Receivable

    		15.8 m14.3 m14.6 m13.4 m

    Inventories

    		7.1 m7.7 m4.5 m4.6 m

    Current Assets

    		81.4 m44.8 m38.5 m38.1 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Cash

    		6.6 m19.6 m23.8 m27.2 m13.7 m12.9 m28 m11.9 m11.3 m12.9 m23.5 m8.8 m48.8 m12.8 m

    Inventories

    		37.5 m29.5 m28.6 m29.3 m13.6 m12 m12.1 m11.4 m9.7 m9.7 m8.9 m8.8 m7.7 m7.7 m

    Current Assets

    		68.2 m81.8 m78.4 m80.4 m49.8 m49.2 m59.8 m42.1 m42.2 m44.8 m50.1 m38.2 m144.1 m102 m

    PP&E

    		1.2 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1 b1 b1 b958.1 m935 m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    		(591.1 m)(462.9 m)(26.8 m)(132.6 m)

    Depreciation and Amortization

    		86.1 m77.2 m77.4 m

    Inventories

    		(727 k)(1.3 m)326 k(488 k)

    Accounts Payable

    		(2.6 m)(1.7 m)702 k102 k
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

    Net Income

    		(205 m)(250.5 m)(433.7 m)129.4 m(129.7 m)204.8 m24.1 m(26.9 m)14.1 m(2.6 m)(20.2 m)87.9 m80.9 m

    Depreciation and Amortization

    		19 m19.2 m41.8 m

    Inventories

    		12 m12.1 m11.4 m9.7 m9.7 m8.9 m(403 k)(624 k)

    Accounts Payable

    		5.5 m9.7 m6.1 m6 m6.6 m6.2 m5.4 m4.3 m
    show all
    USDY, 2018

    EV/EBIT

    		-67.7 x

    EV/CFO

    		95.4 x

    Financial Leverage

    		2.8 x
    Show all financial metrics

    Globalstar Operating Metrics

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

    Subscribers

    		688 k689 k
    Show all operating metrics

    Globalstar Revenue Breakdown

    Embed Graph

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

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    Competitors

    ORBCOMM
    Mobile & Telecommunications - Public
    KVH Industries
    Manufacturing & Industrial - Public
    Ligado Networks
    Mobile & Telecommunications - Private
    Phasor Solutions
    Mobile & Telecommunications - Private
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    Globalstar Online and Social Media Presence

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    Globalstar News and Updates

    September 18, 2018

    Satellite Telephones Market 2018 Global Analysis By Key Players – Inmarsat, Iridium, Thuraya, Globalstar, TerreStar

    WiseGuyReports.Com Publish a New Market Research Report On –“ Global Satellite Telephones Market Size, Status and Forecast 2018-2025”. Posted via Industry Today. Follow us on Twitter @IndustryToday
    September 04, 2018

    Jay Monroe drops Globalstar CEO position to focus on spectrum

    Jay Monroe, CEO of low-Earth-orbit-satellite operator Globalstar for the past 13 years, is leaving his position, but not the company, following a failed merger with another company he controls. SpaceNews.com
    August 02, 2018

    Mudrick Capital Management Announces Termination of Globalstar's Merger with Thermo Acquisitions; Selendy & Gay PLLC Serves as Lead Counsel to Mudrick

    NEW YORK, Aug. 2, 2018 /PRNewswire/ -- Mudrick Capital Management, L.P., the largest independent shareholder in Globalstar, Inc. (NYSE American: GSAT), announced yesterday that Globalstar has just terminated its unfair merger agreement to acquire FiberLight and several other assets owned...
    August 01, 2018

    FIRST UP Satcom | Globalstar scraps FiberLight merger • Intelsat finds new Ariane 5 co-passenger • Nigerian companies critique NigComSat

    FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals. SpaceNews.com
    July 30, 2018

    Secret Recording, Stricken Stock Stoke Hedge Fund's Deal Dispute

    Secret Recording, Stricken Stock Stoke Hedge Fund's Deal Dispute
    June 13, 2018

    KT Sat eyes North Korean business • Outdoor Wi-Fi interfering with Globalstar constellation • Viasat buys British defense company

    To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here. SpaceNews.com
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    Globalstar Company Life and Culture

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