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.
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%
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
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
USDY, 2018

EV/EBIT

-67.7 x

EV/CFO

95.4 x

Financial Leverage

2.8 x
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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

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

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Globalstar Online and Social Media Presence

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Globalstar News and Updates

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

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

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...

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

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

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

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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