Globalstar
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Globalstar

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    • Communicationsrouters & 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(2018-04-18)
    $882.6 M
    Subscribers(FY, 2016)
    689 K
    Type
    Public
    HQ
    Covington, US
    Founded
    1991
    Size (employees)
    344 (est)
    Website
    globalstar.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
    Show all (1)
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    Globalstar Financials and Metrics

    Globalstar Financials

    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, 2017)

    		28.1 m

    Gross profit (Q2, 2017)

    		19.1 m

    Gross profit margin (Q2, 2017), %

    		67.9%

    Net income (Q2, 2017)

    		(98.7 m)

    EBIT (Q2, 2017)

    		(12.5 m)

    Market capitalization (18-Apr-2018)

    		882.6 m

    Cash (30-Jun-2017)

    		8.8 m

    EV

    		982.5 m
    Globalstar's current market capitalization is $882.6 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, 2017

    Revenue

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

    Gross profit Margin, %

    		64%66%70%66%65%65%67%65%68%67%64%68%
    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, 2017

    Cash

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

    PP&E

    		1.2 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1 b1 b1 b
    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, 2017

    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)

    Depreciation and Amortization

    		19 m

    Inventories

    		12 m12.1 m11.4 m9.7 m9.7 m8.9 m

    Accounts Payable

    		5.5 m9.7 m6.1 m6 m6.6 m6.2 m
    show all
    USDY, 2017

    EV/EBIT

    		-78.5 x

    Financial Leverage

    		12.1 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
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    Competitors

    Goonhilly Earth Station
    Communications - Private
    Kacific
    Communications - Private
    Eutelsat
    Communications - Public
    SES
    Communications - Public
    Compare competitors

    Globalstar News and Updates

    April 12, 2018

    Bullish Globalstar investor offers $150 million loan to offset operator’s financial troubles

    An investor in Globalstar is ready to put $150 million into the low-Earth-orbit satellite operator in the company’s stock should be trading at five times current prices. SpaceNews.com
    January 22, 2018

    Greg Ewert, President, Connected Car & Intelligent Transport Systems, Globalstar confirmed for Connected Car Detroit

    Greg Ewert, President, Connected Car & Intelligent Transport Systems, Globalstar has been confirmed as a speaker at Connected Car Detroit in the connectivity session. About Connected Car Detroit Organised by Automotive Megatrends, Connected Car Detroit is a one-day multi-track conference and tec…
    November 16, 2017

    Satellite Telephones Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

    Satellite Telephones Market report categorizes global market on the basis of product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024 Posted via Industry Today. Follow us on Twitter @IndustryToday
    October 31, 2017

    Strong Network Infrastructure in Mission Critical Applications is the Prominent Factor Driving Growth of the Satellite Telephones Market

    Satellite Telephones Market report categorizes global market on the basis of product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024 Posted via Industry Today. Follow us on Twitter @IndustryToday
    October 24, 2017

    Satellite Telephones Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

    Satellite Telephones Market report categorizes global market on the basis of product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024 Posted via Industry Today. Follow us on Twitter @IndustryToday
    October 12, 2017

    Global Wifi Hotspot Market: Industry Size, Growth, Analysis And Forecast of 2022

    Global WiFi Hotspot market is accounted for $1.5 billion in 2015 and is expected to reach $4.9 billion by 2022 growing at a CAGR of 18.4% from 2015 to 2022 Posted via Industry Today. Follow us on Twitter @IndustryToday
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