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Globalstar

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(Q1, 2017)
$24.7 M
Market capitalization(2017-08-17)
$2.2 B
Subscribers(FY, 2016)
689 K
Company Growth (employees)
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

Globalstar Office Locations

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

Globalstar Data and Metrics

Globalstar Financial Metrics

Globalstar's revenue was reported to be $24.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

24.7 m

Gross profit (Q1, 2017)

15.7 m

Gross profit margin (Q1, 2017), %

64%

Net income (Q1, 2017)

(20.2 m)

EBIT (Q1, 2017)

(15.2 m)

Market capitalization (17-Aug-2017)

2.2 b

Cash (31-Mar-2017)

23.5 m
Globalstar's current market capitalization is $2.2 b.
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

Gross profit Margin, %

84%83%35%

Operating expense total

186 m157.1 m160.5 m

EBIT

(95.9 m)(66.6 m)(63.7 m)

EBIT margin, %

(139%)(74%)(66%)

Income tax expense

(109 k)413 k1.1 m881 k1.4 m6.5 m

Net Income

(591.1 m)(462.9 m)72.3 m(132.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

24 m23.4 m21 m23 m23.7 m21.8 m25.1 m25.5 m24.7 m

Cost of goods sold

7.1 m7.9 m7.4 m8 m7.8 m7.6 m7.9 m8.4 m9 m

Gross profit

16.9 m15.6 m13.6 m15 m15.9 m14.2 m17.1 m17.2 m15.7 m

Gross profit Margin, %

70%66%65%65%67%65%68%67%64%

EBIT

(25 m)(18.1 m)(17.2 m)(17.4 m)(16.1 m)(15.7 m)(16.4 m)(14.8 m)(15.2 m)

EBIT margin, %

(104%)(77%)(82%)(76%)(68%)(72%)(65%)(58%)(62%)

Pre tax profit

(432.8 m)129.5 m(129.5 m)204.9 m24.2 m(26.8 m)13.6 m(8.9 m)(20.1 m)

Net Income

(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)
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

PP&E

1.2 b1.1 b1.1 b1 b

Total Assets

1.4 b1.3 b1.2 b1.1 b

Accounts Payable

1.3 m1.6 m8.7 m7.5 m

Total Debt

75.8 m

Current Liabilities

140 m79.2 m107 m172.5 m

Non-Current Liabilities

1.1 b1.1 b888.8 m798.3 m

Total Liabilities

1.3 b1.2 b995.8 m970.8 m

Common Stock

85 k

Additional Paid-in Capital

1.1 b1.5 b1.6 b1.6 b

Retained Earnings

(959 m)(1.4 b)(1.3 b)(1.5 b)

Total Equity

116.8 m237.1 m161.8 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.1 x

Financial Leverage

11.8 x5.2 x7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

23.8 m27.2 m13.7 m12.9 m28 m11.9 m11.3 m12.9 m23.5 m

Inventories

28.6 m29.3 m13.6 m12 m12.1 m11.4 m9.7 m9.7 m8.9 m

Current Assets

78.4 m80.4 m49.8 m49.2 m59.8 m42.1 m42.2 m44.8 m50.1 m

PP&E

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1 b1 b

Total Assets

1.3 b1.3 b1.3 b1.3 b1.3 b1.2 b1.2 b1.1 b1.1 b

Accounts Payable

5.5 m9.7 m6.1 m6 m6.6 m6.2 m

Current Liabilities

87.3 m90.2 m79 m90.2 m103.6 m110.9 m116 m120 m176.1 m

Non-Current Liabilities

1.4 b1.2 b1.2 b946.3 m900.6 m839.4 m784.6 m774.1 m802.4 m

Additional Paid-in Capital

1.4 b1.5 b1.5 b1.6 b1.6 b1.6 b1.6 b1.6 b1.7 b

Retained Earnings

(1.6 b)(1.5 b)(1.6 b)(1.3 b)(1.3 b)(1.4 b)(1.4 b)(1.4 b)(1.5 b)

Total Equity

223.8 m263.1 m216.9 m256.1 m254.7 m155.4 m

Financial Leverage

5.6 x4.8 x5.4 x4.5 x4.5 x7.3 x
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

Accounts Receivable

(4.3 m)(2.2 m)(3.5 m)(2.2 m)

Inventories

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

Accounts Payable

(2.6 m)(1.7 m)702 k102 k

Cash From Operating Activities

(6.5 m)(10.3 m)355 k8.8 m

Cash From Investing Activities

(37.1 m)(19.3 m)(33.5 m)(24.6 m)

Cash From Financing Activities

49 m5.3 m33.3 m18.5 m

Interest Paid

20.2 m19.7 m21.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(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
USDY, 2017

Revenue/Employee

71.7 k

Financial Leverage

7.3 x

Globalstar Operating Metrics

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

Subscribers

688 k689 k

Globalstar Market Value History

Globalstar Revenue Breakdown

Globalstar Median Salaries

Source: 26 public H-1B filings from Globalstar

Market Position of Globalstar

Competitors

Eutelsat
Communications - Public
SES
Communications - Public
Kacific
Communications - Private
Kepler Communications
Communications - Private
Compare competitors

Traffic Overview of Globalstar

Globalstar Online and Social Media Presence

Globalstar Company Life and Culture

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