Globalstar

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, USMap
Websiteglobalstar.com
Employee Ratings3.6More
Overall CultureCMore
View Jobs (6)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)336(-4%)
Job Openings6
Revenue (FY, 2020)$128.5 M(-2%)
Share Price (Jul 2021)$1.5(-4%)
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 Dublin 18
Covington, LA, US (HQ)
1351 Holiday Square Blvd
Dublin 18, IE
The Park
Show all (2)

Globalstar Financials and Metrics

Globalstar Revenue

Globalstar's revenue was reported to be $128.49 m in FY, 2020
USD

Revenue (FY, 2020)

128.5m

Net income (FY, 2020)

(109.6m)

EBIT (FY, 2020)

(59.2m)

Market capitalization (22-Jul-2021)

2.6b

Closing stock price (22-Jul-2021)

1.5

Cash (31-Dec-2020)

13.3m

EV

3.0b
Globalstar's current market capitalization is $2.6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

72.8m76.3m82.7m90.1m90.5m96.9m112.7m130.1m131.7m128.5m

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%
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Annual
USDY, 2009Y, 2010Y, 2011FY, 2011Y, 2012FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

67.9m33.0m10.0m10.0m11.8m11.8m17.4m7.1m7.5m10.2m41.6m15.2m7.6m13.3m

Accounts Receivable

12.4m13.9m15.8m14.3m14.6m13.4m17.1m19.3m21.8m22.1m

Prepaid Expenses

5.3m5.2m6.7m13.4m16.9m15.6m

Inventories

41.8m42.2m7.1m7.7m4.5m4.6m7.3m14.3m16.3m13.7m
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

Cash

24.1m6.1m7.7m4.8m1.2m1.3m6.2m6.6m19.6m23.8m27.2m13.7m12.9m28.0m11.9m11.3m12.9m23.5m8.8m16.2m48.8m12.8m20.5m13.8m25.1m26.2m10.5m12.1m19.5m

Accounts Receivable

15.4m13.2m12.0m11.8m13.6m14.4m14.9m16.4m15.9m16.8m16.2m15.3m16.7m14.1m14.4m16.2m16.6m12.9m15.4m17.6m17.2m19.9m20.5m20.0m22.4m20.9m21.5m19.8m21.4m

Prepaid Expenses

14.7m7.0m5.1m13.0m5.8m5.3m6.4m7.6m7.4m6.9m7.5m7.3m7.7m5.7m4.4m5.0m5.6m4.8m5.2m5.7m6.5m8.9m8.8m24.4m20.3m20.9m13.1m14.0m13.4m

Inventories

55.7m50.0m41.2m41.2m43.0m39.8m38.1m37.5m29.5m28.6m29.3m13.6m12.0m12.1m11.4m9.7m9.7m8.9m8.8m8.5m7.7m7.7m13.1m14.4m14.8m17.2m16.0m15.7m15.4m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(54.9m)(112.2m)(591.1m)(462.9m)(26.8m)(132.6m)(89.1m)(6.5m)15.3m(109.6m)

Depreciation and Amortization

50.0m67.3m86.1m77.2m77.4m77.5m90.4m95.8m96.8m

Inventories

4.3m(1.0m)(727.0k)(1.3m)326.0k(488.0k)50.0k(486.0k)(1.7m)2.2m

Accounts Payable

6.8m3.4m(2.6m)(1.7m)702.0k102.0k(1.1m)4.0m(173.0k)(197.0k)
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

Net Income

(20.5m)(21.2m)(24.5m)(52.1m)(93.2m)(25.1m)(151.3m)(356.3m)(250.5m)(684.3m)(554.9m)(129.7m)75.0m99.1m(26.9m)(12.8m)(15.4m)(20.2m)(118.9m)(66.5m)87.9m80.9m89.9m25.8m32.0m53.1m(38.2m)(63.0m)(87.9m)

Depreciation and Amortization

23.4m35.5m14.7m29.6m47.5m19.9m41.7m66.1m23.3m45.3m66.4m19.0m38.3m57.7m19.2m38.4m57.8m19.3m38.6m58.0m19.2m41.8m66.6m23.8m47.7m71.7m23.8m47.7m72.4m

Inventories

964.0k3.2m756.0k317.0k(240.0k)2.1m3.5m4.3m2.1m3.5m4.4m794.0k2.6m2.0m1.2m2.9m3.0m(320.0k)(622.0k)(282.0k)(403.0k)(624.0k)1.4m(107.0k)(1.8m)(4.3m)174.0k536.0k880.0k

Accounts Payable

711.0k(703.0k)(5.7m)(933.0k)360.0k4.0m(106.0k)4.6m2.9m(2.2m)1.3m3.6m(63.0k)4.5m1.6m(1.5m)2.7m2.1m529.0k4.0m5.4m4.3m12.4m9.1m4.3m9.0m(1.6m)(3.8m)261.0k
show all
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:

Globalstar Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
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Globalstar Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Globalstar Online and Social Media Presence

Globalstar's Trends

Embed Graph

Globalstar Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    F

    35/100

  • Compensation

    A+

    97/100

Learn more on Comparably

Globalstar News and Updates

June 23, 2021

Thinking about buying stock in Acasti Pharma, Globalstar, ContextLogic, Atossa Therapeutics, or Ideanomics?

NEW YORK, June 23, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACST, GSAT, WISH, ATOS, and IDEX. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
August 06, 2020

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 …
December 03, 2019

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
November 27, 2019

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
November 13, 2019

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
July 10, 2019

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
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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 $128.5 m.

  • What is Globalstar revenue per employee?

    Latest Globalstar revenue per employee is $382.4 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 Dublin 18.

  • How many offices does Globalstar have?

    Globalstar has 2 offices.