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.
Type
Public
HQ
Covington, US
Founded
1991
Size (employees)
344 (est)
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 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%
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
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
USDY, 2017

EV/EBIT

-78.5 x

Financial Leverage

12.1 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 News and Updates

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

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…

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