OverviewSuggest Edit
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 | |
| Founded | 1991 | |
| HQ | Covington, US | Map |
| Website | globalstar.com | |
| Employee Ratings | More |
Recent NewsAll News
- Globalstar refinancing ends liquidity crisis
- Globalstar borrows $199M with EchoStar’s help • Measat buys Ariane 5 launch
- Isotropic, Avanti test antenna • Atlas Space to link Aevum launches • Globalstar, Nokia partner on African connectivity
- Telstra-NBN combo ruled out • Aireon launches free emergency service • Globalstar buys IP from supplier
Key People/Management at Globalstar
L. Barbee Ponder
General Counsel and Vice President of Regulatory Affairs
Rebecca S. Clary
Vice President & Chief Financial Officer
Tim Taylor
Vice President of Finance, Business Operations & Strategy
Wen Doong
Senior Vice President of Engineering & Operations
Kyle Pickens
Vice President of Strategy and Communications
James Kilfeather
Vice President, Emerging Technologies
Globalstar Office Locations
Globalstar has offices in Covington, Dublin 18 and Portarlington
Covington, US (HQ)
300 Holiday Square Blvd
Dublin 18, IE
9, The Hyde Building,, The Park, Carrickmines
Portarlington, IE
Canal House, Station Rd, Cooltederry
Globalstar Financials and Metrics
Globalstar Revenue
Globalstar's revenue was reported to be $130.11 m in FY, 2018
| USD | |
|---|---|
Revenue (Q3, 2019) | 38.6m |
Net income (Q3, 2019) | 21.1m |
EBIT (Q3, 2019) | (12.0m) |
Market capitalization (6-Dec-2019) | 661.8m |
Closing stock price (6-Dec-2019) | 0.5 |
Cash (30-Sept-2019) | 26.2m |
EV | 734.4m |
Globalstar's current market capitalization is $661.8 m.
- Source: Company Filings, SEC Filings
Annual
Quarterly
| USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 19.0m | 18.2m | 16.7m | 20.0m | 20.5m | 19.3m | 19.8m | 22.5m | 20.5m | 24.0m | 23.4m | 21.0m | 23.0m | 23.7m | 21.8m | 25.1m | 25.5m | 24.7m | 28.1m | 30.5m | 28.7m | 33.7m | 35.7m | 30.1m | 31.2m | 38.6m |
Cost of goods sold | 4.0m | 2.9m | 2.7m | 3.7m | 4.0m | 2.9m | 3.6m | 4.1m | 3.1m | 4.3m | 3.8m | 3.1m | 3.0m | 2.9m | 2.2m | 2.9m | 2.4m | 2.1m | 2.8m | 2.9m | 2.2m | |||||
Gross profit | 15.0m | 15.3m | 14.0m | 16.3m | 16.5m | 16.4m | 16.2m | 18.4m | 17.5m | 19.7m | 19.6m | 17.9m | 20.0m | 20.8m | 19.7m | 22.2m | 23.1m | 22.6m | 25.3m | 27.6m | 26.6m | |||||
Gross profit Margin, % | 79% | 84% | 84% | 81% | 80% | 85% | 82% | 82% | 85% | 82% | 84% | 85% | 87% | 88% | 90% | 88% | 91% | 91% | 90% | 90% | 92% |
- Source: Company Filings, SEC Filings
Annual
Quarterly
| USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 24.1m | 6.1m | 7.7m | 4.8m | 1.2m | 1.3m | 6.2m | 6.6m | 19.6m | 23.8m | 27.2m | 13.7m | 12.9m | 28.0m | 11.9m | 11.3m | 12.9m | 23.5m | 8.8m | 16.2m | 48.8m | 12.8m | 20.5m | 13.8m | 25.1m | 26.2m |
Accounts Receivable | 15.4m | 13.2m | 12.0m | 11.8m | 13.6m | 14.4m | 14.9m | 16.4m | 15.9m | 16.8m | 16.2m | 15.3m | 16.7m | 14.1m | 14.4m | 16.2m | 16.6m | 12.9m | 15.4m | 17.6m | 17.2m | 19.9m | 20.5m | 20.0m | 22.4m | 20.9m |
Prepaid Expenses | 14.7m | 7.0m | 5.1m | 13.0m | 5.8m | 5.3m | 6.4m | 7.6m | 7.4m | 6.9m | 7.5m | 7.3m | 7.7m | 5.7m | 4.4m | 5.0m | 5.6m | 4.8m | 5.2m | 5.7m | 6.5m | 8.9m | 8.8m | 24.4m | 20.3m | 20.9m |
Inventories | 55.7m | 50.0m | 41.2m | 41.2m | 43.0m | 39.8m | 38.1m | 37.5m | 29.5m | 28.6m | 29.3m | 13.6m | 12.0m | 12.1m | 11.4m | 9.7m | 9.7m | 8.9m | 8.8m | 8.5m | 7.7m | 7.7m | 13.1m | 14.4m | 14.8m | 17.2m |
- Source: Company Filings, SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|---|---|---|
Net Income | (54.9m) | (112.2m) | (591.1m) | (462.9m) | (26.8m) | (132.6m) | (89.1m) | (6.5m) |
Depreciation and Amortization | 50.0m | 67.3m | 86.1m | 77.2m | 77.4m | 77.5m | 90.4m | |
Inventories | 4.3m | (1.0m) | (727.0k) | (1.3m) | 326.0k | (488.0k) | 50.0k | (486.0k) |
Accounts Payable | 6.8m | 3.4m | (2.6m) | (1.7m) | 702.0k | 102.0k | (1.1m) | 4.0m |
Quarterly
| USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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) | 75.0m | 99.1m | (26.9m) | (12.8m) | (15.4m) | (20.2m) | (118.9m) | (66.5m) | 87.9m | 80.9m | 89.9m | 25.8m | 32.0m | 53.1m |
Depreciation and Amortization | 23.4m | 35.5m | 14.7m | 29.6m | 47.5m | 19.9m | 41.7m | 66.1m | 23.3m | 45.3m | 66.4m | 19.0m | 38.3m | 57.7m | 19.2m | 38.4m | 57.8m | 19.3m | 38.6m | 58.0m | 19.2m | 41.8m | 66.6m | 23.8m | 47.7m | 71.7m |
Inventories | 964.0k | 3.2m | 756.0k | 317.0k | (240.0k) | 2.1m | 3.5m | 4.3m | 2.1m | 3.5m | 4.4m | 794.0k | 2.6m | 2.0m | 1.2m | 2.9m | 3.0m | (320.0k) | (622.0k) | (282.0k) | (403.0k) | (624.0k) | 1.4m | (107.0k) | (1.8m) | (4.3m) |
Accounts Payable | 711.0k | (703.0k) | (5.7m) | (933.0k) | 360.0k | 4.0m | (106.0k) | 4.6m | 2.9m | (2.2m) | 1.3m | 3.6m | (63.0k) | 4.5m | 1.6m | (1.5m) | 2.7m | 2.1m | 529.0k | 4.0m | 5.4m | 4.3m | 12.4m | 9.1m | 4.3m | 9.0m |
- Source: Company Filings, SEC Filings
| USD | Y, 2019 |
|---|---|
EV/EBIT | -61.2 x |
EV/CFO | 121.5 x |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 2.5 x |
Globalstar Operating Metrics
Globalstar's Subscribers was reported to be 689 k in FY, 2016.
| FY, 2015 | FY, 2016 | |
|---|---|---|
Subscribers | 688 k | 689 k |
Globalstar Revenue Breakdown
Globalstar revenue breakdown by business segment: 85.8% from Service: and 14.2% from Subscriber equipment:
Globalstar Online and Social Media Presence
4.33k Twitter followers
Globalstar has 4.33k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.7% quarter over quarter
Globalstar's Trends
Globalstar News and Updates
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
December 27, 2018
Satellite Machine-to-Machine (M2M) Communications Market 2018 Global Analysis By Key Players – General Electric Company, Geotab, Globalstar, Honeywell International, Hughes Network Systems
WiseGuyReports.Com Publish a New Market Research Report On –“ Satellite Machine-to-Machine (M2M) Communications Market 2018 Global Analysis By Key Players – General Electric Company, Geotab, Globalstar, Honeywell International, Hughes Network Systems”. Posted via Industry Today. Follow us on Twitter…
December 13, 2018
Satellite Telephone Market to Witness Huge Growth by Key Players: Inmarsat, Iridium, Globalstar, TerreStar, Thuraya
Global Satellite Telephone Market Research Report 2018 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. Posted via Industry Today. Follow us on Twitter @IndustryToday
Globalstar Frequently Asked Questions
When was Globalstar founded?
Globalstar was founded in 1991.
Who are Globalstar key executives?
Globalstar's key executives are L. Barbee Ponder, Rebecca S. Clary and Tim Taylor.
How many employees does Globalstar have?
Globalstar has 353 employees.
What is Globalstar revenue?
Latest Globalstar annual revenue is $130.1 m.
What is Globalstar revenue per employee?
Latest Globalstar revenue per employee is $368.6 k.
Who are Globalstar competitors?
Competitors of Globalstar include ORBCOMM, KVH Industries and Ticra.
Where is Globalstar headquarters?
Globalstar headquarters is located at 300 Holiday Square Blvd, Covington.
Where are Globalstar offices?
Globalstar has offices in Covington, Dublin 18 and Portarlington.
How many offices does Globalstar have?
Globalstar has 3 offices.
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