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.
Covington, US
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 Revenue

Globalstar's revenue was reported to be $96.86 m in FY, 2016 which is a 7% increase from the previous period.

Revenue (Q1, 2018)

28.7 m

Gross profit (Q1, 2018)

19.7 m

Gross profit margin (Q1, 2018), %


Net income (Q1, 2018)

87.9 m

EBIT (Q1, 2018)

(13 m)

Market capitalization (11-Jul-2018)

586.5 m

Closing share price (11-Jul-2018)


Cash (31-Mar-2018)

48.8 m


616.9 m
Globalstar's current market capitalization is $586.5 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


72.8 m76.3 m21 m68.8 m90.5 m96.9 m

Revenue growth, %


Cost of goods sold

11.9 m13.3 m13.6 m

Gross profit

60.9 m63 m7.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018


22.5 m20.5 m24 m23.4 m21 m23 m23.7 m21.8 m25.1 m25.5 m24.7 m28.1 m28.7 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 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 m19.7 m

Gross profit Margin, %

usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016


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


7.1 m7.7 m4.5 m4.6 m

Current Assets

81.4 m44.8 m38.5 m38.1 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018


6.6 m19.6 m23.8 m27.2 m13.7 m12.9 m28 m11.9 m11.3 m12.9 m23.5 m8.8 m48.8 m


37.5 m29.5 m28.6 m29.3 m13.6 m12 m12.1 m11.4 m9.7 m9.7 m8.9 m8.8 m7.7 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 m144.1 m


1.2 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1 b1 b1 b958.1 m
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


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

Accounts Payable

(2.6 m)(1.7 m)702 k102 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

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)87.9 m

Depreciation and Amortization

19 m19.2 m


12 m12.1 m11.4 m9.7 m9.7 m8.9 m(403 k)

Accounts Payable

5.5 m9.7 m6.1 m6 m6.6 m6.2 m5.4 m
USDY, 2018


-47.6 x


62.7 x

Financial Leverage

2.9 x
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Globalstar Operating Metrics

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


688 k689 k
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Globalstar Revenue Breakdown

Embed Graph

Globalstar revenue breakdown by business segment: 85.8% from Service: and 14.2% from Subscriber equipment:

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Globalstar Online and Social Media Presence

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Globalstar News and Updates

KT Sat eyes North Korean business • Outdoor Wi-Fi interfering with Globalstar constellation • Viasat buys British defense company

To receive FIRST UP Satcom, a weekly SpaceNews newsletter for satellite and telecom professionals, sign up here.

After Nearly 2 Decades in Silicon Valley, This Entrepreneur Has a Message for Young Leaders

If he could tell entrepreneurs anything, he'd start with this.

Mudrick Capital sues Globalstar over merger with FiberLight

May 17 (Reuters) - Mudrick Capital Management LP on Thursday filed a lawsuit against satellite communications company Globalstar Inc over its proposed merger with FiberLight LLC, stating that the terms of the deal valued at $1.65 billion are "wildly unfair."

Globalstar merging with FiberLight for $1.65 billion

Thermo Capital, owner of Globalstar, is merging the satellite operator with a landline company it owns in a $1.65 billion deal intended to help pay off Globalstar’s debts.

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.
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Globalstar Company Life and Culture

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