Globalstar Q4 revenues beat expectations and increase year over year, driven by growth in service revenues. For 2025, it expects revenues of $260-$285 million.
Globalstar, Inc. (NASDAQ:GSAT ) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Rebecca Clary - VP & CFO Paul Jacobs - CEO & Director Conference Call Participants Mike Crawford - B. Riley Securities Simon Flannery - Morgan Stanley Walter Piecyk - LightShed Partners Chris Quilty - Quilty Space Lyman Delano - Beck, Mack & Oliver George Sutton - Craig-Hallum Operator Good day, and thank you for standing by.
GSAT's RM200M module is the first satellite module to feature integrated GNSS, Bluetooth, an accelerometer and an application processor.
GSAT's Q4 2024 performance is likely to have been driven by continued momentum across Service and Subscriber equipment revenue segments.
Globalstar: D2D Concerns Are A Distraction
The Zacks Satellite and Communication industry participants like Globalstar (GSAT), Gilat (GILT) and Telesat (TSAT) are well-poised to gain from increasing proliferation and cheaper access to space technology.
Globalstar, a satellite and communications services provider, debuted on the Nasdaq Tuesday morning after delisting from the New York Stock Exchange. CEO Paul Jacobs joined CNBC's Squawk Box to discuss the company's latest investments in satellite connectivity.
Paul Jacobs, Globalstar CEO and Sacramento Kings minority owner and vice chairman, joins 'Squawk Box' to discuss the move from the NYSE to Nasdaq, state of satellite connectivity on smartphones, impact of AI in the communications sector, valuations in the NBA, his thoughts on the Luka Doncic trade, and more.
If you caught last night's football game, perhaps you noticed the multiple advertisements run by T-Mobile US (TMUS 2.59%) touting the company's offer to let anyone in the U.S. -- not just its own customers -- participate in its new direct-to-cell (DTC) collaboration with SpaceX's Starlink service.
AST SpaceMobile (ASTS -11.52%) stock crashed to Earth on Wednesday, falling 9.3% through 9:55 a.m. ET, while rival satellite company Globalstar (GSAT -20.94%) lost a staggering 27% of its market cap.
Globalstar's partnership with Apple cements Globalstar as a leader in the sector. Band n53 is potentially worth $6-$13.8 billion, highlighting Globalstar's significant undervaluation compared to its current market cap. The IoT segment offers high-margin growth opportunities with minimal additional CapEx, supported by increasing demand for remote asset monitoring.
Globalstar and Peiker Holding Gmbh team up to integrate satellite-based emergency services and telematics features into vehicles.