Globalstar, Inc. (NASDAQ:GSAT ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Rebecca Clary - VP & CFO Paul Jacobs - CEO & Director Conference Call Participants Mike Crawford - B. Riley Securities Operator Welcome to the Globalstar First Quarter 2025 Earnings Conference Call.
Globalstar (GSAT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.15 per share a year ago.
Globalstar is expanding its satellite constellations for two-way communications, broadband and voice capabilities. Globalstar raised a significant amount of capital through the sale of equity in its SPE, providing the firm with upfront payments to allocate to develop its new satellite constellation. With the 3rd party investments, Globalstar may not need to raise additional capital through the debt and equity markets, providing a stronger investment case for potential shareholders.
GSAT unveils its state-of-the-art SOCC, expanding operations and driving next-generation satellite and connectivity solutions.
Globalstar collaborates with GCT to transform two-way satellite messaging systems with advanced IoT, 4G and 5G solutions.
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.