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Globalstar, Inc. Common Stock (GSAT)



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Upturn Advisory Summary
03/27/2025: GSAT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -36.83% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.63B USD | Price to earnings Ratio - | 1Y Target Price 52.5 |
Price to earnings Ratio - | 1Y Target Price 52.5 | ||
Volume (30-day avg) 799881 | Beta 0.98 | 52 Weeks Range 15.00 - 41.10 | Updated Date 04/2/2025 |
52 Weeks Range 15.00 - 41.10 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -25.23% | Operating Margin (TTM) -6.91% |
Management Effectiveness
Return on Assets (TTM) -0.02% | Return on Equity (TTM) -17.12% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2769393648 | Price to Sales(TTM) 10.51 |
Enterprise Value 2769393648 | Price to Sales(TTM) 10.51 | ||
Enterprise Value to Revenue 11.06 | Enterprise Value to EBITDA 31.26 | Shares Outstanding 126443000 | Shares Floating 49470713 |
Shares Outstanding 126443000 | Shares Floating 49470713 | ||
Percent Insiders 60.77 | Percent Institutions 20.36 |
Analyst Ratings
Rating 4.33 | Target Price 3.33 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Globalstar, Inc. Common Stock

Company Overview
History and Background
Globalstar was founded in 1991. It provides satellite communications services, including voice, data, and messaging, primarily to businesses, governments, and individuals. It initially faced financial difficulties in the early 2000s but restructured and refocused on its core services.
Core Business Areas
- Commercial IoT: Provides commercial Internet of Things (IoT) solutions, including asset tracking and remote monitoring services, using its satellite network. Focuses on industries like transportation, logistics, and agriculture.
- SPOT Products: Offers SPOT personal tracking and emergency messaging devices for outdoor enthusiasts, adventurers, and lone workers. Provides peace of mind through location sharing and SOS capabilities.
- Wholesale Satellite Capacity: Provides wholesale satellite capacity to other service providers and partners, enabling them to offer their own satellite-based services.
Leadership and Structure
Jay Monroe is the Executive Chairman. Dave Kagan is the CEO. The company operates with a functional organizational structure, with departments for engineering, sales, marketing, and finance.
Top Products and Market Share
Key Offerings
- SPOT Devices: SPOT Gen4 and other SPOT devices are personal safety devices offering GPS tracking and emergency SOS capabilities via satellite. Market share within the personal locator beacon (PLB) and satellite messenger market is estimated around 30%. Competitors include Garmin (inReach), Bivy Stick (acquired by ACR Electronics) and Zoleo.
- Commercial IoT Solutions: These solutions enable asset tracking, remote monitoring, and data communication for various industries. Globalstar competes with Iridium and Orbcomm. Market share data varies by specific application but remains smaller than that of Iridium. Revenue for this segment is increasing year over year but specific data is not readily available.
Market Dynamics
Industry Overview
The satellite communications industry is evolving, driven by growing demand for connectivity in remote areas and increasing adoption of IoT solutions. The industry is capital intensive with long periods between network deployments.
Positioning
Globalstar is positioned as a provider of affordable satellite communications services, focusing on specific niche markets like personal safety and IoT applications. Its LEO satellite constellation provides coverage in many remote areas, giving it a competitive edge where terrestrial networks are unavailable.
Total Addressable Market (TAM)
The total addressable market for satellite IoT is estimated to reach billions of dollars in the coming years. Globalstar is positioning itself to capture a portion of this market through its IoT solutions and partnerships.
Upturn SWOT Analysis
Strengths
- Affordable pricing compared to competitors
- LEO satellite constellation provides coverage in remote areas
- Established brand recognition with SPOT devices
- Increasing focus on IoT solutions
Weaknesses
- Limited satellite coverage compared to competitors like Iridium
- High debt levels
- Dependence on key partners
- Historically inconsistent financial performance
Opportunities
- Expanding IoT market
- Growing demand for satellite connectivity in remote areas
- Partnerships with other technology companies
- Development of new applications and services
Threats
- Competition from other satellite communications providers (Iridium, Orbcomm)
- Technological advancements in terrestrial networks
- Economic downturns
- Regulatory changes
Competitors and Market Share
Key Competitors
- IRDM
- ORBC
Competitive Landscape
Globalstar's competitive advantage lies in its relatively lower pricing and focus on specific niche markets. However, it faces stiff competition from larger, more established players like Iridium with global coverage.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent, with periods of rapid growth followed by periods of decline.
Future Projections: Analyst projections vary, but generally expect continued revenue growth driven by IoT solutions.
Recent Initiatives: Recent initiatives include partnerships with companies like Qualcomm to enable satellite connectivity on smartphones.
Summary
Globalstar is a satellite communications company focusing on IoT and personal safety devices. While it benefits from growing demand for satellite connectivity and strategic partnerships, the company's high debt levels and competition from larger players pose challenges. Recent initiatives like partnerships to enable satellite connectivity on smartphones are promising. Globalstar must demonstrate consistent profitability and improve its balance sheet to secure long-term success.
Similar Companies

IRDM

Iridium Communications Inc



IRDM

Iridium Communications Inc
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Industry reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are approximate. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Globalstar, Inc. Common Stock
Exchange NASDAQ | Headquaters Covington, LA, United States | ||
IPO Launch date 2006-11-02 | CEO & Director Dr. Paul E. Jacobs Ph.D. | ||
Sector Communication Services | Industry Telecom Services | Full time employees 389 | Website https://www.globalstar.com |
Full time employees 389 | Website https://www.globalstar.com |
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. It also provides data transmissions using a mobile or fixed device that transmits the location of the device and other information to a central monitoring station, including commercial IoT products; communication and data transmissions using SPOT family of devices, such as SPOT X, SPOT Gen4, and SPOT Trace that emergency alerts, and transmit messages and the location of the device; and voice communication and data transmissions. In addition, the company offers commercial IoT devices to track assets comprising cargo containers and rail cars, monitor utility meters, and monitor oil and gas assets; small satellite transmitter modules, such as the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; and hardware and software designs to develop specific applications operating over satellite network, as well as the installation of gateways and antennas. It distributes its products through retailers and sales force, as well as www.findmespot.com e-commerce website. The company serves recreation and personal, government, oil and gas, maritime, construction, and transportation, as well as mining, leisure, emergency services, agriculture, and forestry markets. Globalstar, Inc. was founded in 1993 and is headquartered in Covington, Louisiana.
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