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Globalstar Inc. - GSAT STOCK NEWS

Welcome to our dedicated news page for Globalstar (Ticker: GSAT), a resource for investors and traders seeking the latest updates and insights on Globalstar.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Globalstar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Globalstar's position in the market.

News
Globalstar to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) will participate in upcoming investor conferences, including the B. Riley Securities 24th Annual Institutional Investor Conference on May 22, 2024, and TD Cowen’s 52nd Annual Technology, Media & Telecom Conference on May 29, 2024. The Company's executive team will be present, and a webcast link will be provided before the events.
Rhea-AI Impact
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End-of-Day
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Globalstar Announces 2023 Financial Results
Rhea-AI Summary
Globalstar, Inc. (GSAT) reports record annual revenue of $224 million, a 50% increase year-over-year. Recent achievements include major retailer orders for XCOM RAN systems and revenue from Band 53 deployment through Nokia. Operating cash flows have increased, allowing for investments in key initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.67%
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earnings
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Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer
Rhea-AI Summary
Globalstar, Inc. (GSAT) launches XCOM RAN, a high-capacity radio access network for 5G applications, offering 4x increased capacity gains over traditional systems. The technology eliminates handoff boundaries, scales easily, and is chosen by a major global retailer for deployment. XCOM RAN supports industrial automation, stadium streaming, enterprise, mining, and extended reality applications, meeting high-performance requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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none
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Globalstar, Inc. Earnings Release and Call Notice
Rhea-AI Summary
Globalstar, Inc. (GSAT) will announce its Q4 and annual 2023 financial results on February 28, 2024. A conference call will be held to discuss the results.
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Sarcos Welcomes Back Co-Founder and Former CEO Ben Wolff to Lead Company Following Pivot to Industrial AI Software Focus
Rhea-AI Summary
Sarcos Technology and Robotics Corporation announces the appointment of Ben Wolff as president and CEO, with Laura Peterson assuming the role of executive vice chairman. The company is pivoting to focus on commercializing and deploying its robotic AI and machine learning software platform, suspending the development of hardware products. The move aims to leverage the unique AI platform to enhance the productivity of industrial robots worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
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AI
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Globalstar Announces Third Quarter 2023 Results
Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) reported its Q3 and year-to-date financial results, showing a 53% increase in total revenue and a 125% increase in Adjusted EBITDA compared to the same period last year. The company is increasing its guidance for 2023 total revenue to a range between $215 and $230 million. Globalstar is seeing momentum in its Commercial IoT initiatives and believes new applications and network configurations will drive increased demand for connectivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
earnings
News
Globalstar to Participate in Upcoming Investor Conferences
Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) has announced that members of its executive team will be participating in several investor conferences, including The Deutsche Bank Global Space Summit, The Raymond James TMT and Consumer Conference, and The Morgan Stanley 6th Annual Space Summit. Investors interested in attending are advised to contact their representatives at the respective institutions to receive an invitation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
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conferences
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Globalstar, Inc. Earnings Release and Call Notice
Rhea-AI Summary
Globalstar, Inc. (NYSE American: GSAT) will announce its Q3 and year to date 2023 financial and operating results on November 2, 2023. The release will be available on the company's website. A conference call will also be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
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earnings
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Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer; Announces Agreement to License XCOM Labs Technology
Rhea-AI Summary
Paul E. Jacobs, founder of XCOM Labs and former CEO of Qualcomm, becomes CEO of Globalstar, along with other key XCOM technologists joining the company. Globalstar has licensed XCOM's technology to enhance its terrestrial wireless efforts. The licensing agreement includes an upfront licensing fee of approximately 60 million shares of Globalstar common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.58%
Tags
management
News
Globalstar Announces Second Quarter 2023 Results
Rhea-AI Summary
Globalstar reports strong Q2 2023 financial results with a 50% increase in revenue and an 86% increase in Adjusted EBITDA. Ending liquidity is $65 million, more than double the cash balance at year end. The company tightens its 2023 revenue guidance to $200 million, reflecting sustained growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
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earnings
Stock GSAT logo
Globalstar Inc.

NYSE:GSAT

GSAT Rankings

#1724 Ranked by Market Cap
#4331 Ranked by Stock Gains
N/A Ranked by Dividends

GSAT Stock Data

2.51B
740.92M
60.89%
19.3%
1.55%
Taxi Service
Transportation and Warehousing
Link
US
Covington

About GSAT

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. for more information regarding