Welcome to our dedicated page for Globalstar news (Ticker: GSAT), a resource for investors and traders seeking the latest updates and insights on Globalstar stock.
Globalstar, Inc. (NASDAQ: GSAT) is a global telecommunications provider that regularly issues news on its satellite and terrestrial connectivity business. The company operates a low Earth orbit (LEO) satellite constellation and holds licensed Band 53/n53 spectrum, and its news flow reflects developments across mobile satellite services, IoT solutions, and private network offerings.
Recent Globalstar announcements have focused on expansion of its ground infrastructure and progress on its third-generation C-3 Satellite System. The company has reported new and expanded ground stations in regions such as Brazil, South Korea, and Alaska, adding multiple C-3 tracking antennas to support mobile satellite services, IoT connectivity, and device-to-device (D2D) solutions across large geographic areas.
News items also highlight Globalstar’s investment program to expand its space and ground network, including commissioning new replacement satellites and advancing initiatives tied to international connectivity pledges. Updates on the HIBLEO XL-1 satellite system filing and broader C-3 buildout provide insight into how the company is preparing for higher-capacity and more resilient satellite services.
In addition, Globalstar’s news coverage includes product and technology developments such as the commercial rollout of the RM200M two-way satellite IoT module and the evolution of its XCOM RAN private 5G platform. The company has reported collaborations and trials with partners in areas like autonomous drones, warehouse automation, and multi-network IoT connectivity, demonstrating how its spectrum and private network solutions are being applied in real-world use cases.
Investors and observers can use the GSAT news page on Stock Titan to follow earnings releases, infrastructure expansion updates, product launches, and partnership announcements, providing a consolidated view of Globalstar’s operational and strategic developments over time.
Globalstar (NYSE American: GSAT) has announced a collaboration with Global Telecom, Alliance, and Hawk Networks to utilize its Band 53 spectrum for mission-critical applications in combination with CBRS in the United States. This partnership aims to provide enhanced connectivity for private wireless networks, especially in areas where CBRS may face limitations.
Key points:
- Band 53 will be used for carrier aggregation with CBRS
- Global Telecom created the first carrier aggregation modules including Band 53
- Alliance will integrate the solution using the Althea platform and Hawk Networks' LTE/5G core
- The offering includes Band 53 spectrum rights authorized by Globalstar
- The solution addresses challenges related to CBRS channel-sharing rules
This collaboration aims to expand CBRS adoption and ensure stability for mission-critical applications in private wireless networks.
Globalstar, Inc. (NYSE American: GSAT) has announced its participation in MWC Las Vegas 2024. Two key executives will be presenting at the event:
1. Tamer Kadous, VP of Terrestrial Networks, will discuss private network early adopters and use cases with Globalstar's XCOM RAN solution at the Private Network Summit on October 8.
2. Kyle Pickens, VP of Strategy, will talk about Globalstar's Band 53 spectrum being used in mission-critical applications in combination with CBRS in the U.S. on October 9.
Globalstar will showcase its suite of Low Earth Orbit (LEO) satellite-enabled solutions, including IoT transportation and asset trackers, personnel safety solutions, and Band 53 spectrum and XCOM RAN for private networks.
Liquid Intelligent Technologies, a Cassava Technologies company, has announced a strategic partnership with Globalstar to deliver advanced 5G connectivity solutions across Africa, the Middle East, and the Gulf. The partnership grants Liquid exclusive rights to sell and distribute Globalstar's XCOM RAN private networks 5G access solution in these regions.
This innovative technology enhances the 5G experience, supports AI-driven applications, and is set to revolutionize industries such as mining. The collaboration also includes potential expansion to Globalstar's satellite, Band n53 spectrum, and IoT solutions on a non-exclusive basis. Liquid will provide comprehensive customer support for Globalstar's products and services, including technical support and warranty services.
Globalstar (NYSE American: GSAT) has received a 15-year license extension from the FCC for its HIBLEO-4 constellation. This reauthorization allows Globalstar to continue exclusive operations in the Big LEO Band and operate up to 26 replacement satellites. The extension is important for Globalstar's ongoing investment, operation, and innovation in satellite and communications solutions.
The FCC's order emphasizes Globalstar's role in providing essential voice and data communications services, including safety-of-life services. CEO Dr. Paul E. Jacobs stated that this milestone is imperative for Globalstar's mission of providing critical mobile satellite connectivity worldwide. The satellite refresh program is expected to improve performance and coverage for Globalstar's services, including Direct to Device satellite connections.
Globalstar (NYSE American: GSAT) announced its Q2 2024 financial results, showcasing record revenue driven by growth in wholesale capacity services and new business initiatives.
Total revenue increased by 10% to $60.4 million, and service revenue rose by 18%, reaching $9.0 million. Commercial IoT service revenue hit $6.7 million, a 25% year-over-year increase. However, subscriber equipment sales fell by $3.7 million.
Adjusted EBITDA increased by 20% to $32.6 million, while the company recorded a net loss of $9.7 million, compared to a net income of less than $0.1 million in Q2 2023. Higher operational costs contributed to this loss.
Globalstar raised its full-year revenue guidance to a range of $235 million to $250 million and adjusted EBITDA margin to 53%.
Globalstar, Inc. (NYSE American: GSAT) has announced that it will release its second quarter 2024 financial and operating results on Thursday, August 8, 2024, before the market opens. The company will also conduct a conference call on the same day at 9:00 a.m. Eastern Time to discuss these results.
Investors and interested parties can access the earnings call via a webcast or participate through a teleconference. The webcast link and teleconference registration link have been provided. For those unable to join the live call, a replay of the webcast will be available in the Investor Relations section of Globalstar's website.
Globalstar, Inc. (NYSE American: GSAT) reported strong financial results for Q1 2024, exceeding expectations with total revenue higher sequentially and year-over-year. The company re-iterated its full-year 2024 revenue and Adjusted EBITDA guidance. Significant progress was made on new initiatives driving future revenue growth, including government contracts, new technology testing, and commercial product shipments. Operational highlights include testing XCOM RAN products, customer wins, and advancements in satellite services. Financially, service revenue increased with a government services agreement, while subscriber equipment sales revenue declined. Loss from operations was driven by higher expenses and lower equipment revenue, leading to a net loss increase. Adjusted EBITDA slightly decreased, and liquidity remains stable with cash and cash equivalents of $59.3 million as of March 31, 2024.
Globalstar, Inc. (NYSE American: GSAT) will announce its first quarter 2024 financial results on May 8, 2024. The earnings call will be held at 5:00 p.m. ET on the same day. Details for participation are provided.
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