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
Company profile
Ticker
GSAT
Exchange
Website
CEO
David Kagan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
GSSI, LLC • ATSS Canada, Inc. • Globalstar Brazil Holdings, L.P. • Globalstar do Brasil Holdings Ltda. • Globalstar do Brasil Ltda. • Globalstar Japan K.K. • Globalstar Satellite Services Pte., Ltd • Globalstar Communications Mongolia LLC • Globalstar Satellite Services Pty., Ltd • Globalstar C, LLC ...
IRS number
412116508
GSAT stock data
Latest filings (excl ownership)
POS AM
Prospectus update (post-effective amendment)
12 Apr 24
ARS
2023 FY
Annual report to shareholders
10 Apr 24
S-8
Registration of securities for employees
10 Apr 24
DEF 14A
Definitive proxy
10 Apr 24
424B3
Prospectus supplement
29 Feb 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Globalstar Announces 2023 Financial Results
28 Feb 24
424B3
Prospectus supplement
7 Dec 23
8-K
Entry into a Material Definitive Agreement
7 Dec 23
424B3
Prospectus supplement
2 Nov 23
Transcripts
GSAT
Earnings call transcript
2023 Q4
28 Feb 24
GSAT
Earnings call transcript
2023 Q3
2 Nov 23
GSAT
Earnings call transcript
2023 Q2
3 Aug 23
GSAT
Earnings call transcript
2023 Q2
3 Aug 23
GSAT
Earnings call transcript
2023 Q1
5 May 23
GSAT
Earnings call transcript
2022 Q4
7 Mar 23
GSAT
Earnings call transcript
2022 Q4
7 Mar 22
GSAT
Earnings call transcript
2019 Q1
2 May 19
GSAT
Earnings call transcript
2018 Q4
28 Feb 19
GSAT
Earnings call transcript
2018 Q3
1 Nov 18
Latest ownership filings
4
Rebecca Clary
15 Mar 24
4
Timothy Evan Taylor
15 Mar 24
4
James F Lynch
15 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
4
James F Lynch
13 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
James F Lynch
11 Mar 24
4
PAUL E JACOBS
7 Mar 24
4
Timothy Evan Taylor
7 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 64.14 mm | 64.14 mm | 64.14 mm | 64.14 mm | 64.14 mm | 64.14 mm |
Cash burn (monthly) | 399.33 k | (no burn) | 2.02 mm | 463.58 k | (no burn) | (no burn) |
Cash used (since last report) | 2.67 mm | n/a | 13.48 mm | 3.10 mm | n/a | n/a |
Cash remaining | 61.47 mm | n/a | 50.66 mm | 61.04 mm | n/a | n/a |
Runway (months of cash) | 153.9 | n/a | 25.1 | 131.7 | n/a | n/a |
Institutional ownership, Q3 2023
60.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 205 |
Opened positions | 36 |
Closed positions | 22 |
Increased positions | 62 |
Reduced positions | 53 |
13F shares | Current |
---|---|
Total value | 408.84 bn |
Total shares | 1.14 bn |
Total puts | 864.81 k |
Total calls | 10.15 mm |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
FL Investment | 825.36 mm | $351.93 mm |
Vanguard | 69.19 mm | $90.64 bn |
BLK Blackrock | 48.00 mm | $62.87 bn |
Mudrick Capital Management | 43.92 mm | $57.53 bn |
Beck Mack & Oliver | 18.49 mm | $24.22 bn |
STT State Street | 14.93 mm | $19.56 bn |
Geode Capital Management | 13.99 mm | $18.33 bn |
Plustick Management | 9.50 mm | $12.44 bn |
Legion Partners Asset Management | 6.84 mm | $8.95 bn |
NTRS Northern Trust | 6.19 mm | $8.11 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Clary Rebecca | Voting Common Stock | Sell | Dispose S | No | Yes | 1.39 | 75,000 | 104.25 k | 1,568,745 |
14 Mar 24 | Taylor Timothy Evan | Voting Common Stock | Sell | Dispose S | Yes | Yes | 1.4312 | 395,000 | 565.32 k | 10,673,649 |
13 Mar 24 | Taylor Timothy Evan | Voting Common Stock | Sell | Dispose S | Yes | Yes | 1.4535 | 395,000 | 574.13 k | 11,068,649 |
13 Mar 24 | James F Lynch | Voting Common Stock | Buy | Acquire P | Yes | No | 1.455 | 660,000 | 960.30 k | 12,340,720 |
12 Mar 24 | James F Lynch | Voting Common Stock | Buy | Acquire P | Yes | No | 1.4436 | 660,000 | 952.78 k | 11,680,720 |
11 Mar 24 | James F Lynch | Voting Common Stock | Buy | Acquire P | Yes | No | 1.4165 | 660,000 | 934.89 k | 11,020,720 |
8 Mar 24 | James F Lynch | Voting Common Stock | Buy | Acquire P | Yes | No | 1.3392 | 660,000 | 883.87 k | 10,360,720 |
7 Mar 24 | James F Lynch | Voting Common Stock | Buy | Acquire P | Yes | No | 1.3087 | 660,000 | 863.74 k | 9,700,720 |
News
"Walmart Appears To Be Globalstar's Secret Customer" - Light Reading
20 Mar 24
Over $1.7M Bet On Globalstar? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying
12 Mar 24
Globalstar Revenue Spikes 27% Despite Missing Estimates, Projects Further Growth As Satellite Services Expand
28 Feb 24
Globalstar Sees FY24 Total Revenue Between $225M-$250M Vs $251.5M Est.
28 Feb 24
Globalstar Q4 EPS $(0.01), Sales $52.41M Miss $52.87M Estimate
28 Feb 24
Press releases
Globalstar to Participate in Upcoming Investor Conferences
18 Apr 24
Globalstar Announces 2023 Financial Results
28 Feb 24
Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer
23 Feb 24
Globalstar, Inc. Earnings Release and Call Notice
16 Feb 24