Overview
Globalstar provides Mobile Satellite Services (MSS) including voice and data communications services as well as wholesale capacity services through its global satellite network. Its network of satellites and ground stations provides service to approximately 783,000 subscribers worldwide. Customers include the US government as well as companies in the energy, maritime, agriculture, forestry, and mining industries, among others. It also sells a handheld
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Read More GPS navigation system called SPOT for adventure travelers or anyone needing a GPS device. In addition, the company also satellite voice and data service to remote areas where landlines and cell towers are few. The company's largest market was the US with about 80% of total revenue.
Read Less
Read More GPS navigation system called SPOT for adventure travelers or anyone needing a GPS device. In addition, the company also satellite voice and data service to remote areas where landlines and cell towers are few. The company's largest market was the US with about 80% of total revenue.
Read Less
Wired and Wireless Telecommunications (except Satellite)
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Modelled
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Actual
$250.35 million
Actual
11.86%
$1,710
DEC
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NYSE MKT:GSAT
Contacts
Get in Touch with 4 Principals* and 159 Contacts
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Paul E JacobsChief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$250.35 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $439 | $74 | $64 |
| Net Investing Cash | -$261 | -$176 | -$40 |
| Net Financing Cash | $157 | $126 | -$6 |
| Net Change in Cash | $336 | $25 | $18 |
| Cash at Beginning of Period | $57 | $32 | $14 |
| Cash at End of Period | $391 | $57 | $32 |
| Capital Expenditure | -$119 | -$167 | -$40 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $391 | $57 | $32 |
| Accounts Receivable | $27 | $49 | $26 |
| Inventories | $11 | $15 | $9 |
| Other Current Assets | $19 | $23 | $14 |
| Asset Summary | |||
| Total Current Assets | $448 | $143 | $81 |
| Tangible Fixed Assets | $705 | $658 | $591 |
| Intangible Assets | $85 | $61 | $30 |
| Total Assets | $1,710 | $924 | $738 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $5 | $2 | $4 |
| Short-Term Debt | $35 | $35 | $60 |
| Other Current Liabilities | $102 | $139 | $134 |
| Liability Summary | |||
| Total Current Liabilities | $141 | $176 | $197 |
| Long-Term Debt | $477 | $326 | $132 |
| Other Long-Term Liabilities | $402 | $1 | $1 |
| Total Liabilities | $1,351 | $545 | $424 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$2,128 | -$2,065 | -$2,040 |
| Equity Summary | |||
| Total Equity | $359 | $379 | $315 |
| Shares Outstanding | 126,424,798 | 125,412,978 | 120,738,313 |