FKnol.com

Financial Knowledge & Information Portal

Globalstar (GSAT) Company Profile

Updated Dec 2, 2019
Globalstar has the following business profile:
Company's Full Name:Globalstar, Inc.
Short Name:Globalstar
Trading Ticker Symbol:GSAT
Primary Exchange:AMEX
Headquarter City/Country:Louisiana, LA
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Telecommunications Equipment
Main Business Areas: Consumer Services, Telecommunications Equipment, Communication Services, Telecom Services, Telecom
Dividend Payments:Dividend History

Market and Trading Information for Globalstar

The following details were available for trading and market data about the stock of Globalstar as of writing:
Current Share Price:$0.39
Previous Year's Closing Price:$0.64
Percentage Price Change (YTD):-39.06%
Market Cap:$570.21 million
52-week Price Range:$0.29 - $0.73
Dividend Per Share:$0
EPS (TTM):-0.03
Price-Earnings (Trailing):0
Price-Earnings (Forward):-7.86

Company Profile and Business Description for Globalstar

Globalstar, Inc. (Globalstar), incorporated on November 21, 2003, provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. It offers voice and data communication services over its network of in-orbit satellites and its active ground stations (gateways), which it refers to collectively as the Globalstar System. The Company's services are available only with equipment designed to work on its network two-way voice communication and data transmissions (Duplex) using mobile or fixed devices, and one-way data transmissions (Simplex) using a mobile or fixed device that transmits its location and other information to a central monitoring station, including certain SPOT and Simplex products.

The Company's satellite communications business, by providing mobile communications to its subscribers, serves principally various markets, such as recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining and forestry; construction; utilities, and transportation. Its products and services are sold through a range of independent agents, dealers and resellers, and independent gateway operators (IGOs). The Company provides engineering services to assist its commercial and government customers in developing applications related to its system, and to engineer and install gateways that use its system. These services include hardware and software designs to develop specific applications operating over its network, as well as, the installation of gateways and antennas. The Company offers First-Generation Constellation and Second-Generation Constellation. Its ground network includes both its first-generation and second-generation ground equipment.

Duplex Two-Way Voice and Data Products

The Company provides mobile voice and data services to a range of commercial, government and recreational customers for remote business continuity, recreational, emergency response and other applications. The Company offers its services for use only with equipment designed to work on its network, which users generally purchase in conjunction with an initial service plan.

The Company offers the GSP-1700 phone, which includes a color liquid crystal display (LCD) screen and a range of accessories. With Sat-Fi, its customers can use their smartphones, tablets and laptops to send and receive communications through the Globalstar satellite system when traveling beyond cellular service. The Company's data solution, the Globalstar 9600 enables customers to use an application to pair with their existing satellite phone and smartphone to send and receive e-mail over the Globalstar System. This data hotspot is ideal for remote workforces in industries, such as energy and construction to communicate through e-mail, send status reports, download local weather and send pictures.

The Company provides fixed voice and data services in rural villages at remote industrial, commercial and residential sites and on ships at sea, among other places primarily with its GSP2900 fixed phone. The Company offers data-only services through Duplex devices that have two-way transmission capabilities. The Company offers asynchronous and packet data service in all of its Duplex territories. Its products provide access to the Internet, corporate virtual private networks and other customer specific data centers. The Company provides store-and-forward capabilities to customers who do not require real-time transmission and reception of data. Additionally, the Company offers a data acceleration and compression service to the satellite data modem market.

SPOT Consumer Retail Products

The Company's SPOT delivers satellite-based connectivity and real-time global positioning system (GPS) tracking to the users. Its SPOT Consumer Retail Products include SPOT Satellite GPS Messenger, SPOT Global Phone and SPOT Trace. The SPOT Gen3 offers various options, including rechargeable and universal serial bus (USB) direct line power. The Company targets its SPOT Gen3 to recreational and commercial markets that require personal tracking, emergency location and messaging solutions that operate beyond the reach of terrestrial wireless and wireline coverage. Using its network and Web-based mapping software, this device provides consumers with the ability to trace a path geographically or map the location of individuals or equipment. The product also enables users to transmit messages to a specific preprogrammed e-mail address, phone or data device, including a request for assistance in the event of an emergency.

The Company's SPOT Satellite GPS Messenger products and services are available through its product distribution channels and through its direct e-commerce Website. The Company introduced SPOT Global Phone to the consumer mass market. The SPOT Global Phone product leverages its retailer distribution channels and SPOT brand name. Its SPOT Trace is an anti-theft and asset tracking device. Its SPOT Trace ensures that cars, motorcycles, boats, snowmobiles and other assets are notifying owners through e-mail or text messages when movement is detected. The Company distributes and sells its SPOT products through a range of distribution channels. The Company has distribution relationships with a number of Big Box retailers and online retailers, and other similar distribution channels.

Commercial Simplex One-way Transmission Products

The Company's Simplex devices track cargo containers and rail cars, and monitor utility meters and oil and gas assets, as well as host other applications. It includes a demodulator and radio frequency (RF) interface, called an applique, which is located at a gateway and an application server located in its facilities. The applique-equipped gateways provide coverage over various areas of the globe. The devices are used in tracking asset shipments, monitoring unattended remote assets, trailer tracking and mobile security. Its users include various Governmental agencies, including the Federal Emergency Management Agency (FEMA), the United States Army, the United States Air Force, the National Oceanic and Atmospheric Administration (NOAA), the United States Forest Service and British Ministry of Defense, as well as other organizations.

The Company's Simplex service addresses the market for sending data, such as geographic coordinates, from assets or individuals in remote locations to a central monitoring station. The Company offers small Satellite Transmitters, such as the STX-2 and STX-3, which enable an integrator's products to access its Simplex network. The Company also offers products that utilize these transmitters. Its Simplex units, including the enterprise products MMT and SMARTONE, are used by industrial, commercial and government customers. These products provide monitoring that helps solve a range of security applications and asset tracking challenges. The reseller channel for Simplex equipment and service consists primarily of communications equipment retailers and commercial communications equipment rental companies.

The Company competes with Personal Locator Beacons, Inmarsat PLC, Iridium Communications Inc., Thuraya, ORBCOMM Inc., Ligado Networks, TerreStar and ICO Global.

300 Holiday Square Blvd

Peer / Competitor Companies of Telecommunications Equipment Sector

Along with Globalstar, Inc., the following other peer (competitor) companies also exist within the same Telecommunications Equipment - Consumer Services sector whose company profile and dividend history is as follows:

▶ 8x8 (EGHT): 8x8, Inc. (8x8), incorporated on October 24, 1996, provides cloud-based, enterprise-class software solutions. The Companys solutions are delivered through Software as a Service (SaaS) business model. The Company operates through ....See Detailed Company Profile  and Dividend History.

▶ ADTRAN (ADTN): ADTRAN, Inc. (ADTRAN), incorporated on November 18, 1985, is a provider of networking and communications equipment. The Companys solutions enable voice, data, video and Internet communications across a range of ....See Detailed Company Profile  and Dividend History.

▶ Alaska Communications (ALSK): Alaska Communications Systems Group, Inc., incorporated on October 13, 1998, is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale ....See Detailed Company Profile  and Dividend History.

▶ America Movil SAB (AMOV): America Movil, S.A.B. de C.V. (America Movil), incorporated on October 13, 2000, is a holding company. The Company provides telecommunications services in approximately 30 countries. Its telecommunications services include mobile ....See Detailed Company Profile  and Dividend History.

▶ America Movil SAB (AMX): America Movil, S.A.B. de C.V. (America Movil), incorporated on October 13, 2000, is a holding company. The Company provides telecommunications services in approximately 30 countries. Its telecommunications services include mobile ....See Detailed Company Profile  and Dividend History.

▶ Anixter International (AXE): Anixter International Inc., incorporated on December 6, 1967, is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. ....See Detailed Company Profile  and Dividend History.

▶ Asia Pacific Wire and Cable (APWC): Asia Pacific Wire & Cable Corporation Limited (APWC), incorporated on October 19, 1996, is a holding company that operates its business through operating subsidiaries and associates, which are principally located ....See Detailed Company Profile  and Dividend History.

▶ AT&T (T): AT&T Inc., incorporated October 5, 1983, is a holding company. The Company and its subsidiaries provide communications and digital entertainment services in the United States and the world. The Company ....See Detailed Company Profile  and Dividend History.

▶ Atento (ATTO): Atento S.A., incorporated on April 3, 2014, is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of ....See Detailed Company Profile  and Dividend History.

▶ ATN International (ATNI): ATN International, Inc. (ATN), formerly Atlantic Tele-Network, Inc., incorporated on August 4, 1989, is a holding company. The Companys segments include U.S. Telecom, International Telecom and Renewable Energy. The Company, ....See Detailed Company Profile  and Dividend History.

▶ AudioCodes (AUDC): AudioCodes Ltd. (AudioCodes), incorporated on November 22, 1992, designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications ....See Detailed Company Profile  and Dividend History.

▶ B Communications (BCOM): B Communications Ltd., incorporated in 1999, is focused on the telecommunications industry. The Company has ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq). Bezeq is the principal provider ....See Detailed Company Profile  and Dividend History.

▶ BCE (BCE): BCE Inc., incorporated on August 1, 2004, is a communications company. The Company provides residential, business and wholesale customers with a range of solutions for all their communications needs. The ....See Detailed Company Profile  and Dividend History.

▶ Belden (BDC): Belden Inc., incorporated on May 18, 1988, is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions ....See Detailed Company Profile  and Dividend History.

▶ BlackBerry (BBRY): BlackBerry Limited (BlackBerry), incorporated on July 3, 1984, provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Companys products and ....See Detailed Company Profile  and Dividend History.

▶ Boingo Wireless (WIFI): Boingo Wireless, Inc., incorporated on April 16, 2001, is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a ....See Detailed Company Profile  and Dividend History.

▶ BT (BT): BT Group plc, incorporated on March 30, 2001, is a communications services company. The Company is engaged in selling fixed-voice services, broadband, mobile and television products and services, as well ....See Detailed Company Profile  and Dividend History.

▶ Calix (CALX): Calix, Inc. (Calix), incorporated on August 17, 1999, is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), ....See Detailed Company Profile  and Dividend History.

▶ Cellcom Israel (CEL): Cellcom Israel Ltd., incorporated on January 31, 1994, is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and ....See Detailed Company Profile  and Dividend History.

▶ CenturyLink (CTL): CenturyLink, Inc., incorporated on May 7, 1968, is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. The ....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Telecommunications Equipment Sector.

Stock List of Other Consumer Services Sub-sectors

▶ Stocks of Advertising Sector

▶ Stocks of Amusement and Recreation Sector

▶ Stocks of Automotive Aftermarket Sector

▶ Stocks of Books Sector

▶ Stocks of Broadcasting Sector

▶ Stocks of Building Operators Sector

▶ Stocks of Business Services Sector

▶ Stocks of Catalog and Specialty Distribution Sector

▶ Stocks of Clothing Shoes and Accessory Sector

▶ Stocks of Consumer Electronics - Video Sector

▶ Stocks of Consumer Specialties Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Electronics Distribution Sector

▶ Stocks of Farming Seeds and Milling Sector

▶ Stocks of Food Chains Sector

▶ Stocks of Greeting Cards Sector

▶ Stocks of Home Furnishings Sector

▶ Stocks of Homebuilding Sector

▶ Stocks of Hotels Resorts Sector

▶ Stocks of Marine Transportation Sector

▶ Stocks of Military Government and Technical Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Motor Vehicles Sector

▶ Stocks of Movies Entertainment Sector

▶ Stocks of Newspapers Magazines Sector

▶ Stocks of Office Equipment Supplies and Services Sector

▶ Stocks of Other Consumer Services Sector

▶ Stocks of Other Specialty Stores Sector

▶ Stocks of Paper Sector

▶ Stocks of Professional Services Sector

▶ Stocks of Publishing Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Recreational Products and Toys Sector

▶ Stocks of REITs Sector

▶ Stocks of Rental Leasing Companies Sector

▶ Stocks of Restaurants Sector

▶ Stocks of Retail Building Materials Sector

▶ Stocks of Retail Stores Sector

▶ Stocks of Telecommunications Equipment Sector

▶ Stocks of Television Services Sector

▶ Stocks of Transportation Services Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector