GlobalStar, Inc. gsat is currently trading at $17.55, reflecting a decline of 13.1% in Friday’s trading session. This drop comes after the company disclosed first-quarter results that fell short of expectations.
What I Know: In its first quarter, GlobalStar suffered a net loss of 16 cents per share, translating to a $17.3 million loss, which is a slight decline compared to a $60 million loss reported the previous year, despite a 6% rise in revenue.
Service revenues rose by 7% to reach $57.1 million, attributed to enhanced wholesale capabilities. However, there’s more to explore here.
Also Read: Kodak Shares Drop 16% Following Disappointing First Quarter Revenue
The company reiterated its revenue forecast for 2025, estimating between $260 and $285 million with a projected 50% EBITDA margin. CEO Paul Jacobs pointed to the rollout of GlobalStar’s two-way satellite IoT solution as well as new leadership as key to enhancing private wireless and wholesale capabilities.
Among operational highlights, they’ve opened a new satellite operation center and introduced next-gen satellite technology. The company reports having strong liquidity with $241 million in cash.
GlobalStar is keeping a watchful eye on global trade risks, particularly concerning tariffs, but anticipates little direct impact.
Also Read: Tesla Stocks Projected to Rise on Friday Despite Product Setbacks and Policy Risks
How to Purchase GSAT Stocks
To buy shares or fractional shares of GSAT, you can use a brokerage platform. Alternatively, consider acquiring shares through an Exchange Traded Fund (ETF) that includes GSAT, or by integrating it into a 401(k) strategy using mutual funds or similar approaches.
For instance, GlobalStar is part of the communications services sector. ETFs, which include a variety of significant and liquid stocks, can provide exposure to trends in this particular market.
According to data from Benzinga Pro, GSAT reached a high of $23.63 and a 52-week low of $17.24.
