StockLogistics
2年前
“It will require Globalstar to allocate 85% of its "current and future network capacity" to support the service,”
With projections of 300 million revenue by 2026 at 1.8 billion OS do the math, basically no current way to grow the company if 85% is allocated to Apple, and no phone call ability, just texts. Cool if it works but 300/1800 is not 10 dollars a share imo, 1.8 billion revenue at 300 million OS might get it there. GSAT should take out a huge billion dollar loan and use half of it to buy another company, then do a reverse split, then dilute the stock down to 1’again, take that money and buy another company to create two more revenue streams. Banks would likely provide major loans to them for acquisitions now that Apple basically backing them. Apple is keeping them afloat with the deal, more would be required to grow the SP imo, hence the mention of Goldman Sacs to raise funds for them.
StockLogistics
2年前
The fact that Globalstsr didn’t get paid billions up front to dedicate their satellites to Apple shows that Apple didn’t care about this tech, doesn’t respect it and could have waited or gone with another company easily, asking GSAT to raise money via Goldman is embarrassing for Apple, for a Trillion dollar company to ask that makes Apple look terrible, the GSAT Shareprice should have graduated to major stock having a deal with Apple, and yet it’s under 2 dollars, Apple is dealing with a penny stock for its Satellites, laughable, SP will decrease on fundraising news and on that rumor until it is completed imo.
StockLogistics
2年前
10 dollars a share x 1.8 billion OS is almost a 20 billion dollar company, nope, not at 230 mill revenue a year and new satellites not due till 2026, P/E ratio would have to be 100:1, shareholders got screwed over by the us deal because GSAT had stars in its eyes when talking to Apple’s negotiators who could have used anybody, Shame on Apple too. Should have been an upfront licensing payment of 10 billion to GSAT or no deal. Apple has the money, drop in the bucket their shareholders wouldn’t have cared they wanted the tech. Apple embarrassed itself leaving GSAT as a penny stock makes Apple look bad. Apple making GSAT raise funds ? What a joke. Trillion dollar Apple taking advantage of a small company, shareholders as of the date of the deal should sue Apple for 10 billion to be distributed to shareholders as of that record date. By the way, that is only an 5 to 13 per share dividend.
BottomBounce
2年前
$GSAT Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Further, it sells wholesale minutes to independent gateway operators (IGOs); and provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. As of December 31, 2020, it had approximately 745,000 subscribers. The company primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar, Inc. has a strategic alliance with XCOM Labs to jointly commercialize XCOM's capacity-multiplying technology with Globalstar's Band n53 for 5G deployments in the United States and other countries where Globalstar has terrestrial rights. The company was founded in 1993 and is headquartered in Covington, Louisiana.
Penny chatter
2年前
Globalstar expects that its business strategy will allow it to generate reliable cash flow with substantial growth potential and greater profitability. Including the Partnership Agreements and excluding terrestrial spectrum, the Company expects its total revenue for the year ended December 31, 2023 to range between $185 million to $230 million, depending in part upon the Company’s achievement of certain performance and other targets under the Partnership Agreements, generating an EBITDA margin of approximately 55%. The Company expects these financial metrics to continue to improve significantly by 2026, which is expected to be the first full year in which the new satellites are operational, with total revenue expected to increase by approximately 35% compared to the 2023 forecast driven primarily by revenue growth under the Partnership Agreements.