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Key Takeaways GSAT is set to report Q4 results on Feb. 27, with consensus at one cent EPS and $71.8M revenues.Globalstar sees momentum in wholesale, Commercial IoT and government markets, including U.S. defense.GSAT invests in XCOM RAN, C-3 satellites and ground expansion, targeting margin gains and future scale.Globalstar, Inc. (GSAT) will report fourth-quarter 2025 results on Feb. 27, before market open.The Zacks Consensus Estimate for the bottom line is pegged at earnings of one cent per share. Analysts’ ...

Company Overview - Globalstar, Inc. operates a global satellite network providing mobile communications and IoT connectivity across various industries and remote environments, leveraging spectrum assets and strategic partnerships to enhance 5G and advanced connectivity offerings [6] - The company generates revenue through subscription-based communications services, equipment sales, wholesale minutes, and engineering services, serving enterprise and government clients in sectors such as oil and gas, utilities, maritime, transportation, public safety, and recreation [8] Financial Performance - As of February 13, 2026, Globalstar's market capitalization is $7.62 billion, with a revenue of $262.20 million and a net income of -$49.92 million for the trailing twelve months [4] - The company reported record third-quarter revenue of $73.8 million, an increase from $72.3 million a year earlier, with service revenue of $69.6 million, and reaffirmed full-year revenue guidance of $260 million to $285 million [10] Recent Transactions - Ashford Capital Management sold 410,326 shares of Globalstar for an estimated transaction value of $22.66 million, reducing its position to 998,995 shares valued at $60.98 million [2] - Following the sale, Globalstar accounts for 6.79% of Ashford's reportable assets, down from 9.32%, and remains the fund's largest holding [7] Stock Performance - Globalstar's shares were priced at $60.06 as of February 13, 2026, reflecting a 171.8% increase over the past year, significantly outperforming the S&P 500 by 159.97 percentage points [7] - The net position change for Ashford Capital Management reflects an increase of $9.69 million, indicating both a reduction in shares and stock price fluctuations [2] Strategic Insights - The recent sale by Ashford Capital Management is viewed as a disciplined capital allocation strategy following a significant stock price increase, emphasizing risk management rather than a loss of conviction in the company [9] - For long-term investors, the focus should remain on execution and the company's ability to sustain revenue growth, infrastructure expansion, and cash generation despite market volatility [11]

Core Viewpoint - Globalstar (GSAT) has shown significant appreciation of 104% since the initial recommendation of a Strong Buy in January 2025, indicating a potential undervaluation of the stock [1]. Group 1: Company Performance - The stock price of Globalstar has increased by 104% since the initial coverage, suggesting strong market performance and investor confidence [1]. Group 2: Investment Strategy - The investment approach involves deep research into companies before making investment decisions, categorizing positions as "hold," "sell," or "long" based on market conditions [1].

Core Insights - Globalstar's XCOM RAN will be integrated into Boingo Wireless's private network infrastructure, enhancing connectivity solutions for critical operations in various environments [1][6] - Boingo's private networks are designed to provide secure, high-bandwidth connectivity, particularly in RF-challenged environments such as airports, stadiums, and military bases [4][5] Group 1: Integration and Capabilities - Boingo Wireless will utilize XCOM RAN's advanced software-defined private 5G platform to enhance both indoor and outdoor network deployments [2] - A technical evaluation confirmed that XCOM RAN can deliver carrier-grade private connectivity across multiple frequency bands, including the ability to overlay on existing distributed antenna systems (DAS) [3] Group 2: Industry Recognition and Performance - Boingo's private networks have received two 2025 TeckNexus Private Network Leadership Awards for their transformative impact on connectivity in high-traffic environments [5] - The integration of XCOM RAN is expected to improve operational efficiency, enhance customer experiences, and enable new digital engagement opportunities [5] Group 3: Technological Advancements - XCOM RAN is designed to support mission-critical industrial automation, increasing capacity by four times compared to current private 5G offerings [7] - The Supercell architecture of XCOM RAN simplifies deployment and management, providing full capacity and coverage in industrial settings [8]

Core Insights - There is a high demand for exposure to SpaceX, but direct investment opportunities are limited due to its private status [1] Group 1: Company Overview - SpaceX is a private aerospace manufacturer and space transportation company founded by Elon Musk, known for its ambitious projects and innovations in space technology [1] - The company has achieved significant milestones, including the successful launch and landing of reusable rockets, which has revolutionized the space industry [1] Group 2: Investment Landscape - Investors are eager to gain exposure to SpaceX, but the lack of public trading options restricts direct investment [1] - The company's valuation has soared, with estimates reaching around $137 billion, reflecting its strong market position and growth potential [1]

Core Insights - Globalstar, Inc. (GSAT) is enhancing its satellite infrastructure by installing three new six-meter C-3 tracking antennas at its Yeo Ju ground station in South Korea, reflecting a commitment to a high-capacity network for mobile satellite services [1][2][3] Group 1: Infrastructure Expansion - The addition of the three C-3 tracking antennas significantly improves service quality, redundancy, and operational resilience at the Yeo Ju site, which has been operational for over 20 years [2] - Globalstar's C-3 Satellite System rollout includes construction projects at 15 locations across nine countries and four continents, with plans to deploy up to 90 new tracking antennas globally [3][9] Group 2: Market Demand and Applications - The enhanced ground infrastructure will support a wide range of applications, including asset tracking, industrial IoT, consumer devices, and emergency communications, catering to the growing demand for advanced satellite-based services [4] - The company is focusing on new use cases for its XCOM RAN technology, which is gaining traction in private wireless applications, particularly in warehouse and factory automation [5] Group 3: Financial Outlook - Globalstar reaffirmed its 2025 revenue target, projecting revenues between $260 million and $285 million, with an adjusted EBITDA margin of approximately 50% [7][9] - The company is experiencing record revenue growth, strong IoT and equipment sales, and successful technology launches, indicating a solid financial position [6] Group 4: Stock Performance - Globalstar's shares have increased by 127.9% over the past year, although this is lower than the Zacks Satellite and Communication industry's growth of 246.7% [8]

Core Insights - Globalstar, Inc. has announced the installation of three new six-meter C-3 tracking antennas at its ground station in Yeo Ju, South Korea, as part of its global expansion strategy [1][2] - The enhancements aim to improve service quality and provide redundancy for essential network elements, supporting next-generation mobile satellite connectivity, including IoT and D2D solutions [2][4] - Globalstar is undertaking construction projects related to its third-generation C-3 system at 15 locations across nine countries on four continents, indicating a significant global investment [3][4] Company Overview - Globalstar is a telecommunications provider that delivers mobile satellite services and has been operational in East Asia for over two decades [2] - The company utilizes a low Earth orbit (LEO) satellite constellation and licensed Band 53/n53 spectrum to provide reliable connectivity solutions [5] - Globalstar's connectivity ecosystem includes a software-defined private wireless network platform and trusted GPS messengers for safety and communication [6][7] Market Applications - The company serves various markets, including business, enterprise, and consumer sectors, focusing on applications that track and protect assets, enable automation, and enhance operational efficiency [7] - Globalstar's innovations are aimed at redefining global connectivity and supporting mission-critical performance for its customers [7]

Core Insights - Globalstar's stock experienced a 5% increase after Clear Street raised its price target to $71, but subsequently fell 9.6% the following day due to market reactions and competitive concerns [1][6]. Group 1: Company Performance and Market Reactions - Clear Street views Globalstar's contract with Apple as a de-risking factor, suggesting the stock is compelling due to potential government service sales [2]. - Despite the positive outlook from Clear Street, Scotiabank highlighted significant risks, particularly the competitive advantage of SpaceX's Starlink, which has a much larger satellite deployment capability compared to Globalstar [3][4]. - Globalstar has only achieved a full-year profit once in the past decade and is not expected to return to profitability until 2027, raising doubts about its competitive position against SpaceX [5]. Group 2: Competitive Landscape - SpaceX's Starlink is launching over 3,000 satellites annually, vastly outpacing Globalstar's two dozen satellites, which contributes to its strong market presence [3][4]. - The global brand recognition of SpaceX enhances its ability to capitalize on rapid satellite deployment, a factor that Globalstar lacks [4]. - Analysts suggest that Globalstar may not be a favorable investment compared to other identified stocks, indicating a cautious outlook for potential investors [7].

Core Insights - The Procure Space ETF (NASDAQ:UFO) is the only pure-play space ETF in the United States, focusing on companies with direct exposure to the space industry, which may gain attention in 2026 if a SpaceX IPO occurs [1][3] - Procure Holdings emphasizes its pure-play focus as a key differentiator from other space-themed ETFs, such as the Ark Space & Defense Innovation ETF (BATS:ARKX), which includes companies with lower direct exposure to space [2][3] Company Focus - Approximately 80% of the companies in the Procure Space ETF derive the majority of their revenue from space-related businesses, activities, and services, highlighting the fund's commitment to true space companies [3][4] - The Procure Space ETF aims to provide investors with direct exposure to companies that are actively generating revenue from space, distinguishing itself from broader funds that may include companies with only peripheral connections to the space sector [4][5] Comparison with Competitors - The Ark Space & Defense Innovation ETF includes companies with significant ties to adjacent sectors, such as defense and eVTOLs, which contrasts with the Procure Space ETF's focus on pure-play space companies [2][7] - Both ETFs share Rocket Lab and Trimble in their top 10 holdings, but the Ark fund has a greater emphasis on defense-related companies and other sectors, indicating a broader investment strategy [6][8] Top Holdings - The top 10 holdings of the Procure Space ETF are not detailed in the provided content, but the focus remains on companies that primarily operate within the space industry [5] - The Ark Space & Defense Innovation ETF's top holdings include Rocket Lab (8.9%), L3Harris Technologies (8.3%), and Kratos Defense & Security (7.8%), showcasing its diverse investment approach [6][8]