Today, the General Counsel of Globalstar (GSAT), Barbee Ponder, sold shares of GSAT for $148.9K.
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Based on Globalstar’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $31.95 million and GAAP net loss of $96.45 million. In comparison, last year the company earned revenue of $29.43 million and had a GAAP net loss of $22.59 million. Currently, Globalstar has an average volume of 684.7K.
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Globalstar, Inc. provides mobile satellite services, voice and data communications services through satellite worldwide. It offers communications services via satellite which includes: two-way voice communication and data transmissions using mobile or fixed devices; and one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station. The company provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. It serves to government; public safety and disaster relief; recreation and personal; telecommunications; oil and gas; maritime and fishing; natural resources; construction; utilities; and transportation markets. Globalstar was founded in November 2003 and is headquartered in Covington, LA.
