XCOM

Globalstar Announces First Quarter 2024 Financial Results and Operational Updates

Retrieved on: 
Wednesday, May 8, 2024
Technology, Finance, Entertainment, Satellite, Banking, Accounting, Telecommunications, Professional Services, Mobile Entertainment, Networks, SpaceX, GSAT, Ecosystem, Duplex, Risk, Commercial, FCC, MDA, ARPU, Wi-Fi, Webcast, Human, Federal, Public expenditure, Pressure, SPOT, RAN, MFC, Adjustment, XCOM, POC, ID, Government, Federal Communications Commission, File, GAAP, Hertz

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024.
  • Service revenue increased $0.5 million during the first quarter of 2024 from the first quarter of 2023.
  • Loss from operations was $4.7 million during the first quarter of 2024, compared to income from operations of $7.2 million during the first quarter of 2023.
  • Net loss was $13.2 million for the first quarter of 2024, compared to net loss of $3.5 million for the first quarter of 2023.

Globalstar to Participate in Upcoming Investor Conferences

Retrieved on: 
Thursday, April 18, 2024
Telecommunications, Satellite, Software, Internet, Data Management, Technology, Carriers and Services, Mobile, Wireless, GSAT, Ecosystem, Internet of things, Safety, Conference, Government, SPOT, XCOM, Communications satellite

Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company’s executive team will be participating in the following investor conferences:

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that members of the Company’s executive team will be participating in the following investor conferences:
    B. Riley Securities 24th Annual Institutional Investor Conference, Wednesday, May 22, 2024.
  • TD Cowen’s 52nd Annual Technology, Media & Telecom Conference, Wednesday, May 29, 2024.
  • Investors interested in attending are encouraged to contact your representatives at the respective institutions to receive an invitation to attend their conference.
  • Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider.

Globalstar Announces 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Technology, Mobile, Wireless, Finance, Satellite, Banking, Accounting, Telecommunications, Professional Services, Networks, SSA, Nokia, Traction, Note, Marketing, Internet of things, Growth, XCOM, GSAT, Government, Adjustment, Commercial, Human, ARPU, Classification, SpaceX, Webcast, Automation, Public expenditure, Q&A, MDA, SPOT, Depreciation, Pharmaceutical industry

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the fourth quarter and year ended December 31, 2023.
  • Given the high margin nature of our revenue sources, operating income and Adjusted EBITDA also improved significantly during 2023,” said Rebecca Clary, Chief Financial Officer.
  • Licensed by Globalstar in 2023, the XCOM technology enhances wireless performance, including spectral efficiency, and expands our ability to develop commercial applications utilizing Band 53.
  • Our financial outlook for 2024 is:
    The Company will host a conference call to discuss its results at 9:00 a.m. Eastern Time (ET) on Wednesday, February 28, 2024.

Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer

Retrieved on: 
Friday, February 23, 2024
Software, Mobile, Wireless, Networks, Internet, Hardware, Data Management, Apps, Applications, Technology, Artificial Intelligence, 5G, Satellite, Telecommunications, DAS, Algorithm, Architecture, RRU, MWC, XCOM, RAN, MFC, GSAT, Sale, Nature, Reality, PLC, Warehouse, Organization, Ecosystem, VR, HMDS, Research, Mobile World Congress

Globalstar, Inc. (NYSE American: GSAT) today announced the commercial availability of XCOM RAN, a multipoint radio access network (RAN) that delivers greater capacity and coverage in dense 5G wireless applications with significantly more efficient use of spectrum.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced the commercial availability of XCOM RAN, a multipoint radio access network (RAN) that delivers greater capacity and coverage in dense 5G wireless applications with significantly more efficient use of spectrum.
  • XCOM RAN meets the high-performance, high-reliability requirements of warehouse automation, offering ease of use and higher efficiencies within a scalable design.
  • Globalstar is providing its connectivity solution comprising hardware, software, and services, with several systems expected to be delivered in 2024.
  • "With XCOM RAN, we set out to apply our decades of wireless system design experience into creating transformative and differentiated performance for private wireless 5G networks and beyond.

Globalstar Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Technology, Mobile, Wireless, Finance, Banking, Accounting, Telecommunications, Professional Services, Software, Networks, GSAT, XCOM, ARPU, NYSE, SPOT, Duplex, Public expenditure, MG, EBITDA, License, GAAP, Maintenance, Gen4 Energy, Growth, Commercial, Ecosystem, Webcast, Total, End-user license agreement, Loral, Video game, Television, Mobile phone, Financial adviser, Bank, Bookkeeping, Music, Cryptocurrency, Globalstar

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the third quarter and year to date period ended September 30, 2023.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the third quarter and year to date period ended September 30, 2023.
  • Total revenue increased $20.1 million, or 53%, to $57.7 million during the third quarter of 2023 compared to the third quarter of 2022, due to higher service revenue.
  • Second quarter 2023 was the first full quarter of normal production of these devices, and we have seen a correlated increase in activations.
  • Subscriber equipment sales decreased $0.3 million or 7% in the third quarter of 2023 compared to the third quarter of 2022.

A New Era Begins at Firaxis Games

Retrieved on: 
Friday, February 17, 2023
Entertainment, Consumer Electronics, Technology, General Entertainment, Software, Electronic Games, Midnight, Epic Games, Marvel's Midnight Suns, Take-Two Interactive, Firaxis Games, Plants vs. Zombies, Marvel, Rami Ismail, PopCap Games, Plant, Creative director, XCOM, Creative, Dream, K, Publishing, Civilization, TTWO, Civilization VI, Film industry, Video game

As Studio Head, Hazen will manage Firaxis Games' development teams and lead its mission to build the best strategy games on the planet.

Key Points: 
  • As Studio Head, Hazen will manage Firaxis Games' development teams and lead its mission to build the best strategy games on the planet.
  • With 22 years of experience in gaming and entertainment, Hazen joined Firaxis Games in 2020 as the studio's Chief Operating Officer.
  • Prior to Firaxis Games, she was an Executive Producer on Fortnite at Epic Games, as well as Plants vs. Zombies and Bejeweled while at PopCap Games.
  • “I’m embarking on a new chapter; however, I am incredibly grateful to have had the opportunity to fulfill my dreams at Firaxis Games,” said Solomon.

Arm Announces Appointment of Paul E. Jacobs and Rosemary Schooler to its Board of Directors

Retrieved on: 
Wednesday, November 30, 2022
Software, Electronic Design Automation, Artificial Intelligence, Technology, Semiconductor, Mobile, Wireless, Other Technology, Security, Qualcomm, NCWIT, Internet, Architecture, FIRST, National Academy of Engineering, National academy, Science, Electrical engineering, Schooler, Cloudera, ATIS, Trust, New Board, Intel, Computer science and engineering, BS, Pennsylvania State University, IOT, National Center for Women & Information Technology, Arm Ltd., Computer science, XCOM, Data Plane Development Kit, Dropbox (service), Network function virtualization, NFV, University of California, Berkeley, Smartphone, DPDK, TIA, Woman, Intelligence, Name, UC, Action directe (armed group), American Academy, Wireless, Haas, PNL, Management, Video game console, Arm, Engineering

I look forward to working with both Paul and Rosemary as we strengthen our leadership position in the semiconductor ecosystem and prepare for the public markets.

Key Points: 
  • I look forward to working with both Paul and Rosemary as we strengthen our leadership position in the semiconductor ecosystem and prepare for the public markets.
  • I have worked with Arm from the early days of smartphones and the wireless internet, Paul E. Jacobs added.
  • I am excited to join Arms Board and work with the world-class team here to help drive the next technology revolutions.
  • Arm is poised to be a leader in the semiconductor and computing industries, said Rosemary Schooler.

XCOM Labs Demonstrates Wireless XR for Training and Simulation Applications at I/ITSEC 2022

Retrieved on: 
Monday, November 21, 2022
VR, Environment, Software, MMW, AR, Education, Qualcomm, Wireless, Multimedia, XR, Virtual reality, XCOM, Booth, Augmented reality, Engineering, Video game console, Television, Toy

ORLANDO, Fla., Nov. 21, 2022 /PRNewswire/ -- XCOM Labs will demonstrate its leadership in wireless extended reality (XR) experience for military and leadership during I/ITSEC 2022 Nov. 28 to Dec. 2 in Orlando, Fla. at booth #365. XCOM Labs' Wireless XR Platform enables multiple users to move simultaneously and freely through interactive, immersive virtual reality and mixed reality digital environments for training, education and other XR applications. Experiencing lifelike, high resolution immersive environments is now possible through XCOM Labs Wireless XR Platform connected to a powerful edge computer rendering server.

Key Points: 
  • XCOM Labs' Wireless XR Platform enables multiple users to move simultaneously and freely through interactive, immersive virtual reality and mixed reality digital environments for training, education and other XR applications.
  • Experiencing lifelike, high resolution immersive environments is now possible through XCOM Labs Wireless XR Platform connected to a powerful edge computer rendering server.
  • XCOM Labs Wireless XR Platform incorporates XCOM Labs' split rendering solution to move heavy rendering workloads from the XR headset to an edge compute graphic processing unit.
  • Experience first-hand the XCOM Labs critical improvements in connectivity in a fully interactive digital environment at I/ITSEC 2022 booth 365 on the tradeshow floor.

FUNRISE, INC. AND PSYONIX LAUNCH ROCKET LEAGUE REPLICA CARS

Retrieved on: 
Wednesday, September 28, 2022
Smoke, Lithium, Gears of War, Cat, Athlete, Walmart, Target Corporation, Acceleration, Funrise Toys, Epic Games, Rocket League, IMG, Creativity, FRIENDS, USB, News, Industry, Partnership, XCOM, Imagination, FART, LED, PlayStation 4, Goal, VAN, BFF, Sport, CA, RC, Collection, Psyonix, Multimedia, Game of the Year, Lithium-ion battery, Unreal Engine, View, Video game, Video game console, Facebook, Bulletstorm, Amazon, Endeavour

VAN NUYS, Calif., Sept. 28, 2022 /PRNewswire/ -- Funrise, Inc. in partnership with video game developer Psyonix, has released a line of customizable and remote-controlled Rocket League replica cars.

Key Points: 
  • VAN NUYS, Calif., Sept. 28, 2022 /PRNewswire/ -- Funrise, Inc. in partnership with video game developer Psyonix, has released a line of customizable and remote-controlled Rocket League replica cars.
  • The new Rocket League collection of replica vehicles are available now at Walmart, Target.com, Amazon, and other major retailers in the United States.
  • The Rocket League Custom Racer RC vehicles are 8" in length, available in two models, and customizable in hundreds of ways.
  • Rocket League, Psyonix, and all related marks and logos are registered trademarks or trademarks of Psyonix LLC.

Globalstar Announces Second Quarter 2022 Results

Retrieved on: 
Thursday, August 4, 2022
Mobile, Wireless, Technology, Satellite, Telecommunications, Aerospace, Manufacturing, Internet, Hardware, IOT (Internet of Things), Consumer Electronics, U.S. Securities and Exchange Commission, Intelligence, Global Telecom Holding, Forward-looking statement, NYSE, SmarTone, Modem, Rocket Lab, IOT, Private Securities Litigation Reform Act, Face, MDA, LEO, Ecosystem, Growth, SPOT, Sumathi Best Television Current Reporting Award, Pouliadis Associates Corporation, Nokia, Security (finance), Annual report, History, Government, Fruit, Public expenditure, EBITDA, Engineering, ARPU, Depreciation, Persistent organic pollutant, XCOM, SPOT (satellite), Partnership, Churn, Safety, SpaceX, ERP, Maintenance, Integrity, Commercial, Solution, Spacecraft, Total, Borrowing base, GSAT, Video game, Renewable energy, Communications satellite, Mobile phone, Bank, Television, Airspan Networks, Globalstar, Realm, Duplex

Total revenue for the second quarter of 2022 increased $6.5 million, or 21%, from the second quarter of 2021 primarily due to an increase in service revenue.

Key Points: 
  • Total revenue for the second quarter of 2022 increased $6.5 million, or 21%, from the second quarter of 2021 primarily due to an increase in service revenue.
  • Production issues related to the SmartOne Solar were substantially resolved in the second quarter of 2022 and we expect production of the remaining devices to resume in the third quarter of 2022.
  • Loss from operations was $11.4 million during the second quarter of 2022 compared to $16.0 million during the second quarter of 2021.
  • Net loss was $26.8 million for the second quarter of 2022 compared to $21.4 million for the second quarter of 2021.