Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA.</li><li>Total revenue grew by 25% from the previous year, reaching a record $72 million.</li><li>Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024.</li></ul>

Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA.Total revenue grew by 25% from the previous year, reaching a record $72 million.Service revenue increased by 28%, primarily driven by wholesale capacity revenue and the recognition of performance bonuses for 2023 and part of 2024.

Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! - Major Drivers

<ul><li>Globalstar recently held its second quarter 2024 earnings call, where the company reported a robust performance with significant gains in several key financial areas.</li><li>Revenue for the quarter reached $60.4 million, marking a 10% increase year-over-year, driven primarily by an 18% rise in service revenue.</li><li>This growth in service revenue is particularly important as it directly enhances the company's profitability due to inherent operating leverage, demonstrated by a 20% increase in adjusted EBITDA and an improved margin of 54%.</li></ul>

Globalstar recently held its second quarter 2024 earnings call, where the company reported a robust performance with significant gains in several key financial areas.Revenue for the quarter reached $60.4 million, marking a 10% increase year-over-year, driven primarily by an 18% rise in service revenue.This growth in service revenue is particularly important as it directly enhances the company's profitability due to inherent operating leverage, demonstrated by a 20% increase in adjusted EBITDA and an improved margin of 54%.

Globalstar Inc.: Satellite Network Modernization & Expansion In Middle East As A Critical Growth Catalyst! - Major Drivers

<ul><li>Globalstar, a leading provider of satellite communications and mobile satellite services, recently released its first quarter 2024 financial earnings alongside updates on operational milestones.</li><li>These developments provide valuable insights into their efforts to leverage both satellite and terrestrial technology segments.</li><li>Firstly, Globalstar has announced a significant agreement with a government services company to utilize its satellite network for essential applications, indicating confidence in the robustness and reliability of its satellite capabilities.</li></ul>

Globalstar, a leading provider of satellite communications and mobile satellite services, recently released its first quarter 2024 financial earnings alongside updates on operational milestones.These developments provide valuable insights into their efforts to leverage both satellite and terrestrial technology segments.Firstly, Globalstar has announced a significant agreement with a government services company to utilize its satellite network for essential applications, indicating confidence in the robustness and reliability of its satellite capabilities.

Globalstar Inc.: How Will Expansion into Micro Fulfillment Centers (MFCs) Pan Out For Them? - Major Drivers

Globalstar Inc.: Will Its Expansion into Micro Fulfillment Centers (MFCs) Pay Off? - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>GSAT is a telecom infrastructure provider with two core businesses: Mobile Satellite Services and spectrum holdings</li><li>Despite progress and validation from companies like Apple and Qualcomm, the stock price does not reflect the value of the assets</li><li>Recent developments, including partnerships and leadership changes, indicate a promising future for GSAT, despite past challenges and skepticism from institutional investors</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

GSAT is a telecom infrastructure provider with two core businesses: Mobile Satellite Services and spectrum holdingsDespite progress and validation from companies like Apple and Qualcomm, the stock price does not reflect the value of the assetsRecent developments, including partnerships and leadership changes, indicate a promising future for GSAT, despite past challenges and skepticism from institutional investorsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Globalstar Inc (GSAT) - Monday, Dec 11, 2023

United States

Globalstar, Inc. provides mobile voice and data communications services via satellite. The Company primarily provides business and recreational communications to industry, government, and individual customers located in remote areas throughout the world.

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Globalstar Inc (GSAT US)

Globalstar Inc.: Expanding Market Opportunities & Service Offerings To Redefine the Industry! - Major Drivers

Globalstar reported strong results for the third quarter of 2024, with notable growth in both revenue and adjusted EBITDA. Total revenue grew by...

Baptista Research

Globalstar Inc.: Satellite Network Modernization & Expansion In Middle East As A Critical Growth Catalyst! - Major Drivers

Globalstar recently held its second quarter 2024 earnings call, where the company reported a robust performance with significant gains in several...

Baptista Research

Globalstar Inc.: How Will Expansion into Micro Fulfillment Centers (MFCs) Pan Out For Them? - Major Drivers

Globalstar, a leading provider of satellite communications and mobile satellite services, recently released its first quarter 2024 financial...

Baptista Research

Globalstar Inc.: Will Its Expansion into Micro Fulfillment Centers (MFCs) Pay Off? - Major Drivers

Globalstar, a leading provider of satellite communications and mobile satellite services, recently released its first quarter 2024 financial...

Baptista Research

Globalstar Inc (GSAT) - Monday, Dec 11, 2023

ecent developments, including partnerships and leadership changes, indicate a promising future for GSAT, despite past challenges and skepticism...

Value Investors Club

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