Globalstar, Inc. (GSAT) Q3 2023 Earnings Call Transcript

Globalstar, Inc. (NYSE:GSAT) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET

Company Participants

Paul Jacobs – CEO

Rebecca Clary – VP & CFO

Timothy Taylor – VP, Finance, Business Operations & Strategy and Director

Kyle Pickens – VP, Strategy and Communications

Conference Call Participants

Simon Flannery – Morgan Stanley

Michael Crawford – B. Riley Securities

George Sutton – Craig-Hallum Capital Group

Walter Piecyk – LightShed Partners


Good day, and thank you for standing by. Welcome to the Globalstar 3Q 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Globalstar CEO, Paul Jacobs. Please go ahead.

Paul Jacobs

Thank you very much, and welcome, everyone, to my first quarterly call as CEO of Globalstar. I’m joined today by Rebecca Clary, our CFO, and Tim Taylor, our VP of Finance, Business Operations and Strategy; and Kyle Pickens, our VP of Strategy.

I’ll start by making some brief comments, and then we’ll spend the bulk of our time getting to your questions. But first, please note that today’s call contains forward-looking statements intended to fall within the safe harbor provided under the securities laws. Factors that could cause the results to differ materially are described in the forward-looking statements and Risk Factors section of Globalstar’s SEC filings, including its annual report on Form 10-K and for the financial year ending 2022 and as well as this morning’s earnings release.

So most of you who know me from Qualcomm will remember my basic approach here to shareholders, analysts and the investment community is to keep the lines of communication open. I’m looking forward to getting to know more of our stakeholders and to that end, we’ll be getting out to more events, and we

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