Zinger Key Points
- GCT Semiconductor and Globalstar partner to develop two-way satellite messaging for mobile devices and IoT modules.
- Globalstar to use GCT's 4G LTE and 5G IoT chips, enabling seamless switching between cellular and satellite networks worldwide.
- Every week, our Whisper Index uncovers five overlooked stocks with big breakout potential. Get the latest picks today before they gain traction.
On Tuesday, 5G semiconductor solutions supplier GCT Semiconductor Holding Inc and Globalstar, Inc GSAT announced a partnership to develop two-way satellite messaging systems for Globalstar’s mobile devices and modules.
Globalstar recently announced that the RM200M product will use GCT’s IoT chip, GDM7243i.
Future products will support Globalstar’s satellite network using GCT’s 4G LTE chip, GDM7243SL, and 5G IoT-enabled chipset.
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Globalstar VP Alex Katko said GCT’s GDM7243i is a top choice for narrowband IoT applications, including trackers and satellite GPS devices. He added that the narrowband and low-power capability of GDM7243i, alongside the flexible multi-mode GDM7243SL, will enable Globalstar devices and modules to fully connect and seamlessly switch between cellular and satellite networks worldwide.
In January, Apple Inc AAPL tapped SpaceX to support the iPhone Starlink satellite network. Apple already offers a satellite service through its collaboration with Globalstar.
Globalstar reported fourth-quarter revenue of $61.18 million, up 17%, missing the analyst consensus estimate of $62.43 million. Adjusted EPS loss of $(0.20) missed the analyst consensus loss estimate of $(0.02). The company reiterated fiscal 2025 revenue of $260 million-$285 million compared to analyst consensus estimate of $279.59 million.
Price Action: GSAT stock is down 2.56% at $20.40 at the last check Tuesday.
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