Latest news with #53
Yahoo
09-05-2025
- Business
- Yahoo
Globalstar Inc (GSAT) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic Expansions ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue increased by 6% to $60 million compared to the prior year period. Service revenue saw a 7% increase, primarily driven by wholesale capacity services. Globalstar Inc (NASDAQ:GSAT) successfully launched a two-way satellite IoT solution, expanding beyond traditional one-way tracking capabilities. The company opened a new state-of-the-art satellite operations control center, enhancing satellite fleet management capabilities. Strategic appointments of seasoned executives are expected to drive growth in key business segments. Higher cash costs to support excom negatively impacted adjusted EBITA by $1.3 million. Adjusted EBITA margin decreased by approximately 200 basis points compared to the prior year period. The sales cycle for the excom ran product is long and dependent on factors outside of Globalstar Inc (NASDAQ:GSAT)'s control. There is uncertainty regarding the launch dates for the 50 Aurora satellites, as the second launch has not been contracted yet. The private network cellular network business has been less successful than expected, impacting the anticipated growth from CBRS. Warning! GuruFocus has detected 2 Warning Signs with GSAT. Q: Can you provide more details on the economics or assumptions regarding the Excom RAN business? A: We haven't announced any forward-looking revenues yet. Our primary initial customer is a large retailer, and while we're engaged with them, the sales cycle can be lengthy. We're confident in moving forward, and we've expanded our direct sales capability to explore opportunities beyond our current customer. We've also secured some initial government contracts, which we hope will grow. Paul Jacobs, CEO Q: How is the progress on bringing more vendors into the ecosystem, particularly for lower-cost radios? A: We've developed new radios that are lower cost and offer flexibility in terms of the bands we can cover. These radios, showcased at Mobile World Congress, support Band 53 and CBRS. We're also interested in unlicensed cellular opportunities, using Band 53 as an anchor channel, which provides both cost and performance benefits. Paul Jacobs, CEO Q: How important is Band 53 as an anchor spectrum given potential changes in the CBRS band? A: Band 53 is crucial for mission-critical applications, offering guaranteed availability unlike CBRS, which hasn't met expectations for private network business. Our global Band 53 spectrum provides a differentiated position, especially for global IoT applications. Paul Jacobs, CEO Q: When do you expect the replenishment constellation to be completed, and when will the 50 Aurora satellites be launched? A: We haven't announced the launch date for the 50 satellites yet. The service fees tied to the CapEx for replacement satellites will start once the first batch is operational. We're expecting two launches, but the second launch hasn't been contracted yet. Rebecca Clary, CFO Q: What are the financial implications of the service fees related to the replacement satellites? A: The service fees will increase once the first batch of replacement satellites is operational and providing service. Rebecca Clary, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
29-04-2025
- Business
- Business Wire
CDW to Participate in the J.P. Morgan 53rd Annual Global Technology, Media & Communications Conference
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW) today announced that Christine A. Leahy, chair and chief executive officer, and Albert J. Miralles, chief financial officer and executive vice president, enterprise business operations, CDW, will participate in a question and answer session at the J.P. Morgan 53 rd Annual Global Technology, Media and Communications Conference in Boston, Massachusetts on Tuesday, May 13, 2025, at 8:30 a.m. CT/9:30 a.m. ET. The session will be webcast live on An archived copy of the webcast will be available on the same website for 30 days following the completion of the event. About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit CDWPR-F
Business Standard
26-04-2025
- Business
- Business Standard
Praxis Home Retail allots 1.12 lakh equity shares under ESOP
Praxis Home Retail has allotted 1,12,500 equity shares under ESOP on 26 April 2025. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs.67,60,90,920/- divided into 13,52,18,184 equity shares of Rs.5/- each to Rs.67,66,53,420/- divided into 13,53,30,684 equity shares of Rs.5/- each.
Yahoo
27-03-2025
- Politics
- Yahoo
Resolution to develop renewable energy on Lake Erie advances out of Pa. House committee
(The Center Square) ― Studying the viability of renewable energy projects on Lake Erie was the topic of discussion at a recent House Environmental & Natural Resource Protection Committee meeting. Despite some concerns, the committee voted 19-7 to advance House Resolution 53, sponsored by Rep. Bob Merski, of Erie, D-2nd Dist. The resolution proposes that the Joint State Government Commission conduct a study on the feasibility, benefits and drawbacks of developing hydropower, solar and wind energy on Pennsylvania's portion of Lake Erie. 2024: A green energy invention will be tested on Lake Erie. How it works Merski said the study is a response to feedback and constructive criticism received on House Bill 254, legislation he introduced last session that proposed leasing submerged lands of the lake for offshore wind, solar and kinetic energy generation. Stressing that he took concerns regarding such projects and their impact on bird habitats and aquatic life seriously, the study was developed in collaboration with stakeholders from all sides to address these issues. He highlighted a prototype already in place in his district, in which kinetic energy projects in Harborcreek Township are generating electricity from waves on Lake Erie. Regardless of the study's outcome, Merski said, gathering more information will help guide future decisions. Seven of the 12 Republican committee members voted the measure down. Minority Chair Jack Rader, of Reeders, Monroe County, R-176th Dist., acknowledged Merski's intentions but questioned the initiative's effectiveness due to the limited amount of Lake Erie that Pennsylvania owns. He expressed concerns about its effect on outdoor recreation, shipping and tourism and noted the opposition he has heard from area representatives. Merski responded that the state owns hundreds of thousands of acres along a 50-mile stretch and explained that projects would not be near land and would not affect Presque Isle State Park, the most visited Department of Conservation and Natural Resources parks in the state. He said the study's purpose was to ensure that groups such as the Presque Isle State Park Advisory Committee, S.O.N.S. of Lake Erie and the Audubon Society — with whom he said he has met — are supportive of moving forward. He warned that the governor could decide to proceed without their approval and underscored the importance of the legislature's involvement in securing the best deal for the commonwealth. Speaking in support of the legislation, Rep. Abigail Salisbury, of Braddock, D-34th Dist., noted the lake's role as a tourism and transportation asset that benefits the community. She also emphasized the importance of studying its potential for energy production. 'We need to know about it because you can't make good decisions without good information," Salisbury said. More: Pennsylvania trails in race among states to be first with Great Lakes wind farm Rep. Mandy Steele, of Cheswick, D-33rd Dist., said there is significant interest in harnessing the Allegheny River's power through underwater turbines in her district. However, she said that balancing recreational activities and energy generation is important. She believes this balance can be achieved and that the study would yield useful information that can be applied across the commonwealth. Merski said his legislation would help diversify Pennsylvania's energy portfolio while prioritizing the use of clean, renewable energy to efficiently power Pennsylvania without increasing utility prices for consumers. More: NOAA seeks advisory council for proposed marine sanctuary in Pa. portion of Lake Erie 'The Erie region has a tremendous opportunity to be a leader in the development of green energy,' Merski said. 'This bill would put us in a position to rise to the occasion by creating a vast, reliable energy network that will reduce our carbon footprint. 'Additionally, the economic impact of this legislation would be a boon for the Erie area as the projects would be an incredible source of family-sustaining jobs. This is a win-win for our region, and I look forward to championing this vital bill throughout its legislative journey.' The bill heads to the House floor for consideration. This article originally appeared on Erie Times-News: Lake Erie green energy development bill advances in PA House
