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Focused on a niche area, GSAT faces competition from Iridium Communications Inc. (NASDAQ:IRDM) and ORBCOMM Inc. (ORBC). Furthermore, GSAT’s top line declined in the second quarter (ended June 30, 2021). In addition, its decline in Duplex subscribers is expected to continue in the near term, and its SPOT segment’s average revenue per unit (ARPU) could also continue to decrease. So, its near-term prospects look bleak.
Here are the factors that we think could influence GSAT’s performance in the coming months:
