Globalstar Q2 2021: SPOT activations up 33%, net loss improves $3.3M, debt reduced

Globalstar, Inc.

2021-Q2 EPS reported -$0.03 revenue$57,208,000

Total revenue declined slightly YoY; subscriber equipment sales up $1.4M driven by Commercial IoT more than doubling.
SPOT activations rose 33% and churn fell 40% YoY; Commercial IoT ARPU increased on higher usage.
Adjusted EBITDA of $9.8M consistent with prior year; operating costs rose $0.5M on inventory obsolescence and software fees.
Net loss decreased $3.3M due to lower interest expense, PPP loan forgiveness gain, and favorable FX, partly offset by derivative loss.
First Lien principal reduced to $46.8M after using $37.5M advance payment; net first lien under $50M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.