{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-21-000062","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2021-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.843121+00:00","generated_at":"2026-06-29T21:25:10.282217+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Globalstar Q2 2021: SPOT activations up 33%, net loss improves $3.3M, debt reduced","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-21-000062","json":"https://secwatch.observer/filing/0001366868-21-000062.json","markdown":"https://secwatch.observer/filing/0001366868-21-000062.md","text":"https://secwatch.observer/filing/0001366868-21-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686821000062/0001366868-21-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686821000062/gsat-20210805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T21:25:10.282217+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}