---
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"
generated_at: "2026-06-29T21:25:10.282217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-21-000062
- JSON: https://secwatch.observer/filing/0001366868-21-000062.json
- Plain text: https://secwatch.observer/filing/0001366868-21-000062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.