Globalstar Q3 2021: revenue slightly down, SPOT activations up 17% LTM, debt reduced to <$10M

Globalstar, Inc.

2021-Q3 EPS reported -$0.05 revenue$89,822,000

Total revenue decreased slightly YoY, but SPOT service revenue up 4% QoQ and Commercial IoT equipment sales up ~50%.
SPOT LTM gross activations up 17%; subscriber base ~275k, exceeding pre-COVID levels.
Net loss increased $5.9M due to foreign currency and derivative losses; Adjusted EBITDA $10.6M vs $11.5M.
First lien principal balance reduced to $9.3M; expects to pay off fully in coming days.
Band 53 spectrum ecosystem expanding; licensed POPs across three continents.

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.