---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-21-000072"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T12:45:09.746770+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001366868-21-000072
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000072/0001366868-21-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686821000072/gsat-20211104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-21-000072
- JSON: https://secwatch.observer/filing/0001366868-21-000072.json
- Plain text: https://secwatch.observer/filing/0001366868-21-000072.txt

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