---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000020"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:41:15.893547+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Globalstar signs $327M satellite contract, Q4 adjusted EBITDA up 26% to $12.4M

## Summary
- Entered $327M procurement agreement with MDA for 17 satellites; expects delivery by 2025.
- Q4 2021 adjusted EBITDA $12.4M, up 26% YoY; FY2021 adjusted EBITDA $38.7M, down 8%.
- Full-year 2021 revenue $124.3M, down 3%; net loss $112.6M vs $109.6M in 2020.
- Paid off $187M first-lien debt during 2021; plans senior secured financing for satellite capex.
- Customer under Terms Agreement to reimburse 95% of approved satellite costs.

## SEC filing metadata
- accession: 0001366868-22-000020
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000020/0001366868-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000020/gsat-20220224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000020
- JSON: https://secwatch.observer/filing/0001366868-22-000020.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000020.txt

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