Globalstar Q1 revenue up 22%; Adjusted EBITDA $10.3M, satellite deal with MDA

Globalstar, Inc.

2022-Q1 EPS reported -$0.01 revenue$32,772,000

Total revenue increased 22% YoY to ~$32.2M driven by $6.8M in engineering service revenue under Terms Agreement.
Loss from operations improved to $13.7M from $19.3M; net loss improved by $15.9M YoY.
Adjusted EBITDA rose 72% to $10.3M from $6.0M in Q1 2021.
Entered satellite procurement agreement with MDA; plan to launch on-ground spare satellite in coming months.
Commercial IoT revenue up 8% YoY; SPOT gross activations up 18% YoY; component shortages persist.

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.