---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000037"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:29:04.536857+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001366868-22-000037
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-05-05T23:59:59+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/1366868/000136686822000037/0001366868-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000037/gsat-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000037
- JSON: https://secwatch.observer/filing/0001366868-22-000037.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000037.txt

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