---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000054"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T03:50:45.761087+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q2 revenue +21% YoY; record Adjusted EBITDA $14.6M up 49%

## Summary
- Revenue grew $6.5M (+21% YoY) driven by service revenue up $7.4M; equipment sales down $0.9M due to supply chain.
- Adjusted EBITDA reached record $14.6M (+49% YoY); net loss widened to $26.8M on non-cash items.
- Signed binding deal for 23,000 SmartOne IoT devices, largest single IoT order in company history.
- Production of core SPOT and IoT devices to resume in H2 2022 after component shortages; backorders accumulated.
- Satellite procurement agreement with MDA for 17 spacecraft on track; financing for satellite costs being pursued.

## SEC filing metadata
- accession: 0001366868-22-000054
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-08-04T23:59:59+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/1366868/000136686822000054/0001366868-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000054/gsat-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000054
- JSON: https://secwatch.observer/filing/0001366868-22-000054.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000054.txt

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