---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000087"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:27:01.907069+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q3 revenue up 15% YoY, net loss $204.4M on $174.5M Duplex impairment

## Summary
- Q3 2022 total revenue +15% YoY (+$5.0M) driven by service revenue; equipment sales down on supply chain disruptions.
- Adjusted EBITDA Q3 $14.2M, up 35% YoY; nine-month Adj EBITDA $39.1M, up 48%.
- Net loss $204.4M includes $174.5M non-cash impairment charge for abandoned second-generation Duplex assets.
- FY2023 guidance: revenue $185M-$230M, Adj EBITDA margin ~55%; cash $14.7M as of Sept 30; pursuing new debt financing.

## SEC filing metadata
- accession: 0001366868-22-000087
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000087/0001366868-22-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000087/gsat-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000087
- JSON: https://secwatch.observer/filing/0001366868-22-000087.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000087.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported financial results for the quarter ended September 30, 2022.
  - Period: the quarter ended September 30, 2022
  - Result: reported results
  source text: Globalstar, Inc. (the "Company") issued a press release to report third quarter 2022 operating and financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000087/0001366868-22-000087-index.htm
- Earnings Releases
  Globalstar, Inc. reported financial results for the nine months ended September 30, 2022.
  - Period: the nine months ended September 30, 2022
  - Result: reported results
  source text: Globalstar, Inc. (the "Company") issued a press release to report third quarter 2022 operating and financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000087/0001366868-22-000087-index.htm

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