---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-23-000020"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:22:46.203022+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Globalstar reports 2022 revenue up 19% to $148.5M; Adj. EBITDA +48% to $57.4M

## Summary
- 2022 total revenue $148.5M (+19% YoY); Q4 revenue up 20% YoY.
- Full-year net loss $256.9M includes $174.5M non-cash Duplex impairment; prior year loss $112.6M.
- Adjusted EBITDA $57.4M in 2022 (+48% YoY); Q4 Adj. EBITDA $18.3M (+48%).
- Spain authorized Globalstar to provide terrestrial services over Band 53 (first European authorization).
- Completed preliminary design review with MDA and Rocket Lab for new satellites; launch target 2025.

## SEC filing metadata
- accession: 0001366868-23-000020
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000020/0001366868-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000020/gsat-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-23-000020
- JSON: https://secwatch.observer/filing/0001366868-23-000020.json
- Plain text: https://secwatch.observer/filing/0001366868-23-000020.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported the year ended December 31, 2022 results: revenue $148.5 million.
  - Period: the year ended December 31, 2022
  - Revenue: $148.5 million
  - Result: reported results
  source text: During the twelve months ended December 31, 2022, total revenue increased $24.2 million, or 19%, to $148.5 million from $124.3 million in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000020/0001366868-23-000020-index.htm
- Earnings Releases
  Globalstar, Inc. reported the fourth quarter ended December 31, 2022 results: net income $5.3 million.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: $5.3 million
  - Result: reported results
  source text: Net loss was $5.3 million for the fourth quarter of 2022 compared to $24.0 million for the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000020/0001366868-23-000020-index.htm

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