---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-23-000055"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:12:55.459198+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q1 revenue +79% to $58.6M; ops income $7.2M vs loss; Adj EBITDA $32.6M

## Summary
- Total revenue $58.6M (+79% YoY); service revenue up 80% on wholesale capacity and $6.5M from Service Agreement amendment.
- Income from operations $7.2M vs loss of $13.7M; net loss narrowed to $3.5M from $20.5M; Adj EBITDA $32.6M (+216%).
- Commercial IoT service revenue up 11% YoY; gross activations up 74% over trailing twelve months; back orders fulfilled.
- Paid off remaining 2019 Facility and MDA financing with $200M non-convertible note (5% OID); balance sheet improved.
- Terrestrial spectrum authority received in Spain (11 countries); agreement signed with Qualcomm for Band n53 chipset enablement.

## SEC filing metadata
- accession: 0001366868-23-000055
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1366868/000136686823000055/0001366868-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000055/gsat-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-23-000055
- JSON: https://secwatch.observer/filing/0001366868-23-000055.json
- Plain text: https://secwatch.observer/filing/0001366868-23-000055.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported first quarter 2023 results: revenue $58.6 million.
  - Period: first quarter 2023
  - Revenue: $58.6 million
  - Result: reported results
  source text: Total revenue increased $25.9 million, or 79%, to $58.6 million during the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000055/0001366868-23-000055-index.htm

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