---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-23-000096"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:33:59.008973+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q2 revenue up 50% to $55.1M; raises low end of FY 2023 guidance to $200M

## Summary
- Net income near breakeven vs $26.8M loss; Adj. EBITDA $27.0M, up 86% YoY.
- Commercial IoT gross activations at record high; equipment sales revenue more than doubled for third straight quarter.
- Cash and equivalents $65.3M, more than double year-end 2022 balance of $32.1M.
- FY 2023 guidance: total revenue $200-230M (prior low $185M); Adj. EBITDA margin ~55%.

## SEC filing metadata
- accession: 0001366868-23-000096
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1366868/000136686823000096/0001366868-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000096/gsat-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-23-000096
- JSON: https://secwatch.observer/filing/0001366868-23-000096.json
- Plain text: https://secwatch.observer/filing/0001366868-23-000096.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported second quarter of 2023 results: revenue $55.1 million, net income less than $0.1 million. Guidance raised.
  - Period: second quarter of 2023
  - Revenue: $55.1 million
  - Net income: less than $0.1 million
  - Guidance: raised
  - Result: reported results
  source text: Total revenue increased $18.3 million, or 50%, to $55.1 million during the second quarter of 2023 compared to the second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000096/0001366868-23-000096-index.htm

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