---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-23-000137"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:41:28.928012+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q3 revenue up 53% to $57.7M; raises FY guidance to $215-230M

## Summary
- Q3 total revenue $57.7M (+53% YoY); net loss narrowed to $6.2M from $204.4M loss a year ago.
- Adjusted EBITDA $32.0M (+125% YoY); full-year 2023 revenue guidance raised to $215-230M (45-55% growth).
- Service revenue +61% driven by wholesale; Commercial IoT revenue +36% with record gross activations.
- SPOT equipment sales +12% YoY; all SPOT products now in normal production.
- Cash and cash equivalents $64.1M at Sept 30, 2023, up from $32.1M at Dec 31, 2022.

## SEC filing metadata
- accession: 0001366868-23-000137
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2023-11-02T23:59:59+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/1366868/000136686823000137/0001366868-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000137/gsat-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-23-000137
- JSON: https://secwatch.observer/filing/0001366868-23-000137.json
- Plain text: https://secwatch.observer/filing/0001366868-23-000137.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported the third quarter of 2023 results: revenue $57.7 million, net income $6.2 million. Guidance raised.
  - Period: the third quarter of 2023
  - Revenue: $57.7 million
  - Net income: $6.2 million
  - Guidance: raised
  - Result: reported results
  source text: Total revenue increased $20.1 million, or 53%, to $57.7 million during the third quarter of 2023 compared to the third quarter of 2022, due to higher service revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686823000137/0001366868-23-000137-index.htm

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