---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-24-000024"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:28:00.197039+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Globalstar reports record 2023 revenue of $224M; guides 2024 rev $225-250M

## Summary
- Q4 revenue $52.4M (+27% YoY); Q4 net loss $15.1M vs $5.3M loss in prior year quarter.
- Full-year revenue $224M (+51% YoY); Adjusted EBITDA $117M (+103% YoY).
- Received $1.5M XCOM RAN order from major US retailer for warehouse automation; potential scale.
- Executed government services contract: $2.5M proof-of-concept, then 5-yr term with annual minimums up to $20M.
- Guidance FY2024 revenue $225-250M with ~50% Adjusted EBITDA margin.

## SEC filing metadata
- accession: 0001366868-24-000024
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000024/0001366868-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000024/gsat-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-24-000024
- JSON: https://secwatch.observer/filing/0001366868-24-000024.json
- Plain text: https://secwatch.observer/filing/0001366868-24-000024.txt

## Key facts
- Earnings Releases
  Globalstar, Inc. reported fourth quarter and year ended December 31, 2023 results: revenue $52.4 million.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: $52.4 million
  - Result: reported results
  source text: Total revenue increased $11.1 million, or 27%, to $52.4 million during the fourth quarter of 2023 compared to the fourth quarter of 2022 due to higher service revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000024/0001366868-24-000024-index.htm

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