{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-24-000067","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.105586+00:00","generated_at":"2026-06-02T09:09:38.726594+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Globalstar Q1 2024 net loss $13.2M, Adj EBITDA $29.6M; reiterates FY revenue $225M-$250M","bullets":["Service revenue up $0.5M YoY; excluding nonrecurring items, up 7% YoY. Subscriber equipment sales down $2.7M vs record prior-year quarter.","Loss from operations $4.7M vs income of $7.2M in Q1 2023; net loss widened to $13.2M from $3.5M.","New govt contract POC started Feb 2024 ($2.5M); potential 5-yr agreement with min revenue escalating to $20M in year 5.","XCOM RAN commercial deliveries began April 2024 for major retailer; tests showed 4x-5x capacity gains; part of govt 5G study.","Cash $59.3M; FY2024 guidance reaffirmed: total revenue $225M-$250M, Adj EBITDA margin ~50%."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-24-000067","json":"https://secwatch.observer/filing/0001366868-24-000067.json","markdown":"https://secwatch.observer/filing/0001366868-24-000067.md","text":"https://secwatch.observer/filing/0001366868-24-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686824000067/0001366868-24-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686824000067/gsat-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T09:09:38.726594+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9de224b47c320f0bda805bde1e6ccc80b4fe62f","claim":"Globalstar, Inc. updated its the first quarter ended March 31, 2024 guidance (reaffirmed).","evidence_excerpt":"On May 8, 2024, Globalstar, Inc. (the \"Company\") issued a press release announcing the Company's financial and operating results for the three months ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1366868/000136686824000067/0001366868-24-000067-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}