---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-24-000094"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:45:16.673839+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q2 revenue $60.4M, raises FY2024 outlook; Adj. EBITDA up 20%

## Summary
- Total revenue $60.4M (+10% YoY); service revenue up 18% on wholesale capacity growth.
- Net loss $9.7M vs $0.1M net income year ago; Adjusted EBITDA $32.6M (+20%).
- Commercial IoT service revenue record $6.7M, up 25% YoY; subscriber activations up 20% QoQ.
- FY2024 revenue guidance raised to $235-250M (low end from $225M); Adj. EBITDA margin 53% (from 50%).
- Cash and equivalents $64.3M, up from $56.7M at Dec 2023; operating cash flow $66.5M H1.

## SEC filing metadata
- accession: 0001366868-24-000094
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2024-08-08T23:59:59+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/1366868/000136686824000094/0001366868-24-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000094/gsat-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-24-000094
- JSON: https://secwatch.observer/filing/0001366868-24-000094.json
- Plain text: https://secwatch.observer/filing/0001366868-24-000094.txt

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