---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-24-000113"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:23:22.546774+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Globalstar Q3 revenue up 25% to $72.3M; net income $9.9M; raises FY guidance

## Summary
- Q3 revenue $72.3M (+25% YoY); service revenue $68.9M, driven by wholesale capacity including $7.5M out-of-period bonus.
- Net income $9.9M vs loss of $6.2M; Adjusted EBITDA record $42.8M, up 34%.
- Raises FY 2024 revenue guidance to $245M-$250M (prior $235M-$250M); Adj. EBITDA margin now ~54%.
- FCC approved extension of HIBLEO-4 constellation by 15 years and up to 26 replacement satellites.
- Extended services agreements with largest customer; includes new satellite constellation and expanded ground infrastructure.

## SEC filing metadata
- accession: 0001366868-24-000113
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000113/0001366868-24-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686824000113/gsat-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-24-000113
- JSON: https://secwatch.observer/filing/0001366868-24-000113.json
- Plain text: https://secwatch.observer/filing/0001366868-24-000113.txt

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