Globalstar Q1 revenue $70.1M (+17% YoY); announces merger with Amazon at $90/share

Globalstar, Inc.

2026-Q1 EPS reported -$0.16 revenue$70,064,000

Q1 2026 revenue $70.1M (+17% YoY); service revenue $66.7M, equipment sales $3.4M.
Net loss $17.4M (vs $17.3M YoY); income from operations $8.2M (vs loss $8.5M YoY).
Adjusted EBITDA $33.5M (vs $30.4M YoY); cash $358.4M.
Merger with Amazon: $90/share cash or 0.3210 Amazon shares (capped at $90); closing expected 2027.
FCC Space Bureau reaffirmed Globalstar's exclusive Big LEO MSS rights, rejecting spectrum-sharing requests.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Globalstar, Inc. reported first quarter ended March 31, 2026 results: revenue $70.1 million.

Period: first quarter ended March 31, 2026
Revenue: $70.1 million
Result: reported results

Exact text from the filing

forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- GLOBALSTAR ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS • Generated first quarter 2026 revenue of $70.1 million, a 17% increase from the prior year's first quarter, bolstered by higher wholesale capacity services revenue • Announced entry into definitive merger agreement with Amazon •

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Source: SEC EDGAR

accession 0001366868-26-000027

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