secwatch.observer — SEC 8-K summary
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Issuer:     Globalstar, Inc. (GSAT)
CIK:        0001366868
Form:       8-K
Filed at:   2026-08-06T12:02:12+00:00
Accession:  0001366868-26-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globalstar Q2 net loss $26.5M; Amazon merger HSR cleared, close expected 2027
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- Q2 revenue $64.8M, service revenue down 5% YoY; net loss $26.5M vs net income $19.2M in Q2 2025.
- Adjusted EBITDA $26.0M vs $35.8M in prior year; loss from operations $4.8M vs income $6.1M.
- Record Commercial IoT subscriber activations; over 20% LTM gross activation growth.
- Amazon merger: HSR waiting period expired July 17; still awaiting FCC and international approvals; expected close in 2027.
- First set of replacement satellites launch rescheduled for later this month; cash $409.8M, debt $423.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000037/0001366868-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000037/gsat-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001366868-26-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer