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Globalstar, Inc. (GSAT) filed an 8-K current report with the SEC on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q2 and first-half 2026 financial and operating results announced for periods ended June 30, 2026.
Globalstar, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q2 and first-half 2026 financial and operating results announced for periods ended June 30, 2026
- Press release furnished as Exhibit 99.1, containing the substantive results
- Disclosure furnished under Regulation FD, limiting Section 18 liability and incorporation by reference
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue $64.8M, down from $67.1M, but comparable service revenue increased $3.4M excluding prior-year $6.6M out-of-period revenue
- Commercial IoT subscribers reached 580,427, while SPOT and Duplex subscribers declined to 207,606 and 15,755
- Q2 net loss $26.5M versus $19.2M income, driven by higher interest expense, foreign-currency losses, and Amazon transaction costs
- Adjusted EBITDA fell to $26.0M from $35.8M, reflecting higher operating costs and reduced reported revenue
- Amazon transaction remains targeted for 2027; HSR waiting period expired July 17, but FCC, international approvals, and satellite milestones remain closing conditions
- Cash $409.8M versus $447.5M at year-end, with $208.3M capital expenditures and principal debt rising to $423.7M
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