Globalstar, INC 8-K filings

Globalstar reported second quarter 2026 results with a revenue decrease and a net loss, while noting progress on its merger with Amazon and record IoT subscriber activations.

Globalstar reported a 17% revenue increase to $70.1 million for Q1 2026, driven by wholesale capacity services, and announced a definitive merger agreement with Amazon.

Amazon has entered into a definitive agreement to acquire Globalstar, Inc. for approximately $11 billion, aiming to integrate Globalstar's satellite assets and spectrum into Amazon's Project Kuiper network to enhance direct-to-device services.

Globalstar, Inc. announced strong financial and operating results for the full year 2025, achieving record revenue and improved profitability, driven by significant advancements in its satellite and IoT capabilities.

Globalstar reported record third-quarter 2025 revenue of $73.8 million, driven by wholesale capacity services and subscriber equipment sales, while reaffirming its full-year financial guidance.

Globalstar, Inc. reported an 11% increase in second-quarter 2025 revenue to $67.1 million and a net income of $19.2 million, while reaffirming its full-year financial outlook.

Globalstar's stockholders approved an amendment to the company's certificate of incorporation to provide for officer exculpation, among other matters, at the 2025 annual meeting.

Globalstar reports a 6% increase in first quarter 2025 revenue to $60.0 million, driven by strong performance in wholesale capacity services.

Globalstar reports a 12% increase in full-year 2024 revenue, reaching a record $250.3 million, and reiterates its 2025 financial outlook.

Globalstar will implement a 1-for-15 reverse stock split and transfer its listing from NYSE American to the Nasdaq Global Select Market effective February 11, 2025.

Globalstar intends to voluntarily delist from the NYSE American and transfer its listing to the Nasdaq Global Select Market, contingent upon the completion of a reverse stock split.

Globalstar Inc. has secured shareholder approval for a reverse stock split and a proportional reduction in authorized shares, with the specific ratio and timing to be determined by company officers.

Globalstar hosted an analyst and investor day, reaffirming its 2024 financial guidance, introducing 2025 guidance, and outlining its strategic initiatives and growth opportunities.

Globalstar announced a 25% increase in total revenue for the third quarter of 2024, driven by growth in wholesale capacity services.

Globalstar has successfully completed its updated services agreements, including the full payoff of its 2023 13% Notes and the issuance of 400,000 Class B Units of its subsidiary.

Globalstar has entered into an agreement with Apple to expand its satellite services, including a new satellite constellation, ground infrastructure, and global licensing, funded by prepayments and an equity investment from Apple.

Globalstar announced record revenue for the second quarter of 2024, driven by growth in wholesale capacity services, leading to increased Adjusted EBITDA and a raised full-year revenue guidance.

Globalstar held its annual meeting on May 21, 2024, electing two Class C directors and ratifying Ernst & Young LLP as its independent auditor for the fiscal year ending December 31, 2024.

Globalstar's first quarter 2024 results show increased service revenue but a net loss, while the company progresses with new government contracts and XCOM RAN technology.

Globalstar, Inc. reports the sudden passing of board member Michael J. Lovett, who had served as a director since 2018.

Globalstar reports a record annual revenue of $224 million in 2023, marking a significant 50% year-over-year increase, driven by strong performance in wholesale capacity and Commercial IoT services.