Globalstar, INC

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, Inc. reported a net loss for the quarter ended June 30, 2026, with total revenue seeing a slight decrease, though certain service segments showed growth, all while navigating the pending acquisition by Amazon.

Globalstar, Inc. reported its first quarter 2026 financial results, highlighted by a significant increase in revenue and the announcement of a definitive agreement to be acquired by Amazon.com, Inc.

Globalstar reports increased revenue and operating income for Q3 2025, but net income declined significantly due to higher interest expenses and a satellite disposal loss, as it continues massive network investments.

Globalstar reports significant revenue growth driven by its expanded services agreement with Apple, alongside substantial investments in new satellite constellations and ground infrastructure.

Globalstar's Q1 2025 revenue increased by 6% year-over-year, primarily driven by growth in wholesale capacity services related to the Updated Services Agreements.

Globalstar's Q3 2024 results show a 26% increase in total revenue, driven by growth in wholesale capacity services and strategic shifts in its product offerings.

Globalstar, Inc. announced a 9% revenue increase and a significant reduction in net loss for 2025, driven by wholesale capacity services and strategic investments in its next-generation satellite network.

Globalstar's 2024 10-K filing highlights its strategic focus on mobile satellite services, terrestrial spectrum solutions, and partnerships, particularly with Apple, while navigating competitive and regulatory landscapes.

Globalstar's recent 10-K filing details the company's capital stock structure, anti-takeover measures, and corporate governance policies as of December 31, 2023.

Rebecca Clary, VP & Chief Financial Officer of Globalstar, Inc., sold 24,100 shares of common stock on August 14, 2026 for $82.17 per share.

Timothy Evan Taylor, VP, Finance & Operations and a Director of Globalstar, Inc., sold 150,000 shares of common stock on August 12, 2026.

Benjamin G Wolff, a Director of Globalstar, Inc., sold 56,711 shares of common stock on August 11, 2026.

L Barbee Ponder Iv, General Counsel of Globalstar, Inc., sold 4,720 shares of common stock on August 11, 2026 for $83.52 per share.

L Barbee Ponder Iv, General Counsel of Globalstar, Inc., sold 12,045 shares of common stock on August 7, 2026 for $83.21 per share.

Globalstar, Inc. CFO Rebecca Clary sold 920 shares of common stock on June 4, 2026, pursuant to a Rule 10b5-1 trading plan.

Globalstar, Inc. has filed a definitive proxy statement with the Securities and Exchange Commission.

Globalstar is asking stockholders to vote on key proposals including an amendment to the Thermo Guaranty Agreement and a provision for officer exculpation at the upcoming Annual Meeting.

Globalstar's majority stockholder approved a reverse stock split and a reduction in authorized shares to potentially improve marketability and achieve NASDAQ listing.

Globalstar's 2024 proxy statement outlines key proposals for the annual meeting, including the election of directors and ratification of the independent accounting firm.

Globalstar, Inc. has entered into a definitive merger agreement to be acquired by Amazon.com, Inc. for $90 per share in cash or stock.