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Globalstar — Third Quarter 2026 Earnings Summary

Globalstar reported third-quarter 2026 revenue of $70.9 million, driven by strong Commercial IoT device sales and subscriber activations. The company successfully launched its first set of HIBLEO-4 replacement satellites and secured key regulatory authorizations for its next-generation C-3 constellation in the U.S. and Germany. Net loss for the quarter was $15.7 million, primarily due to higher interest expenses from non-cash imputed interest and unfavorable changes in operating income. Additionally, the FCC approved Amazon's application to acquire Globalstar's FCC licensing, with the transaction expected to close in 2027 pending remaining conditions.

Company
GLOBALSTAR INC
Sector
Communication Services
Industry
Telecom Services