Globalstar announced second quarter 2026 revenue of $64.8 million, including $60.0 million in service revenue and $4.8 million from subscriber equipment sales, while continuing to advance its merger with Amazon. The waiting period under the HSR Act expired in July 2026, and the companies are now working with remaining regulators including the FCC, with the transaction expected to close in 2027. The company also reported a net loss of $26.5 million for the quarter, compared to net income of $19.2 million a year earlier, and adjusted EBITDA of $26.0 million, down from $35.8 million. Globalstar achieved record high Commercial IoT subscriber activations and is preparing to launch its first set of replacement satellites later this month as part of its next-generation constellation initiatives.
Globalstar, Inc. Common StockGlobalstar reports Q2 revenue and progress on Amazon merger, with HSR waiting period expired and expected close in 2027.
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