Globalstar (GSAT) risk factors
Item 1A of every Globalstar, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors43 risks2 new4 dropped14 reworded
Delays in replacement satellite deliveries from MDA Space threaten Phase 2 services and revenue under Updated Services Agreements. Increased US tariffs and changing trade policies raise equipment and manufacturing costs. Debt obligations total $410.0 million alongside $708.6 million in Infrastructure Prepayment.
Filed Feb 27, 2026 - FY2024 10-K risk factors45 risks
Customer concentration under the Updated Services Agreements accounts for 58% of revenue. Operations face intense capital requirements, satellite launch risks, and strict spectrum regulations. Financing arrangements and restrictive covenants limit financial flexibility.
Filed Feb 28, 2025