Globalstar Inc. reported its financial results for the first quarter of 2025, noting a 6% increase in total revenue to $60.0 million compared to the same period the previous year. This rise was primarily driven by a robust performance in wholesale capacity services, which contributed significantly to the higher service revenue of $57.1 million. The company also reported $3.0 million from subscriber equipment sales. The net loss for the quarter was $17.3 million, influenced predominantly by non-cash items. Globalstar's Adjusted EBITDA for the quarter stood at $30.4 million, marking an increase from $29.6 million in the first quarter of 2024, with a margin of 51%. Additionally, Globalstar announced the launch of a two-way satellite commercial IoT solution, with mass production anticipated in the second quarter of 2025. The company also introduced a new state-of-the-art Satellite Operations Control Center at its headquarters in Covington, Louisiana, enhancing satellite fleet management and network performance. Globalstar reiterated its financial guidance for the year, expecting revenue to range between $260 million and $285 million, with an Adjusted EBITDA margin of approximately 50%.