Summary
This 10-K/A filing from Globalstar, Inc. (GSAT) on June 25, 2012, serves as an amendment to their original March 13, 2012 filing. The primary purpose of this amendment is to address comments from the SEC staff regarding a confidential treatment request. Importantly, the amendment does not introduce new material information or changes to the original 10-K and therefore does not reflect events occurring after March 13, 2012. Investors reviewing this document should understand that it's a procedural update rather than a disclosure of new operational or financial performance. The core financial and operational details for the fiscal year ending December 31, 2011, remain as presented in the original filing. The company is identified as an accelerated filer, not a seasoned issuer, and not a shell company.
Financial Highlights
46 data points| Revenue | $72.83M |
| Cost of Revenue | $11.93M |
| Gross Profit | $60.90M |
| R&D Expenses | $1.90M |
| SG&A Expenses | $33.82M |
| Operating Expenses | $146.06M |
| Operating Income | -$73.23M |
| Interest Expense | $4.82M |
| Net Income | -$54.92M |
| EPS (Basic) | $-2.70 |
| EPS (Diluted) | $-2.70 |
| Shares Outstanding (Basic) | 19.94M |
| Shares Outstanding (Diluted) | 19.94M |
Key Highlights
- 1This filing is an amendment (10-K/A) to the original 2011 annual report, filed on June 25, 2012.
- 2The amendment's purpose is to address SEC staff comments on a confidential treatment request, not to introduce new operational or financial information.
- 3No material changes or new information beyond the original 10-K filed on March 13, 2012, are presented.
- 4Globalstar, Inc. is classified as an accelerated filer, not a well-known seasoned issuer or a shell company.
- 5The aggregate market value of common stock held by non-affiliates as of June 30, 2011, was approximately $130.7 million.
- 6As of March 2, 2012, there were over 297 million shares of voting common stock and over 78 million shares of nonvoting common stock outstanding.
- 7The filing incorporates portions of the company's 2012 Proxy Statement by reference for Part III.