EchoStar

EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Hughes, and EchoStar Satellite Services (ESS). The Hughes segment provides broadband satellite technologies and broadband internet services to domestic and international consumer customers and broadband network technologies, managed services, equipment, hardware, satellite services and communication solutions to service providers and enterprise customers. The ESS segment owns and leases in-orbit satellites and licenses to lease capacity on a full time and occasional use. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

Earnings data Q4 2020

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EchoStar reports solid Q4 performance, eyes growth in enterprise

EchoStar's Q4 2022 performance showcased revenue growth, increased EBITDA, and strong enterprise order intake, with a focus on operational efficiencies and strategic business ventures.
The company faces challenges in balancing consumer and enterprise segment growth, managing overhead costs, and addressing uncertainties around new projects and market opportunities.
Opportunities lie in expanding enterprise business, optimizing capacity in key regions, leveraging upcoming satellite launches, and driving innovation through Horizon 3 strategy implementation.
Overall, EchoStar's performance, strengths, challenges, and opportunities position the company for a transition period in 2023, emphasizing growth in ESS business and global enterprise expansion.

EchoStar reports Q1 revenue dip but strong backlog growth

EchoStar's Q1 2023 showcased mixed financial performance with revenue decline but strong backlog growth and cash position, underpinned by operational efficiencies and strategic initiatives across Horizon phases.
While facing revenue challenges and global economic uncertainties, EchoStar's solid credit position and collaboration potential with DISH present avenues for sustained growth and innovation.
The ongoing CFO search and strategic focus on Horizon activities highlight EchoStar's commitment to financial prudence, operational excellence, and long-term value creation.

EchoStar and DISH merge to drive 5G growth and spectrum consolidation

EchoStar and DISH merger aims for synergy-driven growth, leveraging spectrum rights, AI, and 5G opportunities. Focus on network build-out progress, FCC obligations, and capital deployment for sustainable development. Challenges include regulatory requirements, timing of launches, and rural service obligations amidst industry dynamics.

EchoStar reports Q3 revenue decline, eyes enterprise market growth

EchoStar's Q3 performance reflects revenue and EBITDA declines, with a focus on cost management and strategic initiatives.
Strengths lie in the Horizon strategy, pending merger with DISH, and growth opportunities in the enterprise market.
Challenges include revenue decline, high capital expenditures, and potential limitations in the mobile market.
Opportunities exist in enterprise market growth, 5G infrastructure differentiation, and potential for future revenue growth.

EchoStar reports revenue decline, focuses on 5G growth opportunities

EchoStar's financial performance in 2023 was impacted by subscriber losses and impairment charges, but profitability was maintained in key segments.
The company is strategically positioned to leverage its strengths in satellite technology, streaming services, and 5G capabilities for sustainable growth.
Challenges include subscriber declines, impairment charges, and internal operational inefficiencies that EchoStar aims to address.
Opportunities lie in consumer wireless, enterprise services, partnerships with Amazon, and potential financing arrangements to support growth.

EchoStar reports progress in reducing expenses and attracting higher-value subscribers

EchoStar's Q1 2024 earnings call highlighted progress post-merger with DISH, focusing on reducing expenses, attracting higher-value subscribers, and improving operational efficiency. The company faces challenges from industry shifts but is working on improvements and cost-saving initiatives. Opportunities for growth lie in optimizing operations, acquiring higher-value customers, and reducing costs.

EchoStar reports Q2 revenue decline, focuses on operational improvements

EchoStar's Q2 2024 performance showed revenue exceeding $3.95 billion but declining by 9% YoY, with challenges in OIBDA and free cash flow. Strengths lie in operational improvements, Boost Mobile enhancements, and network optimization.
Challenges include declining revenue, negative free cash flow, and working capital fluctuations. Opportunities exist in refinancing, network deployment, and growth in mobile and Pay-TV segments.
Overall, EchoStar's focus on integration, cost management, and operational resilience positions the company to navigate challenges and capitalize on growth opportunities.

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EchoStar Corp. engages in the design, development, and distribution of digital set-top boxes and products for direct-to-home satellite service providers. It operates through the following business segments: Pay-TV, Retail Wireless, 5G Network Deployment and Broadband and Satellite Services. The Pay-TV segment business strategy is to be the best provider of video services in the United States by providing products with the best technology, outstanding customer service, and great value. The Retail Wireless segment offers Retail Wireless services as well as a competitive portfolio of wireless devices. The 5G Network Deployment segment business strategy is to commercialize Wireless spectrum licenses through the completion of 5G Network Deployment. The Broadband and Satellite Services segment business strategy is to maintain and improve leadership position and competitive advantage through development of technologies and services marketed to selected sectors within the consumer, enterprise and government markets globally. The company was founded by Charlie William Ergen, Candy Ergen, and James DeFranco in 1980 and is headquartered in Englewood, CO.

Hughes Managed Wireless "cord cutting for business" program offers enterprises rapid deployment, flexibility, reliability and turnkey service  GERMANTOWN, Md. , June 27, 2024 /PRNewswire/ -- Hughes, an EchoStar Company (Nasdaq: SATS) today announced Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network and security solutions, has awarded Hughes with the 2023 Cradlepoint Acceleration Partner of the Year Award.

Hughes Receives 2023 Cradlepoint Acceleration Partner of the Year Award for Wireless-first Approach to Connectivity

Boost Mobile Network experienced speeds up to 1 Gbps with nationwide 4x downlink and 2x uplink carrier aggregation LITTLETON, Colo. , June 25, 2024 /PRNewswire/ -- What?

The Boost Mobile Network is the World's First Network to Commercially Launch Nationwide Simultaneous 5G 4x Downlink and 2x Uplink Carrier Aggregation

EchoStar's (SATS) unit EchoStar Mobile is aiding Swisscom to augment its LoRaWAN IoT coverage across Europe by deploying advanced satellite connectivity.

EchoStar (SATS) Expands Swisscom's LoRaWAN IoT Coverage

Satellite IoT connectivity expands coverage footprint across Europe  MILTON KEYNES, England , June 19, 2024 /PRNewswire/ -- Today, EchoStar Mobile Limited, an EchoStar (Nasdaq: SATS) company, announced Swisscom, Switzerland's leading ICT company, has turned to EchoStar Mobile and Actility to expand its LoRaWAN IoT footprint across Europe. EchoStar Mobile will provide capacity to support direct sensor-to-satellite operations, and Actility will provide interworking functions between Swisscom's terrestrial and EchoStar Mobile's satellite network to enable seamless network roaming through Actility's ThingPark Exchange roaming hub.

EchoStar Mobile and Actility Expand LoRaWAN IoT Coverage for Swisscom

EchoStar's (SATS) subsidiary Hughes aids Skyband Holding company in elevating the latter's VSAT network by deploying cutting-edge JUPITER System technology.

EchoStar's (SATS) Hughes JUPITER System Deployed by Skyband

The industry-leading satellite ground platform will help Skyband expand into new verticals, services and applications GERMANTOWN, Md. , June 13, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that Luna Space Telecommunications Co. Ltd.

Skyband Selects Hughes JUPITER System to Power Digital Transformation for Enterprises and Governments Across Saudi Arabia

The latest addition to the Boost-exclusive Celero device lineup offers Boost Mobile customers a premium device at a low cost of $109.99 LITTLETON, Colo. , June 11, 2024  /PRNewswire/ -- Boost Mobile is launching its latest addition to the Boost-exclusive Celero device lineup.

Boost Mobile Adds the Feature-Rich Celero5G SC to its Exclusive Device Lineup for an Affordable Price

Building on successful programs with the US Department of Defense and collaboration with Telespazio to bring multi-orbit managed network solutions. MILTON KEYNES, England , June 11, 2024 /PRNewswire/ -- Hughes Europe , a subsidiary of Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announces its strategic expansion into the Military, Defence, and Government sectors across pan-European nations.

Hughes Europe Expands into Military, Defence & Government Sectors with Launch of Konnect VHTS Services in Collaboration with Telespazio

TCI, Turksat, and Hughes selected to provide future-proof IFC solution for AJet HAMBURG, Germany , May 29, 2024 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 2B70) – Hughes, an EchoStar Company (Nasdaq: SATS), announced that AJet selected the TCI Integrated In-Flight Connectivity (IFC) solution. Turksat provides satellite connectivity, and Hughes provides equipment and advanced In-Flight Connectivity Management capabilities.

AJet Selects Turkish Cabin Interiors (TCI) in Partnership with Turksat and Hughes for In-Flight Connectivity

The compact, lightweight, and energy-efficient ESA is ideal for airlines HAMBURG, Germany , May 28, 2024 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 2B70) – Hughes Network Systems, LLC (HUGHES), an EchoStar Company (Nasdaq: SATS), unveiled its groundbreaking Low Earth Orbit (LEO) Electronically Steerable Antenna (ESA) for In-Flight Entertainment & Connectivity (IFEC) at the Aircraft Interiors Expo (AIX). This state-of-the-art technology is poised to transform the aviation industry by providing enterprise-grade, low latency, high-speed connectivity for global commercial aviation.

Hughes Unveils Revolutionary Commercial Aviation LEO ESA at AIX

Hughes Extends In-Flight Connectivity Services to Airbus Aircraft HAMBURG, Germany , May 28, 2024 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 2B70) – Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), has signed a Memorandum of Understanding (MoU) with Airbus to become a managed service provider (MSP) for the Airbus HBCplus catalogue offering to airlines. "Reinventing IFEC is not just a goal; it's our mission," stated Reza Rasoulian, Senior Vice President of the Aviation Business Unit at Hughes.

Hughes Signs MoU to Join the Airbus HBCplus Program

EchoStar (SATS) is set to provide 5G wireless services and devices to support the DoD across all 50 states.

EchoStar (SATS) Receives $2.7B IDIQ Contract From U.S. Navy

The Coach Prime moto watch 70 is the latest addition to the Boost Mobile x Coach Prime  device lineup LITTLETON, Colo. , May 16, 2024 /PRNewswire/ -- It's Prime TIME!

Introducing the New Coach Prime Moto Watch 70, Exclusively Available with Boost Mobile

Rural households now have the most advanced technological solution for home TV and internet services Customers are the ultimate winner in combined Echostar synergies ENGELWOOD, Colo., May 16, 2024 /PRNewswire/ -- DISH Network and Hughes Network Systems, both EchoStar companies (Nasdaq: SATS), today announced a new bundled service offering that brings the power of DISH satellite TV together with Hughesnet® satellite internet to create a superior solution in TV and internet for rural America.

DISH TV and Hughes Debut First Bundled Service Offering to Enhance Connectivity and Entertainment Across Rural America

Hughes Network Systems and Boost Mobile will jointly fulfill the contract valued at up to $2.7B over the next 10 years. ENGLEWOOD, Colo.

EchoStar Awarded a U.S. Navy Wireless and Telecommunications Contract to Provide 5G Smart Devices and Services for the DoD and Federal Agencies

EchoStar (SATS) delivers soft Q1 2024 performance due to top-line contraction year over year owing to decline in the number of subscribers for Pay-TV, Retail Wireless and Broadband segments.

EchoStar (SATS) Q1 Earnings & Revenues Lag Estimates, Down Y/Y

EchoStar Corporation (NASDAQ:SATS ) Q1 2024 Earnings Conference Call May 8, 2024 12:00 PM ET Company Participants Dean Manson - Chief Legal Officer Hamid Akhavan - President & Chief Executive Officer Paul Orban - Executive Vice President & Principal Financial Officer Gary Schanman - Executive Vice President & Group President, Video Services John Swieringa - President, Technology & Chief Operating Officer Paul Gaske - Chief Operating Officer, Hughes Conference Call Participants Richard Prentiss - Raymond James David Barden - Bank of America Jonathan Chaplin - New Street Research John Hodulik - UBS Michael Rollins - Citibank Walter Piecyk - LightShed Sebastiano Petti - JPMorgan Operator Greetings. Welcome to EchoStar Corporation's First Quarter 2024 Earnings Conference Call.

EchoStar Corporation (SATS) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for EchoStar (SATS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

EchoStar (SATS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

ENGLEWOOD, Colo. , May 8, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three months ended March 31, 2024.

EchoStar Announces Financial Results for the Three Months Ended March 31, 2024

ENGLEWOOD, Colo. , May 2, 2024 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2024 financial results on Wednesday, May 8, 2024, at noon Eastern Time (ET).

EchoStar Corporation Announces Conference Call for First Quarter 2024 Financial Results

Hardware made in the U.S. to power a connected future globally. GERMANTOWN, Md.

Hughes Opens State-of-the-art Manufacturing Facility and Private 5G Incubation Center in Maryland

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EchoStar is improving its positioning in the satellite industry, particularly in internet broadband, following the launch of Jupiter 3 to better compete with Viasat and SpaceX. The company has opportunities to serve enterprise customers directly, such as providing in-flight connectivity to Delta Air Lines. Inheriting DISH Network's debt-laden balance sheet has weighed down on the stock, and with the Federal Reserve favoring a higher-for-longer rates strategy, things are risky.

EchoStar: High Debt But Space-Based And Merger Opportunities

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LITTLETON, Colo. , April 10, 2024 /PRNewswire/ -- Renowned Pro Football Hall of Famer, current head coach of the University of Colorado Buffaloes, and celebrated community advocate, Deion "Coach Prime" Sanders is teaming up with Boost Mobile.

News for EchoStar Stock (SATS)