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.

EchoStar (SATS) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.37 per share a year ago.

EchoStar (SATS) Q2 Earnings and Revenues Surpass Estimates

MILWAUKEE , Aug. 8, 2023 /PRNewswire/ -- Ademi LLP is investigating Echo Corporation (Nasdaq: SATS) for possible breaches of fiduciary duty and other violations of law in its transaction with DISH Network.  Click here to learn how to join the action https://www.ademilaw.com/case/echostar-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether EchoStar Corporation has obtained a Fair Price in its transaction with DISH Network

DISH Network

Dish Network and EchoStar, both controlled by Charles Ergen, plan to merge. The deal will help Dish finance the build-out of a 5G wireless network.

Dish, EchoStar To Merge In Deal Targeting 5G Network Build-Out

Billionaire Charlie Ergen is combining his two telecom companies, pay-TV provider Dish Network Corp. DISH, +0.66% and satellite-communications company EchoStar Corp. SATS, +21.26% in an all-stock deal, the companies said Tuesday, confirming a report by the Wall Street Journal late Monday. Upon closing, EchoStar shareholders will receive 2.85 Dish shares for each share of EchoStar Corporation Class A, Class C or Class D common stock and 2.85 shares of DISH Network Class B common stock for each share of EchoStar Corporation Class B common stock they own.

Billionaire Charlie Ergen is combining Dish and EchoStar in all-stock deal, confirming earlier reports

AT&T

Verizon

Billionaire Charlie Ergen is planning to combine pay-TV provider Dish Network and satellite-communications company EchoStar.

Dish, EchoStar to Merge. It's a Challenge to AT&T and Verizon.

Pay-TV provider Dish Network plans to merge in an all-stock deal with satellite communications vendor EchoStar , the companies said on Tuesday.

Charlie Ergen's Dish, satellite operate EchoStar to merge

ENGLEWOOD, Colo. , Aug. 8, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) announced its financial results for the three and six months ended June 30, 2023.

EchoStar Announces Financial Results for the Three and Six Months Ended June 30, 2023

Billionaire Charlie Ergen is consolidating his telecom empire, merging his satellite and broadband services companies Dish Network and EchoStar in an all-stock deal. As of Monday's close, EchoStar had a nearly $2 billion market value, while Dish's market value was just above $4 billion, according to FactSet.

Billionaire Charlie Ergen merging Dish and EchoStar to expand mobile and satellite telecom empire

Creates a Global Connectivity Leader with Premier Wireless, Satellite and Video Distribution Capabilities Expected to Generate Significant Cost and Revenue Synergies Strong Asset Base and Enhanced Free Cash Flow Generation Position Combined Company for Growth and Value Creation LITTLETON and ENGLEWOOD, Colo. , Aug. 8, 2023 /PRNewswire/ -- DISH Network Corporation (Nasdaq: DISH) and EchoStar Corporation (Nasdaq: SATS) today announced they have entered into a definitive agreement for DISH Network to combine with EchoStar Corporation in an all-stock merger at a fixed exchange ratio.

DISH Network Corporation and EchoStar Corporation to Combine

A deal between the companies, controlled by the billionaire, could be announced Tuesday.

Ergen Nears Deal to Merge Dish, EchoStar

ENGLEWOOD, Colo. , Aug. 3, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) has changed the time of its second quarter 2023 financial results webcast to Tuesday, August 8, at 11:00 a.m.

EchoStar Corporation Announces Date Change for Second Quarter 2023 Earnings Webcast

Largest commercial communications satellite ever built will more than double the capacity of the Hughes JUPITER fleet GERMANTOWN, Md. , July 29, 2023 /PRNewswire/ -- Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, today announced its JUPITER™ 3 ultra high-density satellite has successfully launched on a SpaceX Falcon Heavy rocket from historic Kennedy Space Center Launch Pad 39A in Florida.

Hughes JUPITER 3 Satellite Successfully Launches, Heralds the Start of a New Era of Connectivity

AST SpaceMobile

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Rocket Lab USA

Virgin Galactic

Telesat Corp

As Wall Street works its way through second-quarter earnings reports, investors are getting a closer look at first-half performance from the space sector.

Investing in Space: What to watch for in Q2 earnings reports

ENGLEWOOD, Colo. , July 21, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) will host a conference call to discuss its second quarter 2023 financial results on Monday, August 7, at 10:00 a.m.

EchoStar Corporation Announces Conference Call For Second Quarter 2023 Financial Results

Standard-setting Satellite Ground Platform Helps Providers Reach Rural Areas, Connect the Unconnected GERMANTOWN, Md. , July 18, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar (Nasdaq: SATS) company, today announced that Africa Mobile Networks (AMN), which delivers services for the biggest Mobile Network Operators (MNOs) in Africa, has selected the Hughes JUPITER™ System ground platform to backhaul 2G, 3G and 4G cellular network traffic in Madagascar and Nigeria.

AMN Selects Hughes JUPITER System to Expand Mobile Network Access for Consumers in Madagascar and Nigeria

Market leaders in Managed Services and Secure Access Service Edge bring businesses a customizable cloud security solution for SD-WAN  GERMANTOWN, Md. , July 11, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), and Netskope, a leader in Security Access Service Edge (SASE), today announced they have partnered to bring Hughes customers a new SASE solution that combines Hughes managed services expertise with Netskope's leading Security Service Edge (SSE) capabilities.

Hughes Partners with Netskope to Launch Managed SASE Solution for Small to Medium Enterprises

The companies have engaged advisers, according to the report, which did not offer details on the timeline for a deal or the size.

Charlie Ergen reportedly looking to merge Dish Network, EchoStar: report

Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar , news publication Semafor reported on Thursday, citing people familiar with the matter.

Dish's Charlie Ergen looks to merge Dish and EchoStar - Semafor

Arrival of largest commercial satellite heralds the start of a new era in connectivity GERMANTOWN, Md. , June 30, 2023 /PRNewswire/ -- Hughes Network Systems , an EchoStar (Nasdaq: SATS) company, today announced its JUPITER™ 3 ultra high-density satellite has arrived in Cape Canaveral, FL, for its upcoming launch.

Hughes JUPITER 3 Satellite Arrives at Cape Canaveral for Launch

A global distributor of OneWeb aero service, Hughes offers LEO-only and Hybrid LEO+GEO satellite services for onboard connectivity HAMBURG, Germany , June 5, 2023 /PRNewswire/ -- (Aircraft Interiors Expo, Booth 4C40) — Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, and OneWeb, the low Earth orbit (LEO) satellite communications company, today announced a Distribution Partner agreement to provide LEO connectivity services to the global airline market. As a worldwide OneWeb distributor, Hughes is launching new LEO in-flight connectivity (IFC) solutions, powered by the company's electronically steered antenna (ESA), for airlines to deliver fast, low-latency and reliable passenger Wi-Fi.

Hughes Launches OneWeb LEO In-Flight Solutions to Airlines Worldwide, Announces Global Distribution Partnership with OneWeb

Gogo

Unveils "Gogo Galileo" Product Line for Business Aviation GENEVA , May 23, 2023 /PRNewswire/ -- (EBACE, Booth O98) Gogo Business Aviation (NASDAQ: GOGO) today announced its Gogo Galileo product line with the unveiling of a second electronically steered antenna (ESA) form factor for use on its Low Earth Orbit (LEO) broadband solution. Gogo Galileo now offers two fuselage-mount antennas – the previously announced "HDX" antenna, designed with a small form factor to fit on any size business aircraft, and today's announcement of the "FDX" antenna which is designed to fit on larger aircraft and will deliver best-in-class performance.

Gogo Elevates its Global Broadband Offering with Second, Higher Throughput Antenna

HughesNet and 4-H collaboration recognized within the Corporate Social Responsibility Program of the Year category in the 2023 American Business Awards® GERMANTOWN, Md. , May 18, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), announced today that it has won a Silver Stevie® Award for its corporate social responsibility program, in collaboration with National 4-H Council, designed to inspire and educate the next generation of Science, Technology, Engineering and Mathematics (STEM) leaders.

HughesNet and National 4-H Honored with a 2023 Silver Stevie® Award for Fostering the STEM Leaders of Tomorrow

OneWeb Completes Global Broadband LEO Network Gogo and Hughes Network Systems Execute on Antenna Design BROOMFIELD, Colo. , May 15, 2023 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) global Low Earth Orbit (LEO) broadband service has gained momentum with significant program achievements by Gogo and strategic partners, OneWeb and Hughes Network Systems, LLC, an EchoStar (NASDAQ: SATS) Company.

Gogo Global LEO Broadband Service Gains Momentum with Significant Program Achievements

EchoStar Corporation (NASDAQ:SATS ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Dean Manson - Chief Legal Officer Hamid Akhavan - President and Chief Executive Officer Paul Gaske - Chief Operating Officer Conference Call Participants Ric Prentiss - Raymond James Michael Rollins - Citi Chris Quilty - Quilty Space Operator Good day and thank you for standing by. Welcome to the EchoStar Corporation First Quarter 2023 Results Conference Call.

EchoStar Corporation (SATS) Q1 2023 Earnings Call Transcript

ENGLEWOOD, Colo. , May 8, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) announced its financial results for the three months ended March 31, 2023.

News for EchoStar Stock (SATS)