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.

Range of satellite internet service plans meets business needs with high speeds, business-grade support and a low-latency option GERMANTOWN, Md. , May 2, 2023 /PRNewswire/ -- Hughes Network Systems , an EchoStar (Nasdaq: SATS) company, today announced new HughesNet® plans for small businesses in the U.S. The new satellite internet service plans include features like business-grade support, express repair and free installation to support the needs of small businesses for network availability and high performance.

Hughes Launches New HughesNet Plans for Small Businesses

ENGLEWOOD, Colo. , May 2, 2023 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) will host a conference call to discuss its first quarter 2023 financial results on Tuesday, May 9, at 8:30 a.m.

EchoStar Corporation Announces Conference Call For First Quarter 2023 Financial Results

Latest accolade solidifies the position of Hughes as a leading managed services provider GERMANTOWN, Md. , April 20, 2023 /PRNewswire/ -- Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, announced today that it has been named Fortinet's SD-WAN Partner of the Year.

Hughes Wins Fortinet's SD-WAN Partner of the Year Award

The national health and wellness retailer implements scalable Network-as-a-Service solution from Hughes to support growing omnichannel business GERMANTOWN, Md. , April 4, 2023 /PRNewswire/ -- Hughes Network Systems, an EchoStar (Nasdaq: SATS) company, announced that The Vitamin Shoppe® has chosen to deploy HughesON™ Managed Network Services across its 700+ U.S. retail outlets.

Hughes Welcomes The Vitamin Shoppe as Managed Network Services Client

WHIDBEY ISLAND, Wash. , March 30, 2023 /PRNewswire/ -- Officials at Naval Air Station Whidbey Island held a ribbon-cutting ceremony on March 30, 2023, commemorating the launch of a fifth-generation cellular network (5G) that will significantly improve aircraft readiness.

NAS Whidbey Island 5G Network Launched

EchoStar operates a satellite-based ISP and provides communications services. It is facing tough competition from Starlink for the ISP business.

EchoStar: Includes Catalysts For An Upside

Standard-setting Satellite Ground Platform to Power Internet Access at 100 Mbps Speeds GERMANTOWN, Md. , March 14, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar (Nasdaq: SATS) company, today announced that MEASAT Global Berhad (MEASAT), Malaysia's premier satellite operator, has selected the Hughes JUPITER™ System ground platform to enable broadband services on the MEASAT-3d High-Throughput Satellite (HTS).

MEASAT Selects the Hughes JUPITER System to Help Connect the Unconnected across Malaysia

Industry-leading platform to power the first satellite broadband implementations in Uzbekistan GERMANTOWN, Md. , March 9, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar (Nasdaq: SATS) company, today announced that "UZ-SAT", JV LLC (UZ-SAT), a joint venture among "Uzbektelecom" JSC, "Satellin Group" LLC and private enterprise in the Uzbekistan Republic, has chosen the Hughes JUPITER™ System ground platform to power satellite solutions to help close the digital divide.

UZ-SAT Chooses Hughes JUPITER System to Help Bridge the Digital Divide

Hughes JUPITER System Platform and Managed Satellite Service Power LTE Backhaul for the CFE Telecomunicaciones e Internet para Todos Program GERMANTOWN, Md. , March 8, 2023 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar (Nasdaq: SATS) company, today announced that Stargroup, a Mexican telecommunications and entertainment company, has selected the Hughes JUPITER™ System and managed satellite broadband to extend LTE service to customers in rural communities.

Hughes and Stargroup Extend Mobile Networks in Mexico, Help Connect the Unconnected

EchoStar Corporation (NASDAQ:SATS ) Q4 2022 Earnings Conference Call February 23, 2023 1:00 PM ET Company Participants Terry Brown - Investor Relations Hamid Akhavan - President and Chief Executive Officer Paul Gaske - Chief Operating Officer Dean Manson - Chief Legal Officer Jeffrey Boggs - Interim Chief Accounting Officer Conference Call Participants Ric Prentiss - Raymond James Chris Quilty - Quilty Analytics Michael Rollins - Citi Operator Good day and thank you for standing by. Welcome to the EchoStar Corporation Conference Call for Fourth Quarter 2022 Results.

EchoStar Corporation (SATS) Q4 2022 Earnings Call Transcript

ENGLEWOOD, Colo. , Feb. 22, 2023 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) announced its financial results for the three and twelve months ended December 31, 2022.

EchoStar Announces Financial Results for the Three and Twelve Months Ended December 31, 2022

ENGLEWOOD, Colo. , Feb. 17, 2023 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its fourth quarter and full year 2022 financial results on Thursday, February 23, at 1:00 p.m.

EchoStar Corporation Announces Conference Call For Fourth Quarter and Full Year 2022 Financial Results

The demonstrated high-performance solution leverages phased-array antenna and ultra-fast-roaming capabilities between satellites to support critical manned and unmanned C2/ISR government missions LUXEMBOURG , Feb. 8, 2023 /PRNewswire/ -- SES, ThinKom and Hughes demonstrated revolutionary high-performance multi-orbit service capable of supporting multiple solutions for government airborne missions, the companies announced today. The open architecture ThinKom ThinAir Ka2517 airborne satcom terminal was successfully demonstrated over SES's Medium Earth Orbit (MEO) and Geostationary (GEO) satellite networks during testing at ThinKom's Hawthorne, CA, facilities and on an aircraft in Mojave, CA.

SES, ThinKom and Hughes Enable Multi-orbit Resilient Connectivity for Critical Airborne Missions

Procures satellites and plans Australian operations for new Low Earth Orbit constellation to power connectivity for smart devices DENVER , Feb. 1, 2023 /PRNewswire/ -- Today, EchoStar Corporation (Nasdaq: SATS) announced an agreement with Astro Digital, a designer, manufacturer and operator of small satellite systems, for the construction of a global S-band mobile satellite service (MSS) network. Under the agreement, Astro Digital will manufacture the satellites for the constellation, which will deliver global Internet of Things (IoT), machine-to-machine (M2M) and other data services beginning in 2024.

EchoStar Begins Construction of Global S-band Network

New smart power distribution unit from Hughes complements the company's robust managed services and digital signage portfolio GERMANTOWN, Md. , Jan. 10, 2023 /PRNewswire/ -- Today, Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announced it will debut the Hughes Active Power Edge and showcase its suite of managed services at Retail's Big Show 2023, hosted by the National Retail Federation (NRF).

Hughes Introduces Active Power Edge, Showcases Suite of Managed Services at NRF 2023

Managed Detection and Response and SOC as a Service Now Available as Part of the Hughes Suite of Managed Cybersecurity Services GERMANTOWN, Md. , Jan. 5, 2023 /PRNewswire/ -- Today, Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), announced it has expanded its suite of managed cybersecurity services for distributed enterprises to include managed detection and response (MDR) and SOC as a service (SOCaaS).

Hughes Launches New Managed Cybersecurity Services for Small to Mid-sized Enterprise Networks

Highlights include customer service technology innovations from Hughes and expanded technology provider partnerships GERMANTOWN, Md. , Dec. 19, 2022 /PRNewswire/ -- Research and consulting firm Frost & Sullivan has recognized Hughes Network Systems, LLC (HUGHES), as a Leader in its Frost Radar™: North American Managed SD-WAN Services Market report for the fourth consecutive year.

Hughes Recognized as a Leader in Managed SD-WAN Services by Frost & Sullivan for Fourth Consecutive Year

Hughes LEO System Platform Makes Low Earth Orbit Satellite Networking Turn-key GERMANTOWN, Md. , Dec. 13, 2022 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport networks for over 50 years, today announced that OneWeb, the low Earth orbit (LEO) satellite communications company, has ordered 10,000 Hughes LEO Terminals to enable networking services for enterprise and government customers.

OneWeb Acquires 10,000 Hughes LEO Terminals To Enable Low Latency, Broadband Connectivity Worldwide

GERMANTOWN, Md. , Dec. 7, 2022 /PRNewswire/ -- Research and consulting firm Gartner, the world's leading information technology and advisory company, named Hughes Network Systems, LLC (HUGHES) a Challenger in the 2022 Gartner® Magic Quadrant™ for Managed Network Services for the third year in a row.

Hughes Recognized for the Third Time in Gartner® Magic Quadrant™ for Managed Network Services

Hughes provides optimal connectivity to agencies across Pennsylvania GERMANTOWN, Md. , Dec. 6, 2022 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for more than 50 years, today announced that the Commonwealth of Pennsylvania again selected Hughes as a provider of managed network services under the Commonwealth of Pennsylvania Last User Connectivity contract.

Commonwealth of Pennsylvania Again Selects Hughes for Managed Network Services Contract

Kaul Leaves an Indelible Imprint on the Satellite Industry, Global Connectivity GERMANTOWN, Md. , Dec. 1, 2022 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) today announced that Pradman Kaul, president of Hughes Network Systems , an EchoStar company, has decided to retire at the end of this year.

Pradman Kaul, President of Hughes Network Systems, to Retire at Year End

Maxar Technologies

The satellite also known as EchoStar XXIV is expected to launch in the first half of 2023 GERMANTOWN, Md. , Nov. 22, 2022 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) today announced an amended agreement with Maxar Technologies (NYSE:MAXR) (TSX:MAXR) for production of the EchoStar XXIV satellite, also known as JUPITER™ 3.

EchoStar and Maxar Amend Agreement for Hughes JUPITER 3 Satellite Production

Fast-growing premium cookie retailer uses digital signage for customer and employee communications GERMANTOWN, Md. , Nov. 17, 2022 /PRNewswire/ -- Dirty Dough, a mission-based franchise known for decadent, multilayered cookies, has selected Hughes Network Systems, LLC (HUGHES), to deploy digital menu boards, promotional screens, and employee communication screens in its expanding business.

Dirty Dough Cookie Company Selects Hughes for Managed Digital Signage

Nicole Cash of Farmington receives $5,000 scholarship, sponsored by HughesNet®, and serves as 4-H national youth spokesperson for STEM for 2023 CHEVY CHASE, Md. , Nov. 15, 2022 /PRNewswire/ -- National 4-H Council today announced that Nicole Cash, 20, of Farmington, Minn.

Minnesota Student Wins National 4-H Youth in Action Award and Scholarship for Leadership in STEM

SATS is the biggest internet satellite provider in the US and a global player in GEO satellite services. Although the company is profitable and financially strong, it has not grown, constrained by capacity.

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