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

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

NEW YORK--(BUSINESS WIRE)--The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS), today issued an open letter (the “Letter”) to the Company's Board of Directors, given an apparent impending fraudulent conveyance and creditor preference violation, with relation to an imminent material debt obligation due for repayment on.

Buxton Helmsley Issues Letter to EchoStar Directors Regarding Apparent Impending Fraudulent Conveyance and Creditor Preference Violation

The Boost Wireless Network is now available with 5G voice to over 200 million Americans nationwide. LITTLETON, Colo.

DISH Expands VoNR Coverage to Over 200 Million People

The Hughes solutions will support both ground- and air-based proof of concept testing. GERMANTOWN, Md.

Hughes Selected to Provide Modems and Multi-Orbit Auto-PACE Solution in Support of SES Space & Defense's US Air Force DEUCSI Program

NEW YORK--(BUSINESS WIRE)--The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS), today issued an open letter (the “Letter”) to the Company's Board of Directors, given the occurrence of additional “triggering events” requiring disclosure of asset value depreciation expenses pursuant to GAAP ASC 350/360 and Regulation S-.

Buxton Helmsley Issues Letter to EchoStar Directors Regarding Additionally Triggered Financial Disclosure Obligations Amid Apparent Accounting and Securities Fraud

U.S. News also ranks Hughesnet as one of the Best Internet Service Providers for Rural Areas and among the Best Internet Service Providers Overall GERMANTOWN, Md. , Feb. 14, 2024 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that U.S. News & World Report 360 Reviews has recognized Hughesnet® as the Best Satellite Internet Service Provider of 2024.

Hughesnet Recognized as Best Satellite Internet Service Provider of 2024 by U.S. News & World Report for Fourth Consecutive Year

ENGLEWOOD, Colo. , Feb. 12, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar"), a global, fully integrated communication and content delivery leader and provider of technology, spectrum, engineering, manufacturing, networking services, television entertainment and connectivity bolstered by its merger with DISH Network Corporation ("DISH"), today announced the expiration and termination of its previously announced offers to exchange (i) any and all of the 0% Convertible Notes due 2025 (the "DISH Network 2025 Notes") issued by its subsidiary DISH and (ii) any and all of the 3.375% Convertible Notes due 2026 issued by DISH (the "DISH Network 2026 Notes," and together with the DISH Network 2025 Notes, the "Existing Notes"), each for 10.00% Senior Secured Notes due 2030 to be issued by EchoStar Corporation (the "EchoStar Notes") and the concurrent consent solicitations, in each case, pursuant to the terms described in a preliminary prospectus and consent solicitation statement, dated January 12, 2024.

EchoStar Corporation Announces Expiration of Exchange Offers and Consent Solicitations Relating to Existing Notes

SLING is giving away $25,000  SLING TV launches rewards program  ENGLEWOOD, Colo. , Feb. 6, 2024 /PRNewswire/ -- SLING TV, the streaming TV provider who puts customers in control of their entertainment, today announced the launch of its first-ever, watch-and-win sweepstakes.

SLING TV Rewards You For Watching TV You Love

NEW YORK--(BUSINESS WIRE)--The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS), today issued an open letter (the “Letter”) to the Company's Board of Directors, given their complete failure to address (not even having denied) the serious matters raised in BHG's January 22, 2024, open letter, which discussed apparent ma.

Buxton Helmsley Issues Letter to EchoStar Directors Regarding Failure to Address Investors Amid Apparent Accounting and Securities Fraud, Apparent Fraudulent Conveyances, and Apparent Breaches of Fiduciary Duty in Connection with DISH Merger

DISH TV leads as the first major cable provider to adopt Unified ID 2.0, with SLING TV now the largest vMVPD to enable this unique identification solution. ENGLEWOOD, Colo.

DISH MEDIA ADOPTS UNIFIED ID 2.0, ENHANCING FIRST-PARTY DATA AUDIENCES FOR ADVERTISERS ACROSS DISH TV AND SLING TV

ENGLEWOOD, Colo., Jan. 29, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar") today announced that its subsidiary DISH DBS Issuer LLC ("DBS Issuer") has elected in its sole discretion to terminate the offers (the "Exchange Offers") to exchange certain existing senior notes issued by DISH DBS Corporation (the "Existing DBS Notes") in the amounts and subject to the terms, in each case, described in the exchange offer memorandum and consent solicitation statement, dated January 16, 2024 (the "Exchange Offer Memorandum") into new senior secured notes issued by DBS Issuer described in the Exchange Offer Memorandum.

EchoStar Corporation Announces Termination of Exchange Offers and Consent Solicitations by DISH DBS Issuer LLC for Certain Existing Senior Notes Issued by DISH DBS Corporation

New Boost Mobile bundle includes latest flip phone, plus 12 months of unlimited talk, text and 3GB of data per month LITTLETON, Colo. , Jan. 26, 2024 /PRNewswire/ -- The Summit Flip device is all about simplicity.

Bundle and Save with Boost Mobile: Get the Summit Flip and One Year of Service for Only $129, Exclusively at Walmart

10 hours available for anyone with a Sling Freestream login Sling Freestream continues to grow, adding more than 500 FAST channels since February 2023 launch ENGLEWOOD, Colo. , Jan. 23, 2024 /PRNewswire/ -- SLING TV announced today, a first-of-its-kind, free DVR service to its growing free ad-supported streaming television (FAST) service, Sling Freestream.

Sling Freestream Launches FAST Service Industry FIRST: Free Cloud DVR

NEW YORK--(BUSINESS WIRE)--The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS), today issued an open letter (the “Letter”) to the Company's Board of Directors, largely relating to the Company and its recent merger with DISH Network Corp. (“DISH”). Within the Letter, BHG discusses apparent pre-merger material misstatem.

Buxton Helmsley Issues Letter to EchoStar Directors Regarding Apparent Accounting and Securities Fraud, Apparent Fraudulent Conveyances, and Apparent Breaches of Fiduciary Duty in Connection with DISH Merger

Sign up for Infinite Access for Galaxy and pre-order the all-new S24+ with double  the storage – on us! LITTLETON, Colo.

Pre-Order the Samsung Galaxy S24 Series Now with Infinite Access for Galaxy from Boost Infinite

ENGLEWOOD, Colo. , Jan. 16, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar") today announced that its newly formed subsidiary DISH DBS Issuer LLC ("DBS Issuer") (also known as DBS Subscriber Subsidiary) has commenced offers (the "Exchange Offers") to Eligible Holders (as defined below) to exchange (x) up to $1,000,000,000 aggregate principal amount of the 5.875% Senior Notes due 2024 (the "DBS 2024 Notes") issued by DISH DBS Corporation ("DBS"), a subsidiary of EchoStar, for Series 2024-1 Class A-1 10.00% Senior Secured Notes due 2030 (the "DBS Issuer Class A-1 Notes") and (y) up to an aggregate principal amount described below of (i) the 7.75% Senior Notes due 2026 issued by DBS (the "DBS 2026 Notes"), (ii) the 7.375% Senior Notes due 2028 (the "DBS 2028 Notes") and (iii) the 5.125% Senior Notes due 2029 (the "DBS 2029 Notes," and together with the DBS 2024 Notes, the DBS 2026 Notes and the DBS 2028 Notes, the "Existing DBS Notes"), each for 2024-1 Class A-2 10.00% Senior Secured Notes due 2034 (the "DBS Issuer Class A-2 Notes" and, together with DBS Issuer Class A-1 Notes, the "DBS Issuer Notes").

EchoStar Corporation Announces Exchange Offers and Consent Solicitations by DISH DBS Issuer LLC for Certain Existing Senior Notes Issued by DISH DBS Corporation

EchoStar (SATS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

EchoStar (SATS) Moves 31.5% Higher: Will This Strength Last?

Shares of EchoStar surged as much as 41% on Wednesday after the satellite operator said it had hired advisors to help evaluate strategic alternatives following its merger with Dish Network.

EchoStar jumps as satellite operator hires advisors to explore strategic options

New Department of Commerce Investment will Leverage DISH's Wireless Leadership to Advance Open RAN Innovation NTIA Officials to Tour a DISH 5G Open RAN Cell Site in Las Vegas Today LITTLETON, Colo. , Jan. 10, 2024 /PRNewswire/ -- DISH Wireless, a subsidiary of EchoStar, was awarded a historic $50 million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) to establish the Open RAN Center for Integration & Deployment (ORCID).

DISH Wireless Awarded $50 Million NTIA Grant for 5G Open RAN Integration and Deployment Center

ENGLEWOOD, Colo. , Jan. 10, 2024 /PRNewswire/ -- EchoStar Corporation (Nasdaq: SATS) ("EchoStar" or the "Company") announced today the completion of a series of strategic transactions to further unlock incremental strategic, financial and operating flexibility for its business following completion of its merger with DISH Network Corporation ("DISH Network").

ECHOSTAR CORPORATION UNLOCKS INCREMENTAL STRATEGIC, FINANCIAL AND OPERATING FLEXIBILITY FOLLOWING COMPLETION OF MERGER WITH DISH NETWORK CORPORATION

Boost Mobile and Boost Infinite customers get superfast, pure 5G on the Boost Wireless Network at an unbeatable price LITTLETON, Colo. , Jan. 9, 2024 /PRNewswire/ -- The Boost-made, exclusive smartphone is back by popular demand.

Take the Boost Wireless Network to the MAX with the All-New Celero5G+ and Celero5G

DISH Network

Satellite network operator EchoStar Co. NASDAQ: SATS completed its merger with broadband and pay-tv services provider DISH Network Co. NASDAQ: DISH on December 31, 2023. Together, they formed the EchoStar-DISH network, a communication services sector company focused on providing global connectivity solutions.

Is EchoStar a buy after the Dish Network buyout?

Get access to the latest Samsung Galaxy smartphone every year and unlimited talk, text and data starting at $60/mo. with Boost Infinite's new Infinite Access for Galaxy plan LITTLETON, Colo.

Infinite Access for Galaxy from Boost Infinite to Launch this Month

EchoStar (SATS) completes the merger with DISH Network, which is now a wholly-owned subsidiary of EchoStar in an all-stock deal.

EchoStar (SATS) Announces Closure of Merger With DISH Network

GERMANTOWN, Md. , Jan. 3, 2024  /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an EchoStar company (Nasdaq: SATS), today announced that it has been recognized as a Strong Performer in the Gartner® Peer Insights™ "Voice of the Customer" for Managed Network Services.

Hughes Named a Strong Performer in 2023 Gartner® Peer Insights™ Voice of the Customer for Managed Network Services

AT&T

Verizon

EchoStar Corporation announced on Tuesday it has completed its acquisition of DISH Network Corporation, which combines DISH's satellite technology, streaming services and nationwide 5G network with EchoStar's satellite communications solutions.  The deal, which reunites Charlie Ergen's satellite empire, is key to Ergen's plan to transition Dish away from the dwindling pay-TV business and toward wireless services, challenging providers such as Verizon Communications, AT&T, and T-Mobile, Bloomberg reported.

News for EchoStar Stock (SATS)