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Kirby McInerney LLP Announces Investigation of Claims Against EchoStar Corporation (SATS) on Behalf of Investors
GlobeNewswire News Room· 2025-05-14 22:00
Core Points - Kirby McInerney LLP is investigating potential claims against EchoStar Corporation regarding possible violations of federal securities laws and unlawful business practices [1] - The Federal Communications Commission is investigating EchoStar's compliance with federal requirements for building a nationwide 5G network, leading to a significant decline in EchoStar's share price [3] Investigation Details - The investigation by Kirby McInerney LLP focuses on whether EchoStar and its officers have engaged in unlawful business practices [1] - Shareholders who have purchased EchoStar securities are encouraged to contact the law firm for more information regarding their rights [4] Market Reaction - Following the news of the FCC investigation, EchoStar's stock price fell by $4.01, approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3]
Kirby McInerney LLP Announces Investigation of Claims Against EchoStar Corporation (SATS) on Behalf of Investors
Newsfilter· 2025-05-14 22:00
Core Viewpoint - EchoStar Corporation is under investigation by Kirby McInerney LLP for potential violations of federal securities laws and unlawful business practices [1][3] Investigation Details - The investigation was prompted by a report from The Wall Street Journal on May 12, 2025, indicating that the Federal Communications Commission (FCC) is looking into EchoStar's compliance with federal requirements for building a nationwide 5G network [3] - Following the news of the investigation, EchoStar's stock price fell by $4.01, representing a decline of approximately 16%, from $24.19 on May 9, 2025, to $20.18 on May 12, 2025 [3] Legal Firm Background - Kirby McInerney LLP is a New York-based law firm specializing in securities, antitrust, whistleblower, and consumer litigation, with a history of achieving recoveries totaling billions of dollars for shareholders in securities litigation [6]
Boost Mobile Welcomes the Slimmest Galaxy Yet to Its Smartphone Lineup: The Samsung Galaxy S25 Edge
Prnewswire· 2025-05-14 12:02
Core Insights - Boost Mobile is launching the Samsung Galaxy S25 Edge, which is described as the thinnest and lightest Galaxy smartphone to date, featuring advanced AI and camera capabilities [1][2] - The Galaxy S25 Edge is available for pre-order with special pricing for customers who sign up for the Infinite Access for Galaxy plan [2][3] - The device includes a 200MP camera and is designed for durability with a titanium frame and Corning® Gorilla® Glass Ceramic 2 protection [4][5] Pricing and Plans - Customers who pre-order the Galaxy S25 Edge between May 13 and May 29 can get the phone and the Infinite Access for Galaxy plan for $65 per month [2] - Starting May 30, customers who port their number to Boost Mobile can purchase the Galaxy S25 Edge for $549.99 with the Unlimited Premium plan [3] - Existing Boost Mobile customers can upgrade to the Galaxy S25 Edge for $699.99 with the Unlimited Premium plan [3] Product Features - The Galaxy S25 Edge features Galaxy AI, which enhances user experience through intelligent organization and image enhancements [4] - The camera capabilities include AI-powered Nightography for improved low-light photography [4] - The device is built to withstand everyday wear and tear while maintaining a sleek design [5] Company Commitment - Boost Mobile emphasizes its commitment to providing a superior mobile experience with the latest 5G smartphone offerings and reliable connectivity [6] - The company offers flexible and transparent plans starting at $25 per month for unlimited 5G service [7] - Boost Mobile operates a nationwide cloud-native O-RAN 5G network, ensuring fast speeds and coverage [7]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of EchoStar Corporation - SATS
GlobeNewswire News Room· 2025-05-13 19:20
NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ: SATS).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether EchoStar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 12 ...
Why EchoStar Stock Plummeted by Over 16% Today
The Motley Fool· 2025-05-12 22:49
It's almost never encouraging for an investor to learn of a federal government investigation into one of their companies. That was the news driving down telecom services provider EchoStar (SATS -16.70%) on Monday; the market shunned the stock, to the point where it closed the day more than 16% down in price. The S&P 500 (^GSPC 3.26%), meanwhile, had a banner day with a nearly 3.3% gain.Static on the lineEchoStar is the company that operates both the Boost Mobile budget telecom brand, and the Dish Network sa ...
EchoStar(SATS) - 2025 Q1 - Earnings Call Transcript
2025-05-09 16:02
EchoStar (SATS) Q1 2025 Earnings Call May 09, 2025 11:00 AM ET Company Participants Dean Manson - Chief Legal OfficerHamid Akhavan - President and CEOPaul Orban - Executive VP & CFO of DishJohn Swieringa - President of Technology & COOMarlane Pereiro - High Yield Credit ResearchWalter Piecyk - General Partner Conference Call Participants Sebastiano Petti - Senior Research AnalystBrent Penter - Associate Analyst - Equity ResearchBryan Kraft - AnalystAdam Rhodes - Senior Credit AnalystSam McHugh - AnalystJona ...
EchoStar(SATS) - 2025 Q1 - Earnings Call Transcript
2025-05-09 16:00
Financial Data and Key Metrics Changes - Revenue for Q1 2025 was approximately $3.9 billion, down 3.6% year over year, primarily due to fewer subscribers in the Pay TV segment, partially offset by increased revenue from the wireless segment driven by ARPU growth and higher handset sales [14] - OIBDA decreased to $400 million in Q1 2025, a decline of $70 million year over year, or approximately 15%, mainly due to increased marketing expenses in wireless and decreased OIBDA from the Pay TV segment [14] - Free cash flow before debt service payments was positive at $77 million, while free cash flow including debt service was negative $172 million, an improvement of $55 million compared to the prior year [15] Business Line Data and Key Metrics Changes - Wireless segment saw a strong performance with 150,000 net adds in Q1 2025, a significant improvement from an 81,000 net loss in the same period of 2024 [7] - Hughes business made progress in the enterprise domain, with new contracts and expanded offerings, including a new single panel version of the LEO antenna [10] - Pay TV revenue decreased by 6.9% to $2.5 billion due to a lower average subscriber base, although ARPU increased by over $3 or 3% year over year [16][12] Market Data and Key Metrics Changes - Wireless revenue increased by 6.4% to $973 million, driven by 3.3% ARPU growth and higher handset sales [16] - Pay TV OIBDA decreased to $730 million from $756 million, while OIBDA per subscriber increased by 6.8% year over year [17] - Broadband and satellite services revenue decreased by 3.1% to $371 million due to lower sales of broadband services, partially offset by higher hardware sales to enterprise customers [17] Company Strategy and Development Direction - The company aims to target positive operating free cash flow, optimize subscriber profitability from the Pay TV segment, expand Hughes enterprise, and continue growth from Boost Mobile in 2025 [23] - The company is focused on enhancing its network capabilities and has met FCC requirements for 5G deployment ahead of schedule, with over 24,000 5G sites operational [19] - The company is exploring partnerships and distribution channels to enhance market presence and customer acquisition [74] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the performance across business lines and highlighted the importance of retaining profitable customers amid macroeconomic challenges [12][23] - The company is optimistic about its wireless segment's growth potential, citing attractive offers and improved customer retention as key factors [38] - Management emphasized the strategic importance of LEO satellite capabilities and the company's readiness to capitalize on market opportunities as they arise [32][90] Other Important Information - The company reported a total cash and marketable securities balance of $5.4 billion at the end of Q1 2025, a decrease of $464 million compared to year-end [15] - The company is focused on optimizing its capital expenditures, which were significantly reduced in Q1 2025 compared to the previous year [20] Q&A Session Summary Question: What are the potential cost levers within the wireless segment to improve EBITDA? - Management indicated that adding customers directly on their own network is a significant improvement in cost structure, with about 75% of new customers being added directly on net [26][27] Question: How does the LEO strategy fit within the broader product suite? - Management stated that they are preparing to be a leading provider of global direct-to-device connectivity and are focused on engineering and planning for LEO satellite deployment [32] Question: What is resonating in the market that helps build momentum in wireless? - Management highlighted attractive offers and significant reductions in churn as key factors contributing to net adds in the wireless segment [38] Question: What is the plan for capital expenditures moving forward? - Management confirmed that CapEx will be lower in 2025 but will ramp up as build-out deadlines approach, with a focus on a success-based build strategy [41] Question: Can you provide an update on the litigation with DBS bondholders? - Management declined to comment on the litigation status [51] Question: What investments will be made in distribution and advertising? - Management confirmed that they are working on additional distribution channels and digital sales, with plans to increase routes to market [74]
EchoStar (SATS) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-09 12:40
EchoStar (SATS) came out with a quarterly loss of $0.71 per share versus the Zacks Consensus Estimate of a loss of $0.90. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.11%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.63 per share when it actually produced earnings of $1.24, delivering a surprise o ...
EchoStar Announces Financial Results for the Three Months Ended March 31, 2025
Prnewswire· 2025-05-09 10:30
Wireless: Net subscriber growth (+150K), improved churn (7.2% year-over-year), filed Federal Communication Commission (FCC) certification of more than 24,000 5G constructed "on-air" sites one month ahead of schedule Pay TV: Lowest DISH TV churn (1.36%) in over a decade (excluding the pandemic), growth in average revenue per user (ARPU) (+3% year-over-year) Broadband & Satellite Services: Enhanced in-flight offerings through universal Ka- and Ku-bands, new international contracts for managed network service ...
EchoStar(SATS) - 2025 Q1 - Quarterly Report
2025-05-09 10:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . Commission File Number: 001-33807 EchoStar Corporation (Exact name of registrant as specified in its charter) Nevada 26-1232727 (State ...