Content analysis
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H.S. junior Avg
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New words:
chain, deadline, hearing, inconsistency, merged, newly, Phase, recompeted, refinance, repayment, Restated, supply, validation
Removed:
announced, category, contemplated, correlation, corroborated, derivative, designed, developed, Europe, favorable, finalized, floating, floor, forward, framework, hedge, Hedging, internally, Ka, Ku, launched, London, marketable, measuring, move, nonrecurring, Offered, pronouncement, refresh, require, role, technique, unadjusted, unobservable, warrant
Financial report summary
?Risks
- Risk Factors Relating to Our Satellite Industry
- Risk Factors Relating to Regulation
- Risk Factors Relating to the Chapter 11 Proceedings
- The market for FSS may not grow or may shrink, and therefore we may not be able to attract new customers, retain our existing customers or implement our strategies to grow our business. In addition, pricing pressures may have an adverse impact on FSS sector revenue.
- Our business is capital intensive and requires us to make long-term capital expenditure decisions, and the adequacy of our capital resources is difficult to predict at this time.
- Our financial condition could be materially and adversely affected if we were to suffer a satellite loss that is not adequately covered by insurance.
- We may become subject to unanticipated tax liabilities that may have a material adverse effect on our results of operations.
- We are subject to political, economic, regulatory and other risks due to the international nature of our operations.
- Our satellite business is subject to foreign currency risk.
- Serafina S.A. currently owns a significant amount of our common shares and may have conflicts of interest with us in the future.
- We have several large customers and the loss of, or default by, these customers could materially reduce our revenue and materially adversely affect our business.
- Reductions or changes in U.S. government spending, including the U.S. defense budget, could reduce our revenue and adversely affect our business.
- The loss of the services of key personnel could have a material adverse effect on our business.
- The COVID-19 pandemic has had a material impact on the U.S. and global economies and has adversely affected, and will continue to adversely affect, our employees, suppliers, customers and end consumers, which has had an adverse impact, and will continue to have an adverse impact, on our business, financial condition and results of operations.
- We may not be able to protect our intellectual property rights, and any assertions by third parties of infringement, misappropriation or other violations by us of their intellectual property rights could result in significant costs and materially adversely affect our business and financial condition.
- Intelsat may fail to realize all of the anticipated benefits of the Gogo Transaction or those benefits may take longer to realize than expected. We may also encounter significant difficulties in integrating Gogo’s commercial aviation business.
- We or our commercial aviation technology suppliers may be unable to continue to innovate and provide products and services that are useful to consumers and airlines, and the demand for in-flight broadband Internet access service may decrease or develop more slowly than we expect. We cannot predict with certainty the development of the U.S. or international in-flight broadband Internet access market or the market acceptance for our products and services.
- Our Gogo CA business involves the possession and use of personal information and the use of credit cards by users of our services, which present risks and expenses that could harm our business. Unauthorized disclosure or manipulation of such data, whether through breach of our network security or otherwise, could expose us to costly litigation and damage our reputation.
- Our Gogo CA business is dependent on agreements with airline partners to be able to access passengers and provide IFC services to airlines. Our failure to timely realize the anticipated benefits from these agreements, renew existing agreements upon expiration or termination, successfully negotiate agreements with new airline partners, or maintain airline and passenger satisfaction with our equipment and services, may have a material adverse effect on our business prospects and results of operations for our commercial aviation business.
- Our Gogo CA business depends upon third parties, many of which are single-source providers, to manufacture equipment components, provide service for our network and install and maintain our equipment.
- Our business, and especially our Gogo CA business, could be adversely affected if we suffer cyber-attacks or other malicious activities on an aircraft, service interruptions or delays, technology or systems failures, or damage to our equipment. A future act or threat of terrorism or other event could result in reduced demand for our products and services or result in a prohibition on the use of Wi-Fi enabled devices on aircraft.
- We may experience a launch failure or other satellite damage or destruction during launch, which could result in a total or partial satellite loss. A new satellite could also fail to reach its designated orbital location after launch. Any such loss of a satellite could negatively impact our business plans and could reduce our revenue.
- New or proposed satellites are subject to construction and launch delays, the occurrence of which can materially and adversely affect our business, operating results and financial condition.
- Our dependence on outside contractors could result in increased costs and delays related to the launch of our new satellites, which would in turn adversely affect our business, operating results and financial condition.
- A natural disaster could diminish our ability to provide communications service.
- If we do not maintain regulatory authorizations for our existing satellites, associated ground facilities and terminals, services we provide, or obtain authorizations for our future satellites, associated ground facilities and terminals, and services we provide, we may not be able to operate our existing satellites or expand our operations.
- If we do not occupy unused orbital locations or use certain frequencies by specified deadlines, or do not maintain satellites in orbital locations we currently use, our rights and/or priority to use these orbital locations and associated frequencies may lapse or become available for other satellite operators to use.
- Coordination results may adversely affect our ability to use a satellite at a given orbital location in certain frequency bands for our proposed service or coverage area.
- Regulation by the FCC and the FAA, which regulates the commercial aviation industry, including the civil aviation manufacturing and repair industries in the U.S., may increase our commercial aviation costs of providing service or require us to change our services.
- Our failure to maintain or obtain authorizations under U.S. export control and trade sanctions laws and regulations could have a material adverse effect on our business.
- If we do not maintain required security clearances from, and comply with our agreements with, the U.S. Department of Defense, or if we do not comply with U.S. law, we may not be able to continue to perform our obligations under U.S. government contracts.
- Operating under Bankruptcy Court protection for a long period of time may harm our business.
- The Chapter 11 Cases limit the flexibility of our management team in running our business.
- We may not be able to obtain confirmation of a Chapter 11 plan of reorganization, including the proposed Plan.
- Our long-term liquidity requirements and the adequacy of our capital resources are difficult to predict at this time.
- As a result of the Chapter 11 proceedings, our financial results may be volatile and may not reflect historical trends.
- We may be subject to claims that will not be discharged in the Chapter 11 proceedings, which could have a material adverse effect on our financial condition and results of operations.
- The Debtors may be unable to comply with restrictions imposed by the agreements governing the DIP Facility and the Debtors’ other financing arrangements.
- We may experience increased levels of employee attrition as a result of the Chapter 11 proceedings.
- In certain instances, a Chapter 11 case may be converted to a case under Chapter 7 of the Bankruptcy Code or dismissed.
- Trading in our common shares during the pendency of the Chapter 11 proceedings is highly speculative and poses substantial risks.