SATS - Earnings call transcript Q1 2022

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Ladies and gentlemen, thank you for standing by and welcome to EchoStar Corporation Conference Call for First Quarter 2022 Results. [Operator Instructions] Now, I would like to welcome Mr. Terry Brown. Sir, please go ahead.

Terry Brown

Thank you. welcome XXXX. earnings and first for everybody of quarter morning, to call our the Good joined by Kaul, am and Rayner, Dean I today General Ken COO President; CEO Manson, Corporate and David Carroll, and EVP CFO; Development. and Pradman Counsel President of Hughes; Hamid of Secretary; Akhavan, our

in participate As that participants identify you to listen-only your on in firms report. usual, we invite the mode not or a media call ask their and

respect. which also do you not ask We recording, we audio that allow

now call the the me Safe Harbor for Let to Dean turn over disclosure.

Dean Manson

uncertainties statements during Litigation Thank Securities historical our you, historical could we statements. factors the made risks, Harbor statements forward-looking forward-looking future and from other Terry. actual by Safe pursuant Private the to from Reform constitute different statements All Act this provided make expressed cause involve call, results materially and results forward-looking be to by the any of other that and than implied results known XXXX. or fact, statements of These unknown

a year we the call risks, being report filings for be and with of subsequent they XX-K refer cautionary XXXX All to Form applicable on to the forward-looking our the appear. annual our For factors December make on any please February wherever those made filed make XX, as XX, during we SEC. statements ended and should list understood statements

undue risks reliance consider will carefully any assume the call turn I in over place updating described forward-looking on responsibility any to now our should statements. any statements. should forward-looking You for and no reports not Hamid. the We

Hamid Akhavan

forward interacting in in my everyone. I and with day many pleased first I the and future. participate call, you Dean to you, good Thank of EchoStar earnings to look am

success decided contributions his to are past and aware, great over leave to Strategy Johnson, We to his Satellite him the some EchoStar has Services, Officer for new tremendous and thank of XX company wish would Chief pursue Anders to like President in interests. endeavors years. of EchoStar other As our our you Anders

have our agenda overview Our the of for first the brief a provide today team to is quarter. call

I the environment. make a overview, We’ll to the will question-and-answer general Following and business session. comments then competitive some move on

now me Pradman. to over turn Let it

Pradman Kaul

customers we U.S. sales Hamid. efforts the manage in Starting existing to base to new with and consumer optimize to being segment. fees. base. consumer QX, HughesNet provide team initiatives more continue broadband service intended we our to help and monthly are has In service returns North giving and underway better Thank and America, subscriber are maximize plans marketing customer The a adjusted U.S. the Hughes the U.S. across The several increasing ARPU. the experience plans you, data implemented to higher

innovative initiative hybrid a This an creates underway and technology in consumer-grade the summer. combines that LTE Plans well which LTE to Another first-of-its-kind is technology product, are terrestrial this is responsive select this consumer connectivity. markets faster, and a to more bring satellite geo experience. sector geo Internet

new Our North secure contract provide signed group at retail SD-WAN their a customer locations. a with American enterprise significant services XXX to

customers several pipeline in extensions the closed also We with upgrades and industry.

in Navy. received and team Affairs Veteran the Force LEO development, OneWeb’s deployment active Activities. for March, show DoD. XXXX to business engineers – and extension services continue time Social enterprise defense the In our trade Department profile, sleek award global the continues with ideal mobile government its solution antenna very service steered electronically in moving this a new phase OneWeb and demonstrated very VA has new an for global And no ESA a We exciting and provide revolutionary market, connectivity. the U.S. to support on the signage robust, fixed Space to an launch. another SATELLITE parts Our at from to announced Administration’s Knowledge low OneWeb Network, new the remains distribution received from of for and digital the OneWeb, offices. civilian agreement satellite U.S. deliver Security the the gateways for satellite Focused we a of the sector, another X,XXX of and government orders the the services in support to service.

An So, U.S., by also a the to team let’s usage economic while offering has high. international conditions. Latin during adverse These Mexico government little selected and America constrained won access community to In equipment WiFi team talk our projects connect JUPITER service continues JUPITER capacity two the than quarter, using projects pursue be America, community in certain new Five that our areas, in in HughesNet markets being school are in about impacted Latin to System bit Internet equipment example, and operations. The X,XXX and more and remains adapted strategy more this providers response, hotspots. WiFi like enterprise capacity. sites. high-value in the

of Hughes pilot ethernet. successful community project WiFi to we Brazil, And backhaul active LTE the an uses Express satellite crossed to announced also tower than in We sites. X,XXX a geo which connect LTE more a

XXXX. a progress All Jupiter Maxar our due The satellite continues project. X capacity. priority, increase Maxar. launch our of an has Jupiter provided critical of to the progress Maxar and is part to in tangible to schedule higher American X represent on plans now Latin reallocation these projects delay spacecraft updated government-related at first in of we This on our expect to in resources to quarter yield

offer pleased with plans highly All I in about disappointed we was will are quarter. high-speed as we all, the very to this with markets capacity it delay, demanded significant additional X excited service customers. ability well as our bring the execution during remain as as our by Jupiter Although the to

now to me call Dave. over turn the Let

David Rayner

everyone. morning, Good Pradman. you, Thank

and the revenue first the the fourth higher higher of was in compared strong and XXXX. same Our XXXX also of quarter quarter year to remained period last compared to

both on continued and we internationally. increase broadband factors, While the of consumer constraints impacted business by has opportunities, a have growth to capitalizing result of our and been government and capacity our domestically revenue other as enterprise

change will in has mix and margins. some put our pressure this our revenue on continue to However,

additional this As management our Pradman place prudent can until mentioned, and several of impact will margins the we protect efficient change of we initiatives limit business, remain our the we have in million in to by was provided capacity EBITDA minus the the year. CapEx, quarter, increasing period Free during $XX adjusted flow, X million Jupiter the as cash satellite. last the defined monetize same $XX from

the open at the opportunities a we of to Our growth. balance shares strongest the bought quarter cost cash of XXXX, the stock continue back $XX of first for of X.X to one market sheet remains and industry, we seek In in in million deploy our million.

Hamid. call the me to Let now turn over back

Hamid Akhavan

Dave. to my employees team evidenced more by maintaining leadership EchoStar around for at begin as today’s and newcomer but thanking for to track not as of all of Thank by world, here a I a our solid a welcome me the want just results. performance warm you, than X,XXX record

a that to and competitively. there flexibility. are corporate mention view venture situation, our reassessment of the examination my resources, competition midst and strong we the and I but fresh position profile. would based address business and having to dynamic and and telecom our and decades. opportunities that I or would in on as vertical customers. say assert well serves I like I side our on resources a in even as where about of view I’m say verticals positioned market institutional of of an today, rapid know portion life, the nature seen questions financial role about EchoStar many satellite I rise But adjacent to growth been our heritage industry a which know, is refine spent the We’ve preliminary to and all broader strategy, industry will with where goal the we are reasons. team this and as of of in long-term that operates my technological the every industry in my are our excited its industry, most the today, about every of the I As have for be equation business region globe to given I in well I great prepared midst of winning our the not month of growth the a opportunities, just I’m of in the our leadership change reignite

sheet, First, of most have peers say. a cannot strong competitors something that and our we uniquely balance

rates the think benefit strong and as environment I interest likelihood of rise this the becomes of becomes a recessionary as more balance evident sheet meaningful.

prefer Secondly, with are enterprises experiencing worldwide. to we have reputation Industry a developments alike Government with and trusted we and trusted working partners a as presence uncertain partner geopolitical want global would our customers and team. during today. work

momentum in high-level that to engineering I’m have initiatives provide in domain, we capabilities. and I a updates opportunities. and asset unmatched I on are strategic couple spectrum unique accelerating of And would say, share about on. our excited focused S-band we a Third, assets our finally, we have want that tremendous,

applications. that industry’s of XG networks, non-terrestrial NTN, Release in are association, setting reached or month to to the include XGPP, or XX. address Partnership satellites is first completion we Project, Generation one, last pleased Release wireless role For its XX main the which of Satellite global the Third standard and the XG S-band XG assets, handheld a mobility satellite global to positioned are to of spectrum mobile devices, standardized XGPP, enabling communication addressing service coverage. global services, become IoT in ecosystem. is include EchoStar leading direct-to-device its Because and specifications direct operator access

of that is its is capabilities, service services solution update LoRa mobile EU capabilities. to licensee, and EchoStar our remote and first testing satellite-based we market IoT other very satellite with IoT service. bidirectional begun the with expect it the transform enhanced low-cost Mobile pre-commercial LPWAN global new, has real-time The LoRa satellite EchoStar Mobile, and

many and can key happy Now one be this among countering shaping the we industry, about fact. opportunities challenges

leads of be and earnings of planning to what with investment coming thinking business, our both share call, long-term specifics more our analysis will financial be investor are strategy ability acquisitions, the the jeopardized. the and never favorable. via I will post to may asymmetrically choose second the risk/reward believe of do. requires independence equation to any participate over chart companies in organically careful in the significant and And take and players We solid future direction few hope strategic one quarter is other of defensible while our to about we I industry sure the stability our growth events and core to independent ‘XX quarters.

start to over me the operator the Q&A now to it turn session. Let

Operator

[Operator Analytics. the first question is Quilty from line of Quilty Chris Instructions] Your from

is open. Your line now

Chris Quilty

the more pricing specifically around the of Hi, does strategy alignment other a leave pricing was new or When with your Hamid to Question and in competitors it are welcome business the now you of pricing and initiatives. at that implemented start in aboard. and market general on premium? some Hughes still

Pradman Kaul

February it, in this Well, year. beginning for think, I we implemented

to we so And beginning are impact. see the

showed Some QX clearly the of impact the this increase. results ARPU, of higher price

well. going that’s So,

range same than are the our in fairly primary the it’s offerings and competitiveness, LinkStar as of today. terms – lot a market the long competitor not in Now obviously, that in

Chris Quilty

to Understand. the different that I service about know for reflect begin satellite the how how that, – And to year you be with have whatever, packages come do X But online. satellite? and types a Jupiter change when we to offered do you of will plans pricing the the

Pradman Kaul

It’s value have that the a we us to And that to in with market. with it the competitive very intend to customer But Jupiter to X. position higher the give should to bits be give strongly gets, the will that customer. premature think additional speeds little I talk intend about plans to customer. We the we more clearly,

Chris Quilty

Great.

the really had that assume strong out overall activity the the OneWeb year? is Is of Just gateways. look of equipment balance that majority should starting sales. at year-over-year we Hughes the some to How through I on off? revenue equipment to the lift you’ve fall due business,

Pradman Kaul

No.

stronger. getting it’s fact, In

during order input good. new very was Our QX

in backlog equipment our is that So business high.

during I year. would a this going of to performance of our be that’s the expect rest So part strong

Chris Quilty

Communications that the that got didn’t guess strategy is Bharti – I in the new final? the Are there changes forward going there name now any Hughes the Great. And I right, major that’s you Bharti official well, plan talk JV. if What you... it’s about India, and

Pradman Kaul

think, an exciting business. part, That’s our I international Yes. of

million venture is joint with up come XX%. know, and with the – already you together we to Airtel leading cellular XXX Bharti And backhaul. things like owns backhaul cellular XX% remaining you providers to started over working two India in own provide Bharti As that of one know, strategies service subscribers. Airtel, of we’ve as

for connect expect Bharti to that for business stations the our major few – a other. the next requirements XG India, we JV, that have India come lot expect it to base in most years. to of And to that be cellular and should in implemented part and growth with gets for we XG So is backhaul of going as each this of a new

Reliance cellular other which to hope is to in the to to our major element continue business and continue that Jio, we of company grow India, too. also We equipment supply

Chris Quilty

in And are Indian concerns market? the there any near-term capacity

Pradman Kaul

we think don’t right so. concerns I No. I now. have don’t think any

that the regulated, Indian been FCC instantly, loosen up has India, that – major solve it issues I And of think the nice It’s which be a where an the will has business being to started but the ISpA. highly which market that was create is Space I there tenor organization in some There little not run, that will I to the think general that bit. area. called expect regulatory is changes in unfortunately, similar out will advances going government they in very changing. announced

Chris Quilty

Can give size, or the on on of solely know second the expense that antennas design market? scale, where the this in a was OneWeb question on flat had is would of you for do us sell Got partnered willing terms parties? with intended that that to there panel you the or scope you history be Gilat on of in competitiveness it. you expect be antenna with and the positioned you product? flat others project? price announced. final other past, What I question of it is, panels. And other And bit little to to And ESA

Pradman Kaul

have OneWeb that Ku-band certainly LEO, will of is done a this obviously be in no to major the a Gilat to much. user No. our with agreement market. very because going effort they had it also ESA. customer OneWeb. We a really and There exclusivity in anybody succeed original The major sell with is we didn’t

are And low no moving that it we manufactured So our mobility This being not totally factories. excited initially ESA ideal for and excited, potential is we’re technology, our at Hughes too parts, at and making anymore. very elements applications. a very pursued because very customers developed the revolutionary are Hughes. have it’s aeronautical All new profile,

Chris Quilty

a brings up that So question.

of standards, serve in If product consumer markets aviation sort to and could, is a then be any price you designed it this way, the to index. the the intended not consumer clearly that

Pradman Kaul

clearly mobility high-end It’s of you’re Yes. government It’s – for big right. and being enterprise – No. enterprise aeronautical absolutely element markets. the designed markets, and it, high-end a markets, clearly also

Chris Quilty

everybody. Very good. Thank you

Operator

James. Prentiss is question line next of the Your from Ric from Raymond

now is line Your open.

Ric Prentiss

Hi, good morning, everybody.

Hamid Akhavan

Hi.

Ric Prentiss

couple of I want to ask a questions.

back earnings of Back earnings back to to ask busy a day. back I calls. to Sorry, Hamid to wanted questions. couple

EchoStar? apologize factors what and opportunity attracted First, if this addressed, was at days, so what you where your specifically asked or some learned the the you about might have in you far far XX what growth of as As see to first be?

Hamid Akhavan

Hughes There you, were to question. factors attracted many Thank for and that EchoStar the me family. Ric,

product least sheet of technology of and part I I supplier, investments background, solid Other some was bringing today’s been the First, it, and been value I that I I for Pradman one in technology. the and X is was from of the past that, sitting was I at in the equity my solid, actively a look part opportunities with of of was at company. Hughes innovation I and in and familiar years technology have technical extremely familiar for and that the I disruptive customer terms to with at here, incredibly impressed and the Hughes me. capabilities in been fact, bring investments. or many very is going here, And here foundation came a in a at believe is the by in to including the had company, and was think TMT there And than I high-profile recognize mean years is in And exposing the innovation, of familiar opportunity X significant technology private forward I a market ago. next with a When balance XX heart, involved very I technologies very, I heart. undervalued. the business market. has life, of to company services great the best players,

using I’d have to of dynamics we investor. our that understanding speculative we a be our look in best comments, in where cheaper environment in our opportunities been market more market, optimally mentioned never heading rash that, been as will investor. I that of better that the serving questions, our use probably see I to set expectation using rash. answer be be our forward a think a like decades, question, have I your will And acquire. cover and thought three never I happens. questions business resources. But – I I happen resources something a in earlier and cash and you using will or follow-on to which was to to and And of will short use I the but sheet. want a never the four never is Long Now to even to our a I high my will as more be our I don’t abilities for terms will – balance direction active expand Ric.

Ric Prentiss

a and interest. having to a SWOT analysis, Exactly. threats you what Just new as new needs? very kind might it Kind battleship it technologies? level, to the high is new Is acquisitions. of are a that of of opportunities that that of you really kind the customer to What work that at at? sheet you balance open And bases? Is potential of it put something think strength, it weaknesses, look Is see regions? door Hughes/EchoStar be

Hamid Akhavan

Yes.

certainly, not technology. So it’s

much adjacencies, in we but have in-house, harvest. we – plenty power I’m in might expecting to home. terms not technology of plenty think in have think have how of we happen it technical I I looking or

areas should is where take areas in on might can – If me market, focusing market accelerate to So which anyway. It’s how guess, in-house, new an shortfall technology, we and I area So do gain organically, markets, market it we that’s we of some routes new have would plenty innovating we we probably a how into where long; capabilities take than not markets; too not scale our where at to are be growth. can these technologies have are will. there those through the to of acquisitions? in products perhaps and of we the focus inhibitor be do, a we adjacent can rather

Ric Prentiss

return Kind is where we I what do looking well me flow lot cash into a that for capital? when about one of free at? compensation to are and got serve their revenues lot a of come with are company, is be talks important serve some here will goals also. shareholders it little at new accomplishment Other sure because or the Okay. you incentive say, me on from well selfish are. going a well you EBITDA executives what metrics share if times standpoint? us as to, And or personal you’ve a to bit Hey, about make package tied a Can hopefully metrics want your or the

Hamid Akhavan

Right.

most to plans to our and be let’s get course for evaluations So following we are our platform published, say – and it. I effective strategic the fair going moment, a and And few plan middle what change this no I think for as a foundation space, months is would for packages I year. the that mean we I it’s and in have call feel But the way compensation of will might been this compensation the where the to it’s of the is about the the take – to that in year obviously, sure. they thinking, us a think what there at are

we’re doing go. to in incentive think work So time that progress in would we promote in in just terms directions the that for systems preparation of I want

strategic and year So I little around this are where discussion organized our the a good is probably to towards directions. have a bit guess, end the of more, orchestrated we

We of X. heard don’t towards plans great, strategic plans our to Now direction. utilize there that will great want towards certainly Jupiter and There I you have. OneWeb And we sectors. government are we products around have don’t Pradman great say what other that expansion around a offer is

And and of that work so there executing been done are is we a has on. strategic significant amount

job So is the that. to accelerate

I certainly in, think want we have this S-band down. that hopefully, progress and in just on area the our we double could to already. do seen directions We

an complete back So rather this paper, be not blank necessary to of acceleration which sheet more here. would of certainly a than is

Ric Prentiss

and Thanks. is come space, let some there Great. time. back the you. Hamid. Thank will I others some questions if to Welcome ask

Hamid Akhavan

Thank you.

Operator

next of Your the Analytics. Quilty from Caleb line from Henry question is

Your line is open. now

Caleb Henry

everyone. Hi,

questions or two from three me. Just

development? first is is already that antenna the its The Or still in selling so, something when panel shipping? was is EchoStar discussed Is that is on flat release that earlier. and if that date? And

Pradman Kaul

prototype built done year. We’ve a early some the development. in with production units. in prototype few should first still It’s and next be We demonstrations

Caleb Henry

And your Okay. target what’s that? price for range

Pradman Kaul

we’re think this strategy our at don’t price discussing I stage.

We will obviously see is the like what different the applications. for market

are of yet. So with But I the so very be can bill you the we in other if market have at just I look what we units should far. competitive seen that though, tell it don’t ready materials, think is you,

Caleb Henry

constrained. – from kind Do more Okay. there capacity Pradman, – when leased any heard you X? you past, of have capacity plan procure to Jupiter now other and any leases EchoStar anticipate has I will operators the capacity in I is between

Pradman Kaul

those capacity, deal come sense and have guys. has can But looking unfortunately, constantly our and help and to we economically it are We’re would can to yet who America, the especially we business. But from one, haven’t evaluate with over that any talking because I’m make But sure economically. are it economics we – if North people up of at compelling us. excess seen that only tough,

Caleb Henry

S-band, with constellation. EchoStar last of my the if just guess LEO I some XGPP, question, your any clarity regarding progress wondering was I then gives to And and Okay. regarding that

system the IoT I plans think that future any orbit. QSat what Have one look is of will the been fleshed in for there like? out

Hamid Akhavan

in that answer certainly angles the standard are XG we on for few say opens and satellites that, to inclusion and developments a too and bit at. that which clearly early to was a for XGPP happened looking Certainly, news to a in this spectrum us yesterday. I analyzing that but a our routes not monetize can up assets, It’s us deeply

ourselves in bringing that been part helpful of connectivity been would pockets, of be of have is there. it supportive terms have – We and they already satellite with view activity that, to a which very that are

participate it. we opportunity, are understand about that, that. And So, will shape is one fashion, the excited we be quite what, – bit quarters so work you detail. or exactly – form that of to a in But maybe technology, done, quarter that kind there. the from trying and a – by of still not a us, for clarity rest more that to two the us the share to the question or we also please we build the is industry and us in to of and There but with just And framework happen. this of and I to figure allow out will then in of think is commercialization

Caleb Henry

to That’s Okay. guys my the welcome industry you questions. all Hamid. and Thank

Hamid Akhavan

Thank you.

Operator

question from line is Capital. next Nitin the from Your Sacheti Papyrus of

Your line is open. now

Nitin Sacheti

guys, are you well. Hi doing hope

hurdle about can stock. mentioned projects or and through given sort come I maybe And of – continuing of question the on quickly earlier, kind whether sort the around just you mobile opportunities, is, where sort And of a CapEx us what of of versus Hamid, cadence else past, in ramping of give enterprise sense subscribers? could then to you talked Jupiter the just buyback what the in of next talk the backhaul sort tell and just is second quickly, X, wholesale us there consumer maybe X delays given is talk year? capital Jupiter aggressively a anything stock versus it’s through this or some new maybe but have know Just of, that we just the – then really anything of you could the on over

David Rayner

ticking modem in we Hamid JX. Rayner. as we CPE portion start probably is have up as address question. consumers. A part a the as be start into range. go – I is well first as deploying on we CapEx of the the for out, completed that probably somewhat to standpoint, $XXX address From and a in me the This will customer in will that. will expect CapEx so correctly this a in below JX Dave of also, significant per final second million new point were of to Let where basis, would be that of And continuing payments year. year rest will of you the we of and Pradman let half other that infrastructure anticipation on the launch generation will But ground I XXXX,

Hamid Akhavan

Maybe on hurdle rate. the I can comment

I market did is believe earlier I rate, not more of am market. In down a or terms specific the mention terms market hurdle investment that of would an in do I better our something of of a becoming a out from – adjacent hope the I that that opportunities that from But of anticipating and am recessionary we growth that a even have market, we personal very in if perspective a part hope little might not looking forward function a – target is market in tech market. the the have heading anything. cheaper. us turns I towards long-lasting sector seen it not perspective, are sectors I to we to is – a and softening, economic that the because that and But

recent to bit have that to more as just levels a opposed come You been down have valuations the historical overinflated. times seen

So, think and we we desire that have picking always we of outside our if back the is our are shares buying will and our certainly, But we if I up heading own the that acquisitions base. our towards option But that own versus trade way. is shares our the making of way, think market acquisitions, let’s put that it they well from coming undervalued. – existing significantly growth sure customer shifted

that I You has the active. the changed maybe much days, the after don’t us exuberant is set most can would the little making be very XX But want more certainly or that utilize that sure hopefully rash. expectation will market changed much in – I you efficiently. to so focus job, too Again, accept company see so high that our resources on too and a we

Pradman Kaul

Was piece that, repeating this you please? don’t mind there another if of question,

Nitin Sacheti

opportunities Pradman. and early now Jupiter Yes, are we the on with subscriber consumer of – away X – we X. ramp we around just X of ramp year a enterprise wholesale versus saw that It’s only for Jupiter consumer or opportunities since saw sort course,

Pradman Kaul

Yes. Sure.

major cellular them and the two of and that hertz productivity new every use can think is fact use the of these backhaul for we in price community I satellites. have two the sector bandwidth the clearly, WiFi. bandwidth increase we the higher applications enterprise Both a get our see in of we that

that’s the difference. primary probably So,

We these enterprise obviously, market then the to markets serve add serve and on to it. will, and markets two defense continue continue the other to

Nitin Sacheti

appreciate you. I Thank Okay. it.

Operator

is question line next Prentiss James. from the of from Ric Your Raymond

Your line open. is now

Ric Prentiss

follow-ups. little about so walk Appreciate obviously, how us announced or he from bit want Thanks. Can Yes. you weeks resigning now. Hey. I effectively is growth? about Anders – through some in that as to bench? a the mean ask the the and our Anders four has out is and what segment means And thoughts in How what see leaving potential as to that S-band deep playing that on the work? does far it you ESS

Hamid Akhavan

legacy the leaves team leaves Right. to Anders thank here, his XX behind. Well, contributions he great the great in years. a want all, and company first great a for to past I great, He of also

in a that have deep in-house area. bench very We

I involved in do for and NASA S-band telemetry aspect technical a I have interest myself. have, as career satellite. personally my as of some So every practice. engineer in in developing that – I started I mentioned, being a background

so And saying, of every so way as in opportunity having nothing attention reduced And love with leadership, better own we it of make has team losing day his to in guess, should I – shifting don’t here, getting resources gets we to or I there. been in there rally is up critical you incredible terms the will are to and long S-band a that my our that always of my are but was keeping the contribute heart. in around personal more see anything, make sure I Anders will we think order that lost If space. resources. us sure

directly don’t it and level team aspects is we than very with business. have team, me So, of in anything negative the interfacing read at the terms to that of other top good please a

Ric Prentiss

We little about that between saw of jointly. and fairly DISH, what kind the Defense contract details out a coming few next us interest might press of and of sisters a EchoStar/Hughes working Hughes pan recently are of some bit share of over with partnerships company of Can DISH on releases DISH, you years? Department sister the EchoStar

Pradman Kaul

enter. at of for are we where that interesting providing base grows because element going business prime a is a being being to XG naval the it’s a people. DISH network base. us be area to our to in very this EchoStar/Hughes part other we It’s a business. Clearly, exciting being Yes. working prime – are of and Hughes with subcontractor opportunities new how with And our it’s new And along the see

hopefully, is next will work it’s the started, take try over the few to – step months. to the it So, just next and we

Ric Prentiss

looking the us EchoStar a communication first as many be how And of as not Day communication well. out their DISH. communicating one since you Street? XX certainly, Street. we hopefully, DISH, in Day are to is Investor of Analyst with lot attending at you The Analyst think almost both DISH there do on But more will I of and get at major Hamid, as Speaking The more DISH, longer there. investor years about thoughts one with will seat in, forward the you much throw a come

or kind talking their term Any it to more about least certainly even targets, because other stock, longer is underfollowed was at growth underfollowed a targets their of targets, earnings problems as or targets on call I morning companies thoughts guidance where guidance in lot there high-level an knowledge. guidance. stock, about were aspirational two causes with philosophical have an this people lot questions. a or gaps concerning Any As of updating providing

Hamid Akhavan

on appreciate a you guidance be should I give and to If would give it you… would it not if but I any XX not your question, imprudent, after days – you I job. it rely you in

Ric Prentiss

you I doing? know, is it consider something

Hamid Akhavan

and would now would not not anything solid it be trust foundation if a Certainly, say having I anyway. you right

understanding DISH length bit comment I we Let arm’s Look, have public different more that me on never a so have I – that’s allow obviously a relationship me make with. of to regardless, will company a please an business. the – can

perspective company. have new to building do space. we I think honestly, doing that And it They with that’s would of just things. a bringing But in I new But connection is they we innovative as from do at market. Chairman The are the technologies like are DISH they their level. things any about it. business other are rest

things basis EchoStar. of us, even are basis Some to doing, on relevant Open of and the a and for some some is our business XGPP things of which deployment applicable at RAN, those also they are the hopefully ultimately here like

I we innovation So, a bring to they to and to think of bringing synergies terms I hope and lot in – a what we are see their what of see lot market, market.

you just certainly give any or again or And where am question quarters quarter think this two I guidance guidance let’s change in more today. about sharing. I I revisit any it. a that’s But comfortable cannot

Ric Prentiss

It makes and and Analyst of with other opening what the kimono that finally to kind of their Day/Investor is. piece sharing related [ph] their is sense. DISH are the an plans I is vision Day, question guess just And what’s

people or the the just interested kind X that. but Analyst EchoStar in? hopefully an you understand in you not at of you look of on speed help or on really what quarter you what of As two the day Day that Again, a people for schedule philosophically more ‘XX, even something quarter kind and possibility now in to clarity are Jupiter next next quarters, Jupiter is Do or tires S-band even to where maybe S-band days future, be on two would the up maybe first the kick getting to headed? X are see, hosting the get is and it

Hamid Akhavan

we to have more do the like one would with to interaction I – market. the of Certainly, things Yes. like to do is

that can look structure assets we more have our to of our I interactive think benefit just with at you, the at expose company, things you. being you if more have – the believe to look communicative. I if of balance sheet, more products and being we I valuable and is from you information think we one

something So, need be standard it on you that our to with my we it’s in I take my interaction intent and us you increase communicative our you, it. your quarter with when and is we we you. with mentioned opportunities. that share and a But was and of to rely direction time But interactive or we for are comment more can two heading as valuable more with being sure the earlier have quarters I in that more respect open

Ric Prentiss

it. appreciate I Great.

are guys. Stay those Thanks So, my well. questions.

Operator

There please continue. are Presenters, further questions. no

Terry Brown

Okay.

think to we I we ahead want for call to with – and meeting. go want want the the conclude today. we And thank that, everybody joining to

we to talking to So, forward you quarter. next look

Hamid Akhavan

See you everyone. Thank you soon.

Operator

concludes conference you And with for that, this today’s Thank attending. call.

may disconnect. now You

Terry Brown	Investor Relations
Hamid Akhavan	Chief Executive Officer and President
David Rayner	Chief Operating Officer and Chief Financial Officer
Pradman Kaul	President, Hughes
Dean Manson	General Counsel and Secretary
Ken Carroll	Executive Vice President, Corporate Development
Chris Quilty	Quilty Analytics
Ric Prentiss	Raymond James
Caleb Henry	Quilty Analytics
Nitin Sacheti	Papyrus Capital

EchoStar (SATS) 9 May 222022 Q1 Earnings call transcript