Trade EchoStar Corp - SATS CFD

EchoStar Corporation Company profile

About Echostar Corporation

EchoStar Corporation is a holding company. The Company is a global provider of satellite technologies, Internet services for consumer customers, which include home and small to medium-sized businesses, and satellite services. It also delivers network technologies, managed services and communications solutions for enterprise customers, which include aeronautical and government enterprises. The Company operates through two segments: Hughes and EchoStar Satellite Services (ESS). Its Hughes segment provides broadband satellite technologies and broadband services for the home and office, delivering network technologies, managed services and communication solutions to domestic and international consumers and enterprise and government customers. The ESS segment provides satellite services on a full-time and/or occasional-use basis to the United States government service providers, Internet service providers, broadcast news organizations, content providers and private enterprise customers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Echostar Corporation revenues increased 5% to $1.99B. Net income totaled $72.9M vs. loss of $40.2M. Revenues reflect All Other and Eliminations segment increase of 13% to $12.2M, North America segment increase of 4% to $1.65B, South and Central America segment increase of 17% to $176.5M. Net Income reflects Gains (losses) on investments, net increase from $31.3M (expense) to $69.5M (income), Interest Expense.

Equity composition

Common Stock, Class A $0.001 Par, 03/11, 1.6B auth., 43,664,136 issd., less 5,532,318 shs. in Treas. @ $98.1M. Insiders owns 0.60%. Class B $.001 Par, 800M auth, 47,687,039 issd.