EchoStar Corporation (NASDAQ:SATS) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET

Company Participants

Dean Manson - Chief Legal Officer

Hamid Akhavan - President and Chief Executive Officer

Paul Gaske - Chief Operating Officer

Conference Call Participants

Ric Prentiss - Raymond James

Michael Rollins - Citi

Chris Quilty - Quilty Space

Operator

Good day and thank you for standing by. Welcome to the EchoStar Corporation First Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Dean Manson, Chief Legal Officer. Please go ahead.

Dean Manson

Thank you. Good morning, everyone and welcome to our earnings call for the first quarter of 2023. I'm joined today by Hamid Akhavan, our CEO and President; Paul Gaske, our Chief Operating Officer; Jeffrey Boggs, Senior Vice President of Finance; and Veronica Takacs, our Chief Accounting Officer. As usual, we invite media to participate in a listen-only mode on the call and ask that you not identify participants or their firms in your report. We also do not allow audio recording, which we ask that you respect.

All statements we make during this call, other than statements of historical fact constitute forward-looking statements made pursuant to the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involves known and unknown risks, uncertainties and other factors that could cause our actual results to be materially different from historical results and from any future results expressed or implied by the forward-looking statements.

For a list of those factors and risks, please refer to our annual report on Form 10-K for the year ended December 31, 2022, filed on February 2022 and our subsequent filings made with the SEC. All cautionary statements we make during the call should be understood as being applicable to any forward-looking statements we make wherever they may appear. You should carefully consider the risks described in our reports and should not place any undue reliance on any forward-looking statements.

We assume no responsibility for updating any forward-looking statements. We refer to adjusted EBITDA during this call. The comparable GAAP measure and a reconciliation thereto are presented in our earnings release.

I'll now turn the call over to Hamid.

Hamid Akhavan

Thank you, Dean and good day, everyone. Our agenda for the call today is as follows: First, we'll provide a brief overview of financial activity from the first quarter. After that, we will discuss our business strategy, which includes the 3 parallel work streams that are called Horizons and our progress on all 3. We'll then move to question-and-answer session.