EchoStar Corporation (NASDAQ:SATS) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET

Company Participants

Terry Brown - Investor Relations

Hamid Akhavan - President and Chief Executive Officer

Pradman Kaul - President, Hughes

Dean Manson - General Counsel and Secretary

Ali Butt - Chief Accounting Officer

Conference Call Participants

Ric Prentiss - Raymond James

Michael Rollins - Citi

Chris Quilty - Quilty Analytics LLC

Operator

Good day and thank you for standing by. Welcome to the EchoStar Corporation’s Conference Call for Third Quarter 2022 Results. [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, Terry Brown. Please go ahead.

Terry Brown

Thank you. Good morning, everybody and welcome to our earnings call for the third quarter of 2022. I am joined today by Hamid Akhavan, our CEO and President; Pradman Kaul, President of Hughes; Dean Manson, General Counsel and Secretary; and Ali Butt, 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.

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

Dean Manson

Thanks, Terry. 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 involve 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, 2021 filed on February 23 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 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.

Now I’ll turn the call over to Hamid.

Hamid Akhavan

Thank you, Dean, and good day, everyone. As some of you are aware, David Rayner retired as our Chief Operating Officer and Chief Financial Officer in early October. And we would like to thank him for his many contributions and wish him well in the future. An executive search for his replacement is underway, and we will keep you informed on our progress. As for agenda for the call today, first, we will provide a brief overview of financial and operational activity from the third quarter. After that, I will provide an update on our business strategy. And we’ll then move to question-and-answer session.