(RTTNews) - EchoStar Corp. (SATS), a provider of satellite communications solutions, reported Monday a hefty loss in its fourth quarter, compared to prior year's profit, amid charges and weak revenues.
In pre-market activity on the Nasdaq, the shares were losing around 2.2 percent, trading at $113.00.
For the fourth quarter, EchoStar reported a net loss attributable to the company of $1.21 billion, compared to a profit of $335.23 million in the same period of the prior year.
Total Operating Income before Depreciation and Amortization or OIBDA was negative $566.86 million, compared to positive $397.14 million in the previous year.
Adjusted OIBDA was $583.68 million, compared to $397.14 million in the same period of the prior year.
Total revenues for the fourth quarter dropped to $3.796 billion from $3.967 billion a year ago.
In fiscal 2025, EchoStar reported a net loss attributable to the company of $14.50 billion, compared to a net loss of $119.55 million in the previous year. The loss per share was $50.41 in 2025, compared to $0.44 in 2024.
The significantly wider net loss was primarily due to the non-cash asset impairments and other expenses totaling approximately $17.63 billion.
Adjusted net loss attributable to EchoStar was around $1.05 billion, compared to loss of $664 million last year.
Total revenues for the fiscal year 2025 were $15.00 billion, compared to $15.83 billion in the previous year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
