Financial Data and Key Metrics Changes - Q1 2025 revenues reached $92 million, a 21% increase year over year from $76.1 million in Q1 2024 [7][26] - Adjusted EBITDA for Q1 2025 was $7.6 million, with an organic adjusted EBITDA of $11.2 million, representing a 20% year over year increase [7][31] - GAAP net loss in Q1 2025 was $6 million, or a loss per share of $0.10, compared to a net income of $5 million, or $0.09 per share in Q1 2024 [30] Business Line Data and Key Metrics Changes - Commercial segment revenues in Q1 2025 were $64.2 million, a 56% increase from $41.2 million in Q1 2024, primarily due to the acquisition of Stellar Blue [26] - Defense segment revenues increased by 34% to $23 million in Q1 2025 from $17.2 million in Q1 2024, driven by high deliveries to U.S. and Asia defense customers [27] - Peru segment revenues decreased to $4.8 million in Q1 2025 from $17.7 million in Q1 2024, attributed to delays in project renewals and slower progress on existing projects [27][28] Market Data and Key Metrics Changes - Demand for Gilat Defense solutions is increasing, particularly in North America, Europe, and Asia Pacific, with a notable rise in European defense budgets [12][11] - The company secured multiple contracts in Q1 2025, including over $5 million for U.S. DoD connectivity and $23 million for satellite transportable terminals [13][14] Company Strategy and Development Direction - The company is focusing on its newly aligned organizational structure, emphasizing growth in defense, VHTS, and NGSO constellations, as well as in-flight connectivity [6][10] - Gilat plans to increase investment in R&D and sales for its defense segment in 2025, launching several new products to enhance its market position [15][19] - The company aims to leverage its diverse product portfolio to support the growing demand for mission-critical defense connectivity and satellite communications [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by global economic uncertainty and shifting trade policies but expressed confidence in the company's proactive adjustments to sourcing and production [9][10] - The company reiterated its 2025 revenue guidance of $415 million to $455 million, representing a year-over-year growth of 42% at the midpoint [33] Other Important Information - The acquisition of Stellar Blue was completed on January 6, 2025, contributing approximately $25 million to Q1 revenues but also incurring an adjusted EBITDA loss of $3.6 million [7][26] - The company secured a $100 million credit line to finance the acquisition, utilizing $60 million for this purpose [32] Q&A Session Summary Question: Is the defense business expected to benefit from increases in European defense spending? - Management indicated that there is significant traction from increased European defense budgets, with expectations for decent business growth in the mid-term [37] Question: What milestones need to be achieved for the Boeing line fit program? - Management stated that adaptations to the terminal are ongoing, with certification expected within the next two to three quarters [38] Question: How should revenue linearity in Peru be viewed over the next few quarters? - Management expects a revenue run rate of $45 million to $50 million for Peru, with significant revenue anticipated in Q2 and Q3 due to project renewals and hardware deliveries [39][40] Question: How is the integration of Stellar Blue progressing? - Management reported good progress, with strong market acceptance and feedback, and expects to meet revenue goals for Stellar Blue [46][49] Question: What is the anticipated production rate for Sidewinder by the end of the year? - Management expects to reach a production rate of about 100 units per month by the end of the year [56] Question: What is the impact of tariffs on the business? - Management noted that the effect of tariffs is currently not significant, as proactive sourcing adjustments have been made [101][102]

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ:SATS) on behalf of EchoStar stockholders. Our investigation concerns whether EchoStar has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On May 12, 2025, The Wall Street Journal reported that the Federa ...

Core Insights - SEALSQ Corp plans to invest $10 million in WISeSat.Space to enhance satellite constellation deployment and secure communications through Quantum Key Distribution (QKD) technology [1][2] - This investment aims to establish a quantum-resilient satellite network for ultra-secure communications and transactional IoT services [2] - The global quantum communication market is projected to grow at a CAGR of 31.8% from 2025 to 2030, reaching over $1 billion in 2024, driven by the need for enhanced security across various sectors [5] Investment and Strategic Goals - SEALSQ's investment is subject to final approval by its Board of Directors and represents a significant step towards building a secure satellite network [2] - The investment will enable SEALSQ to connect and secure trillions of IoT devices globally, creating a "Satellite-as-a-Service" revenue model [4] - The upcoming June 2025 mission will demonstrate SEALCOIN's capability for decentralized transactions between satellites and IoT devices [3] Technology and Market Position - QKD provides unmatched security by utilizing quantum mechanics, making it essential for safeguarding sensitive data in finance, healthcare, and defense [6][8] - SEALSQ and WISeKey aim to capture a leadership position in the quantum communication market by integrating QKD with satellite infrastructure [6] - The deployment of WISeKey's Quantum RootKey will ensure secure transactions and data privacy, protecting against both classical and quantum threats [10] Future Developments - WISeKey is preparing for multiple satellite deployments in 2025 to expand its network and enhance IoT connectivity [7] - The industrialization of WISeSat's Satellite-as-a-Service platform is expected to accelerate the adoption of quantum-secure services globally [11] - SEALSQ's focus on Post-Quantum Technology aims to address security challenges posed by advancing quantum computing [12][13]

CARLSBAD, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it will release its fourth quarter and fiscal year 2025 financial results on Tuesday, May 20, 2025 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. To participate on the live ...

Financial Data and Key Metrics Changes - The company reported non-GAAP adjusted cash operating expenses of $44.9 million for Q1 2025, an increase from $40.8 million in Q4 2024, driven by higher R&D and administrative costs [27][28]. - Capital expenditures for Q1 2025 were approximately $124 million, up from $86 million in Q4 2024, primarily for materials and launch contracts [28][29]. - The company ended Q1 2025 with $874.5 million in cash, a significant increase from $567.5 million at the end of Q4 2024, due to successful financing initiatives [34][35]. Business Line Data and Key Metrics Changes - The company plans to deploy over 60 satellites during 2025 and 2026, with five orbital launches scheduled over the next six to nine months [7][17]. - Gateway equipment bookings reached $13.6 million in Q1 2025, with expectations of approximately $10 million in bookings per quarter throughout 2025 [20]. Market Data and Key Metrics Changes - The company is focusing on key markets such as the United States, Europe, and Japan for initial service activation, leveraging partnerships with major mobile network operators [13][19]. - The company received special temporary authority from the FCC for FirstNet direct-to-device satellite connectivity, enhancing its service offerings for public safety [14][20]. Company Strategy and Development Direction - The company is at an inflection point, accelerating the launch and scaling of its network while beginning to recognize revenue from commercial and government contracts [6][17]. - The strategy includes a dual approach of utilizing low-band spectrum in partnership with MNOs and acquiring mid-band spectrum to enhance service capabilities [61][62]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to execute at scale, citing strong demand for space-based cellular broadband connectivity [10][31]. - The company anticipates a revenue opportunity in 2025 ranging from $50 million to $75 million, contingent on successful satellite launches and gateway equipment sales [33]. Other Important Information - The company is working on non-dilutive financing options from quasi-governmental sources, with potential funding exceeding half a billion dollars [36]. - The company is also exploring an equipment loan facility of $50 million to $100 million to support manufacturing expansion [35]. Q&A Session Summary Question: Any further details to share on the Legato transaction? - The transaction involves acquiring usage rights for 45 megahertz of mid-band spectrum in the U.S., which is seen as crucial for enhancing service capabilities [39][40]. Question: What is the outlook for the defense use case? - Government demand for space-based solutions is surging, with several contract awards validating the technology and opening paths for revenue [42][43]. Question: Do you plan to submit any proposals for the $25 billion Golden Dome project? - The company believes its technology is well-positioned to contribute to national security goals outlined in the Golden Dome project [45][46]. Question: Are shareholders expected to be invited to future launches? - Shareholders will be invited to future launches, although the upcoming launch in India will not accommodate attendees [47]. Question: What are the short-term plans for Europe following recent communication outages? - The service aims to provide cellular broadband connectivity directly to devices, enhancing safety during emergencies [49][50]. Question: Can you give an update on the commercial launch in the U.S.? - A commercial service is expected to be available by early 2026, with ongoing discussions with carriers like AT&T and Verizon [96].

Financial Data and Key Metrics Changes - In Q1 2025, non-GAAP adjusted cash operating expenses were $44.9 million, up from $40.8 million in Q4 2024, reflecting an increase of $4.1 million due to higher R&D and administrative costs [28][29] - Capital expenditures for Q1 2025 were approximately $124 million, compared to $86 million in Q4 2024, driven by costs related to satellite manufacturing and launch contracts [30] - The company ended Q1 2025 with $874.5 million in cash, a significant increase from $567.5 million at the end of Q4 2024, primarily due to funds raised from convertible notes and an ATM facility [36] Business Line Data and Key Metrics Changes - The company plans to deploy over 60 satellites during 2025 and 2026, with five orbital launches scheduled over the next six to nine months [6][16] - Gateway equipment bookings in Q1 2025 amounted to $13.6 million, with expectations of approximately $10 million in bookings per quarter throughout 2025 [20] Market Data and Key Metrics Changes - The company is focusing on key markets such as the United States, Europe, and Japan for initial service activation, leveraging partnerships with major mobile network operators [13][19] - The company received special temporary authority from the FCC for FirstNet Direct to device satellite connectivity, enhancing its service offerings for public safety [14] Company Strategy and Development Direction - The company is at an inflection point, accelerating the launch and scaling of its network while beginning to recognize revenue from satellite services [5][16] - The strategy includes a focus on vertical integration and rapid satellite manufacturing to meet the growing demand for space-based cellular broadband connectivity [8][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to execute at scale, with expectations for revenue to ramp up towards the end of 2025 and into 2026, estimating a revenue opportunity of $50 million to $75 million for 2025 [34][38] - The management highlighted the importance of connectivity as a human right and the company's mission to provide reliable broadband services, especially in emergency situations [16][52] Other Important Information - The company is working on a strategic acquisition of spectrum rights, which is expected to enhance its service capabilities in the U.S. market [41][42] - The company is also exploring non-dilutive financing options to support its operational plans, including potential funding from quasi-governmental sources [37] Q&A Session Summary Question: Any further details to share on the Legato transaction? - The company is acquiring usage rights for 45 megahertz of mid-band spectrum in the U.S., which is seen as crucial for enhancing service capabilities [41][42] Question: What is the outlook for the defense use case? - Government demand for space-based solutions is increasing, and the company has secured several contracts that validate its technology and open paths for revenue [44][45] Question: Do you plan to submit any proposals for the announced $25 billion Golden Dome project? - The company believes its technology can significantly contribute to the goals outlined in the Golden Dome project [46][47] Question: Are shareholders expected to be invited to future launches this fall? - The company plans to invite shareholders to future launches, although the upcoming launch in July will not include invitations due to logistical reasons [48][49] Question: What are the short-term plans for Europe following recent communication outages? - The company aims to provide cellular broadband connectivity directly to devices, enhancing safety during emergencies, and is working with Vodafone for service distribution in Europe [50][52] Question: Can you discuss the nature of the higher launch costs? - Higher launch costs are attributed to increased demand for rapid service deployment and tariff impacts on materials, but the company remains focused on expediting satellite launches [55][56] Question: How does the spectrum strategy impact MNO agreements? - The company maintains a focus on user experience while enhancing service capabilities through a combination of low-band and mid-band spectrum [66][67] Question: What is the status of beta tests with carrier partners? - Initial activations have begun in the U.S., Europe, and Japan, with successful video capabilities demonstrated, indicating readiness for broader service offerings [72][73] Question: When might we see a commercial launch in the U.S.? - A commercial service is expected to be available by early 2026, with ongoing discussions for agreements with major carriers [92][93]

Globalstar (GSAT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Rebecca Clary - VP & CFOPaul Jacobs - CEOMike Crawford - SMD & Head of Discovery Group Operator Day, and thank you for standing by. Welcome to the Globalstar First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising your hand is raised. To ...

Globalstar (GSAT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Day, and thank you for standing by. Welcome to the Globalstar First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. ...

Financial Data and Key Metrics Changes - Revenue for the first quarter declined year over year to $25.4 million, primarily due to lower revenue from VSAT airtime service, including the loss of U.S. Coast Guard revenue [6][12] - Airtime gross margin increased to 31.5% from 28.2% in the prior quarter, with adjusted EBITDA for the quarter at $1 million [14][17] - Ending cash balance was $48.6 million, down approximately $2 million from the beginning of the quarter [17] Business Line Data and Key Metrics Changes - Subscriber base increased by 5%, reaching over 7,400 subscribing vessels, recovering from the decline experienced in 2023 [8][15] - Quarterly shipments of connectivity terminals exceeded 1,300 units, marking the fifth consecutive record quarter, with significant increases in Starlink terminals [7][10] - Product gross profit was breakeven compared to a positive $300,000 in the prior quarter, with expectations for product margins to remain about breakeven [16] Market Data and Key Metrics Changes - Starlink revenue continued to increase as a percentage of total revenue, driven by strong demand in commercial and leisure markets [6][8] - The company is seeing significant interest in OneWeb terminals, especially outside the U.S. [11][12] Company Strategy and Development Direction - The company is transitioning from a GEO-focused business model to a primarily LEO-based mobile connectivity market, with ongoing double-digit annual growth in subscribers [18] - The launch of the Commvox Edge Secure Suite aims to enhance cybersecurity for vessel communications [10][11] - The company is managing GEO bandwidth commitments carefully, anticipating continued pressure on GEO margins while focusing on strong LEO margins [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic initiatives, highlighting record-breaking subscriber growth and increased product shipments [13][14] - The company is optimistic about generating positive cash flow moving forward, despite challenges in the GEO segment [18] Other Important Information - The company expects to close the sale of its headquarters before the end of the quarter and anticipates the factory sale to close in Q3 [12] - Share buybacks were initiated, with over 30,000 shares purchased at a cost of approximately $163,000 [13] Q&A Session Summary Question: LEO margins breakdown - The majority of the margin comes from actual airtime, with strong underlying LEO bandwidth margins [20][21] Question: Optimization of plans for customers - Current plans are well optimized, but changes in pricing and terminal access charges are expected later this year [22][23] Question: Potential saturation in the maritime market - The market is much larger than before, and saturation is not anticipated in the foreseeable future [25][26] Question: Expansion beyond maritime applications - The existing sales team is handling land-based applications, with no new hires but efforts to identify service providers for land opportunities [27][28] Question: Coast Guard contract revenue roll-off - Negative variance from the Coast Guard contract is expected through the third quarter, with minimal revenue in the fourth quarter [29][32] Question: Future buyback efforts - The company is continuing to buy back shares, with larger numbers expected to be disclosed in the next quarter [33]

Core Viewpoint - AST SpaceMobile, Inc. is expected to report its first-quarter 2025 results on May 12, with anticipated revenue growth and a potential earnings beat based on recent agreements and FCC authorization [1][5][6]. Group 1: Recent Developments - AST SpaceMobile signed an agreement with Ligado Networks to enhance space-based network coverage, gaining access to up to 40 MHz of L-band mobile satellite spectrum in the U.S. and Canada, which will support future processing bandwidth of up to 10,000 MHz per satellite [2]. - Vodafone Group Plc partnered with AST SpaceMobile to create a jointly-owned European satellite service business, SatCo, aimed at providing 100% geographic coverage via space-based cellular broadband for mobile network operators [3]. - The company received special authorization from the FCC for testing services in the U.S., aligning with efforts to bridge the digital divide and enhance emergency communication capabilities [4]. Group 2: Financial Expectations - The Zacks Consensus Estimate for total revenues in the March quarter is $4.33 million, reflecting significant year-over-year growth from $0.50 million [5]. - The consensus estimate for adjusted earnings per share indicates a loss of 15 cents, compared to a loss of 16 cents per share in the same quarter last year [5]. - The earnings ESP for AST SpaceMobile is +2.17%, suggesting a strong likelihood of an earnings beat [6]. Group 3: Company Ranking - AST SpaceMobile currently holds a Zacks Rank of 3, indicating a hold position in the market [7].