EchoStar (ECHO) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline reflects a continuation of the negative trend observed in the prior period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline reflects a continuation of the negative trend observed in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
-9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | -$3.8B | -864.3% |
| Sep 30, 2022 | $497.4M | -1.4% |
| Dec 31, 2022 | $4.5B | -75.3% |
| Mar 31, 2023 | $4.4B | -9.0% |
Revenue performance
Reported revenue for the quarter declined, moving lower from the level achieved in the prior quarter and from the year-ago period.
Quarterly comparison
Revenue fell compared with the immediately preceding quarter and was also lower than the same quarter one year earlier, as indicated by the year-over-year change.
What to watch
The sequential decline in revenue warrants attention given the prior quarter's larger base.