EchoStar (ECHO) Research & Development (2009 - 2023)
EchoStar's (ECHO) quarterly Research & Development came in at $6.5 million in Q3 2023, down 29.6% year-over-year from $9.2 million in Q3 2022, and down 5.54% quarter-over-quarter from $6.8 million in Q2 2023.
Analysis
EchoStar (ECHO) Research & Development (2009 - 2023) Analysis & Trends
EchoStar has disclosed Research & Development across 15 years of filings, most recently posting $6.5 million for Q3 2023.
- In Q3 2023, Research & Development fell 29.6% year-over-year to $6.5 million; the TTM figure through Sep 2023 stood at $28.8 million (down 16.2% YoY), while the FY2022 annual figure was $32.8 million, up 3.25% from the prior year.
- Research & Development came in at $6.5 million for Q3 2023 at EchoStar, down from $6.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $9.2 million in Q3 2022 to a low of $6.1 million in Q3 2019.
- Average Research & Development over 5 years is $7.4 million, with a median of $7.4 million recorded in 2020.
- Year-over-year, Research & Development climbed 27.53% in 2020 and fell 29.6% in 2023.
- Over 5 years, Research & Development stood at $6.3 million in 2019, then climbed by 27.53% to $8.1 million in 2020, then gained by 9.26% to $8.8 million in 2021, then slipped by 17.8% to $7.2 million in 2022, then fell by 10.83% to $6.5 million in 2023.
- Per Business Quant data, the three most recent Research & Development figures were $6.5 million in Q3 2023, $6.8 million in Q2 2023, and $8.3 million in Q1 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | EchoStar | 26.43 Bn | 24.94 Bn | 1.65 Bn | - |
| 2 | AST SpaceMobile | 18.76 Bn | 18.76 Bn | 9.12 Mn | 7.77 Mn |
| 3 | Globalstar | 10.56 Bn | 10.15 Bn | 41.17 Mn | - |
| 4 | Viasat | 10.02 Bn | 8.28 Bn | 643.41 Mn | 45.49 Mn |
| 5 | Iridium Communications | 5.04 Bn | 4.86 Bn | 173.92 Mn | 5.53 Mn |
| 6 | Telesat | 682.55 Mn | 405.09 Mn | 53.65 Mn | - |
| 7 | Gogo | 357.66 Mn | 294.52 Mn | - | 13.29 Mn |
| 8 | Kvh Industries Inc \De\ | 136.15 Mn | 78.43 Mn | 14.63 Mn | 5.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 6.46 Mn |
| Jun 30, 2023 | 6.84 Mn |
| Mar 31, 2023 | 8.26 Mn |
| Dec 31, 2022 | 7.25 Mn |
| Sep 30, 2022 | 9.18 Mn |
| Jun 30, 2022 | 8.76 Mn |
| Mar 31, 2022 | 7.62 Mn |
| Dec 31, 2021 | 8.82 Mn |
| Sep 30, 2021 | 7.97 Mn |
| Jun 30, 2021 | 7.44 Mn |
| Mar 31, 2021 | 7.55 Mn |
| Dec 31, 2020 | 8.07 Mn |
| Sep 30, 2020 | 7.68 Mn |
| Jun 30, 2020 | 7.45 Mn |
| Mar 31, 2020 | 6.25 Mn |
| Dec 31, 2019 | 6.33 Mn |
| Sep 30, 2019 | 6.14 Mn |
| Jun 30, 2019 | 6.39 Mn |
| Mar 31, 2019 | 6.89 Mn |
| Dec 31, 2018 | 7.24 Mn |