The financial situation at EchoStar/Dish Network looks dim, as the newly combined entity issued an ominous warning via this SEC filing that raises "substantial doubt" that the company can continue as a going concern.
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EchoStar/Dish raises doubts about 'ability to continue as a going concern'
'Dish's business is spiraling toward bankruptcy,' says MoffettNathanson's Craig Moffett. Dish shed 314,000 pay-TV subs and 123,000 Boost wireless customers, and EchoStar dropped 59,000 satellite broadband subs in Q4 2023.
