ViaSat record revenues, profits

ViaSat reported quarterly and year-to-date revenues of $152.1 million and $427.2 million, respectively, for the third quarter. In addition, the satellite networking company said that pre-tax earnings were up 83 per cent for the quarter and 26 per cent year-to-date.

Third quarter earnings reflect significant margin improvement in both government and commercial products,” said ViaSat CEO Mark Dankberg. “Compared to the same period last year, pre-tax income grew over 80 per cent, even while we invested over 50 per cent more in R&D. Quarterly and year-to-date earnings and revenues are at record levels. While year-to-date orders are solid, third quarter awards reflect timing delays of anticipated extensions to on-going government development contracts.”

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