ViaSat reports record Q3 sales

ViaSat has reported record sales and earnings for its third quarter of fiscal year 2002, ended 31 December, 2001. ViaSat claims to produce advanced digital satellite telecommunications and wireless signal processing equipment for commercial and government markets. It claims to be a market leader in Ka-band satellite systems, from user terminals to large gateways for both geosynchronous and low earth orbit systems. It has field offices in India, China, Boston, the United Kingdom, Australia.

Sales for the quarter were $50.1 million compared to $43.1 million for the comparable quarter last year, a 16.2 per cent increase. Net income, which includes the effects of acquisition charges, for the third quarter of fiscal year 2002 decreased 11 per cent to $2.4 million compared to net income of $2.7 million for the third quarter of the prior year. Sales increased 24.3 per cent to $148.4 million for the nine months ended December 31, 2001, compared to $119.4 million in sales for the same period last year. 

Business Highlights include:

1. ViaSat reached agreement and subsequently completed the acquisition of US Monolithics (USM) for approximately $30 million in cash and stock. USM is a designer of proprietary gallium arsenide millimeter wave Integrated Circuits (MMICs) with strong capabilities in the packaging and integration of subsystems including power amplifiers, block upconverters and entire transceivers, especially in complex high-frequency applications. USM is expected to improve ViaSat's margins on existing product lines, as well as on large broadband opportunities that ViaSat is pursuing.

2. Although selected in February 2001, this quarter ViaSat received an order from Boeing for the development and initial production quantities of the receive and transmit subsystem for the Connexion by Boeing broadband Internet and data communication service. Also during the quarter, ViaSat delivered initial production units to the venture, in support of two-way broadband demonstrations for their customers, including private aircraft owners and agencies of the United States government.

Latest Reads
Four news genres saw no change in BARC week 2

All the four genres apart from Hindi news urban market saw no change in second week of the year. Aaj Tak continued to groove on the same tracks in the rural, urban and U+R genres as it did the previous year. India TV and News18 India interchanged their positions in the Hindi news urban market.

Television TV Channels Viewership
Sony Entertainment Television leads urban areas in week 2 of BARC

Sony Entertainment Television jumped to second position to fifth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 2 of 2018. Zee Anmol retained its first position in the rural market. Sony Entertainment Television and...

Television TV Channels Viewership
Aaj Tak becomes the world’s first News Channel to be awarded YouTube’s ‘Diamond Play Button’

India’s No.1 news channel Aaj Tak creates history yet again! The prestigious ‘Diamond Play Button’ bestowed by YouTube, recognises Aaj Tak as the global no.1, the first and the only news channel in the world to have crossed the 10 Million Subscriber mark.

Television TV Channels News Broadcasting
News18 India launches campaign; asserts channel’s leadership

News18 India, Network18’s general Hindi news channel, recently launched a campaign with a humorous and quirky film to drive home its leadership position in the crucial primetime band in the highly competitive Hindi TV news segment.

Television TV Channels News Broadcasting
Join Drac’s Pack on their cruise as &flix presents its next #FlixFirstPremiere ‘Hotel Transylvania 3: Summer Vacation’

It is seldom that you get to see the hilarious side to a monster trying to get himself a date with the help of a technological app like Siri! Have you ever seen a monster film that is full of fun, frolic, laughter, romance and adventure?

Television TV Channels English Entertainment
9XM On Stage with Salim Sulaiman

To celebrate the Republic Day week, 9XM - India’s most popular Bollywood music destination announces the launch of 9XM On Stage a splendid musical night created in honour of the Indian Armed Forces.

Television TV Channels Music and Youth
Prime Focus joins hands with Pritam and Kwan to create JAM8

Integrated media services company Prime Focus Ltd has announced its collaboration with Jam8, a musical platform founded by Indian music composer/director Pritam, and KWAN, a talent management company to serve as a 360-degree creative solution provider for the M&E industry.

Television Production House Film Production
Star Movies Kids is the new kid on the block

A few years ago Star India decided to hive off some bits of its repertoire and focus exclusively on its main GEC Star Plus and the emerging sports scenario. Surprisingly, the channel is now taking a new turn by targeting the youngest viewers. As per industry sources, the Uday Shankar-led network is...

Television TV Channels Kids
Zapak and Cartoon Network India partner to launch ‘Ben 10 - Alien Run’ mobile game

Anil D. Ambani led Reliance Entertainment’s Zapak, India’s leading Gaming Destination, in association with Cartoon Network India, rings in the New Year with an epic launch for fans and gamers alike, with Ben 10 - Alien Run Mobile Game.

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories