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
Zee Telugu Announces World Television Premiere of Sai Pallavi and Naga Shaurya Starrer Kanam

Weekend plans just got better with Zee Telugu’s horror World Television Premiere, Kanam, to your home screens on Sunday

Television TV Channels Regional
Republic TV complains to TRAI, BARC on Times Now’s genre slotting

The ever-competitive business of TV news is set to witness another round of slugfest. Republic TV has complained to Telecom Regulatory Authority of India’s (TRAI) and Broadcast Audience Research Council of India about English news channel Times Now getting the channel re-slotted under Hindi news...

Television TV Channels Viewership
Zeel reports higher numbers on improved ad, subs revenues

The Subhash Chandra-led Zee Entertainment Enterprises Ltd (Zeel) reported a 15 per cent year on year (y-o-y) growth in total revenue for the quarter ended 30 June 2018 (Q1 2019, period, or quarter under review) as compared to the corresponding year ago quarter (Q1 2018).

Television TV Channels GECs
Dsport to broadcast 'British Open' live for viewers in India

Dsport will broadcast the 147th edition of the much awaited ‘British Open’ live in India. The tournament will commence from 19 July 2018 at the Carnoustie Golf Course, Scotland.

Television TV Channels Sports
Zee Telugu to enhance family ideals with Ninne Pelladatha, brand-new fiction show

Providing the audiences with yet another entertaining and relatable fiction show, Zee Telugu launches Ninne Pelladatha, a show that highlights the bond humans share, regardless of being blood-related.

Television TV Channels Regional
Religious most benefitted genre in Chrome DM week 28

With a growth of 2.05 per cent as compared to last week (27), the religious genre marked the highest opportunity to see (OTS) among all categories in week 28 of Chrome Data Analytics & Media.

Television TV Channels Viewership
BARC India plans expansion of metre homes to 44,000 by this FY

Rural India is getting in the limelight. TV ratings body BroadcastAuidence Research Council (BARC) is expanding metre homes to 44,000 by this financial year.

Television TV Channels Viewership
Ranjana Mangla appointed national revenue head of India Today TV

Ranjana Mangla has been appointed the national revenue head of India Today TV. She will report to the chief revenue officer Rahul Kumar Shaw and will be based out of the ITG Mediaplex, Noida.

Television TV Channels News Broadcasting
Discovery chronicles the harrowing story and extraordinary rescue of the thai soccer team that is captivating the world in Operation thai cave rescue

From the moment the heartbreaking news broke that 12 young Thai soccer players and their 25-year-old coach were stuck in a cave complex near the Myanmar border

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories