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Last $59.56 USD
Change Today +0.23 / 0.39%
Volume 144.7K
VSAT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

viasat inc (VSAT) Key Developments

ViaSat Inc. Announces Unaudited Consolidated Financial Results for the Fiscal First Quarter Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2016

ViaSat Inc. announced unaudited consolidated financial results for the fiscal first quarter ended June 30, 2015. For the quarter, the company reported revenues of $344.4 million against $319.5 million a year ago. Income from operations was $9,414,000 against loss from operations of $1,169,000 a year ago. Income before income taxes was $3,526,000 against loss before income taxes of $9,772,000 a year ago. Net income was $2,519,000 against net loss of $6,321,000 a year ago. Adjusted EBITDA was $77.5 million against $60.2 million a year ago. Net income was $2.6 million against net loss of $5.9 million a year ago. Diluted net income per share was $0.05 against net loss per diluted share of $0.13 a year ago. Non-GAAP net income attributable to company was $12,116,000 against $2,416,000 a year ago. Non-GAAP diluted net income per share attributable to company common stockholders was $0.25 against $0.05 a year ago. Strong revenue increases in its Satellite Services and Government Systems segment more than offset declines in Commercial Networks, resulting in overall revenue growth of 8%. Net debt increased by about $55 million sequential from fourth quarter of 2015. The company announced that current outlook for adjusted EBITDA for the fiscal year 2016, hasn't changed from last quarter. The company has been targeting about 20% year-over-year growth, excluding the nonrecurring portion of the Loral settlement, and that would put the company in the range of about $360 million. The company is anticipating that growth will come from Satellite Services, which is driven by growth in consumer broadband as well as commercial aero.

ViaSat Inc. to Report Q1, 2016 Results on Aug 06, 2015

ViaSat Inc. announced that they will report Q1, 2016 results at 5:00 PM, US Eastern Standard Time on Aug 06, 2015

ViaSat Inc., Q1 2016 Earnings Call, Aug 06, 2015

ViaSat Inc., Q1 2016 Earnings Call, Aug 06, 2015

Virgin America Seals Partnership with ViaSat Inc. to Boost In-Flight WiFi Services

Virgin America announced that it sealed a new technology partnership with communication services provider ViaSat Inc., through which 10 of its A320s deliveries slated for September will be equipped with faster WiFi connectivity services. With this new technology, Virgin America will become the first commercial airline to provide in-flight WiFi which can operate in both Ku- and Ka-band satellite networks on the same aircraft. The carrier said it will introduce pricing for the upgraded WiFi service in 2016.

Navy Exchange Service Command's Telecommunications Program Office Selects ViaSat Inc. for Managed Wi-Fi Internet and Voice Services

Navy Exchange Service Command's Telecommunications Program Office, or NEXCOM TPO has selected ViaSat Inc. to upgrade its wireless internet and voice services and provide an enterprise-wide Wi-Fi system to Navy Morale, Welfare and Recreation, or MWR, facilities, Unaccompanied Housing, or UH, Navy Lodges and Navy Gateway Inns & Suites, or NGIS. ViaSat's managed Wi-Fi services will provide support for an increased number of wireless devices per access point mitigating interference, improving range, performance and ability for end-users to connect to the network. ViaSat will also upgrade aging infrastructure and equipment, where required, to improve reliability and stability. Bandwidth demands are increasing due to multimedia streaming, bandwidth-intensive applications and more mobile devices per guest on the network. By upgrading its global facilities to ViaSat managed Wi-Fi services, NEXCOM can meet current guest lodging Wi-Fi demands for instantaneous access to internet applications while saving significant funds on legacy wireless and voice services.

 

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Industry Analysis

VSAT

Industry Average

Valuation VSAT Industry Range
Price/Earnings 59.5x
Price/Sales 2.0x
Price/Book 2.7x
Price/Cash Flow 42.3x
TEV/Sales 1.4x
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