viasat inc (VSAT) Key Developments
Navy Exchange Service Command's Telecommunications Program Office Selects ViaSat Inc. for Managed Wi-Fi Internet and Voice Services
Jun 26 15
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.
TEKEVER Group and ViaSat Enters into Strategic Alliance to Expand the Civilian Use of Unmanned Aircraft System Platforms
Jun 19 15
The TEKEVER Group and ViaSat entered into a strategic alliance aimed at expanding the civilian use of unmanned aircraft system (UAS) platforms, also commonly known as drones, with advanced satellite communications. The companies are collaborating by adding ViaSat's communication technologies onto TEKEVER's UAS platforms to push the boundaries of UAS range in civilian beyond line of sight (BLOS) applications, officials say. Research and development (R&D) activities will combine TEKEVER platforms and ViaSat hardware to develop communication systems for current and next-generation civilian drone applications. The products that will be developed through the TEKEVER and ViaSat strategic alliance will expand the range of civilian service applications for drone usage through enabling smaller platforms and longer missions. The first use cases that will be demonstrated include maritime monitoring and critical infrastructure surveillance.
US NEXCOM Selects ViaSat Managed Wi-Fi Services
Jun 11 15
The United States Navy Exchange Service Command's Telecommunications Program Office has expanded its partnership with ViaSat to upgrade its wireless Internet and voice services, and provide a global enterprise-wide Wi-Fi system to Navy Morale, Welfare and Recreation (MWR) facilities, Unaccompanied Housing (UH), Navy Lodges and Navy Gateway Inns and Suites (NGIS). Through the new expanded agreement, ViaSat will implement a large-scale hospitality system that includes use of its managed Wi-Fi services to more than 100,000 transient sailors in more than 24,000 guest rooms and suites outside the continental U.S. (OCONUS). Additionally, the company is providing service to more than 70,000 residents of Navy UH bachelors' quarters and OCONUS family housing units, along with continued support of MWR facilities, including fleet and family service centers, bowling alleys, liberty centers, libraries and child development centers. ViaSat's installations will include: Wi-Fi Internet services; a scalable cloud-based voice calling system; a legacy infrastructure upgrade to provide a pathway to future applications including Internet Protocol Television (IPTV); and advanced online reporting through the ViaSat TRACKOS management platform.
North Carolina Dot Piedmont Service Launches Passenger Wi-Fi Services Featuring ViaSat Inc.'s Managed Wi-Fi Technology
May 22 15
ViaSat Inc. announced the North Carolina Department of Transportation Rail Division has deployed ViaSat's managed Wi-Fi® services on its Piedmont passenger trains to ensure complete wireless internet services to passengers traveling between Raleigh and Charlotte, North Carolina. A free Wi-Fi service is now offered to all passengers and officially launches on the 20th anniversary of the Piedmont railway. Passengers will have non-stop access to surf the web, check and respond to email, engage in social media and stay connected while traveling on the 174 mile corridor.
ViaSat Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 3, 2015
May 19 15
ViaSat Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended April 3, 2015. For the quarter, the company reported total revenue of USD 364.753 million compared to USD 343.924 million a year ago. Income from operations was USD 19.679 million compared to loss from operations of USD 1.139 million a year ago. Income before income taxes was USD 13.630 million compared to loss before income taxes of USD 9.869 million a year ago. Net income was USD 7.436 million compared to net loss of USD 3.491 million a year ago. Net income attributable to the company was USD 7.549 million compared to net loss attributable to the company of USD 3.516 million a year ago. Diluted net income per share attributable to the company was USD 0.16 compared to diluted net loss per share attributable to the company of USD 0.08 a year ago. Non-GAAP net income attributable to the company was USD 17.336 million compared to USD 4.441 million a year ago. Non-GAAP diluted net income per share attributable to the company was USD 0.36 compared to USD 0.10 a year ago. Adjusted EBITDA was USD 89.094 million compared to USD 57.423 million a year ago.
For the twelve months, the company reported total revenue of USD 1,382.535 million compared to USD 1,351.462 million a year ago. Income from operations was USD 83.144 million compared to USD 3.299 million a year ago. Income before income taxes was USD 53.718 million compared to loss before income taxes of USD 34.604 million a year ago. Net income was USD 39.891 million compared to net loss of USD 8.657 million a year ago. Net income attributable to the company was USD 40.363 million compared to net loss attributable to the company of USD 9.446 million a year ago. Diluted net income per share attributable to the company was USD 0.84 compared to diluted net loss per share attributable to the company of USD 0.21 a year ago. Non-GAAP net income attributable to the company was USD 76.051 million compared to USD 20.277 million a year ago. Non-GAAP diluted net income per share attributable to the company was USD 1.58 compared to USD 0.44 a year ago. Adjusted EBITDA was USD 344.846 million compared to USD 221.213 million a year ago.