Telecom Lead America: ViaSat, a provider of satellite and
other wireless networking systems and services, has posted revenues of $241.8
million for Q1 FY13, up from $195.1 million for the year earlier period.
The first quarter results include new contract awards
of $332.6 million.
The company posted net loss of $14.1 million for the
first quarter FY13, as compared to net profit of $1.8 million for the first
quarter of FY12.
Segment-wise, revenues for satellite services stood at
$59.3 million, as compared to $56.9 million for the same quarter last year.
Revenues for commercial networks stood at $76.1 million for the quarter,
against $52.2 million for the first quarter of FY12.
Revenues from the government systems recorded at $106.3
million for the first quarter of FY13, as compared to $86.2 million for the
year earlier period.
During the quarter, consumer satellite terminal
installations grew by about 40 percent on a quarterly sequential basis driven
by effective promotions and improved operational processes.
Mark Dankberg, chairman and CEO of ViaSat said that
products and service segments each performed very well this quarter in the
context of their objectives.
In Q1 FY12, the company bagged $31.5 million for the
first Full Production and Fielding (FP&F) order for Multifunctional
Information Distribution System Joint Tactical Radio System (MIDS JTRS)
terminals for the U.S. government.
The company received a bandwidth services order from the
FBCB2 program office.
Furthermore, the company received $35 million award
from the Commonwealth of Australia Department of Defence (ADF) to supply UHF
Satellite Communication (Satcom) Mission System.
During the quarter, the company executed a previously
anticipated contract valued at over $40 million from LiveTV for
Ka-band in-flight Internet services for passengers on a major airline’s U.S.
In addition, the company bagged a $10
million contract from Selex Elsag Ltd for X-band antennas and MD-1366
Enhanced Bandwidth Efficient Modems (EBEMs).