Viasat back in the black on record revenues in Q4

Friday 24 May 2019 | 11:37 CET | News
Satellite internet services provider Viasat said revenues for the fourth quarter reached a record high of USD 557.2 million, up 27 percent from the year before. Improved operating profits at all three business segments pushed the company's net profit up to USD 2.5 million from a loss of 19.9 million, while the adjusted EBITDA rose to USD 108.3 million from 55.6 million. New contract awards increased to a record USD 612.3 million from 404.0 million, and the sales backlog to USD 1.866 billion from 1.090 billion. The company also noted that its Viasat-2 insurance claim has been fully settled and

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Categories: Internet / Broadcast & Satellite
Companies: ViaSat
Countries: World
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