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Satnews Daily
February 8th, 2012

ViaSat... Financially Speaking...


[SatNews] ViaSat Inc. (NASDAQ: VSAT) has announced financial results for the fiscal third quarter....

....ended December 30, 2011 including new contract awards of $211.9 million, revenues of $205.0 million, Adjusted EBITDA of $36.9 million, and non-GAAP diluted net income attributable to ViaSat common stockholders of $0.26 per share, or $0.12 per share on a diluted GAAP basis. Year-to-date, ViaSat reported new contract awards of $711.2 million, revenues of $623.1 million, Adjusted EBITDA of $112.1 million, and non-GAAP diluted net income attributable to ViaSat common stockholders of $0.74 per share, or $0.34 per share on a diluted GAAP basis.

“Our third quarter financial results were generally in line with our expectations,” said Mark Dankberg, ViaSat CEO and chairman. “New orders, revenue and backlog are growing compared to last fiscal year, but costs associated with the ViaSat-1 launch delay weigh on earnings. Now, with the successful launch of the groundbreaking ViaSat-1 satellite in October and the subsequent introduction of our new high-speed ExedeSM broadband service early in 2012, we can really grow our broadband subscriber base for the first time since the WildBlue acquisition two years ago.”