Viasat, Inc. has recently released its 10-Q report, providing an in-depth look at the company's financial condition and results of operations. Viasat, Inc. operates through two segments: Communication Services and Defense and Advanced Technologies. The Communication Services segment offers broadband and narrowband communications solutions, in-flight connectivity, government satellite communication systems, maritime services, fixed broadband services, and other narrowband services. The Defense and Advanced Technologies segment provides information security and cyber defense, space and mission systems, tactical networking, and advanced technologies and other products and services to government and commercial customers.
In the Management’s Discussion and Analysis of Financial Condition and Results of Operations section, Viasat, Inc. highlighted forward-looking statements regarding future events and results, emphasizing the company's current expectations, estimates, forecasts, and projections. The company also identified various factors that could cause actual results to differ materially from these forward-looking statements, including capacity constraints, increasing competition, changes in economic conditions, reliance on government contracts, and regulatory changes.
The report also detailed the sources of revenues for both segments. The Communication Services segment primarily generates revenues from aviation services, government satcom services, maritime services, fixed broadband services, and energy services, as well as from satellite and wireless products and terminal solutions. On the other hand, the Defense and Advanced Technologies segment derives its revenues from information security and cyber defense, space and mission systems, tactical networking, and advanced technologies and other products and services provided to government and commercial customers.
Moreover, the report mentioned that almost all of Viasat, Inc.'s revenues are derived from fixed-price contracts, with the remainder primarily coming from cost-reimbursement contracts, mainly reported within the defense and advanced technologies segment.
As a result of these announcements, the company's shares have moved 4.15% on the market, and are now trading at a price of $45.94. For more information, read the company's full 10-Q submission here.
