Loral Space and Communications, Inc. (LORL) - NASDAQ
  • May 21, 2014, 12:51 PM
    • ViaSat (VSAT -6.5%) commercial network revenue grew 15% Y/Y in FQ4 to $96.1M, a marked slowdown from FQ3's 34% growth. Moreover, rising investments led the division's adjusted EBITDA to fall to just $1.9M.
    • At the same time, satellite services revenue (consumer-driven) rose 35% Y/Y to $105.9M vs. 37% in FQ3. The division had adjusted EBITDA of $25.5M (up over 2x Y/Y), and consumer broadband subs rose by 21K Q/Q to 641K.
    • Government revenue fell 3% to $142M (nearly even with FQ3's decline) thanks to the completion of ViaSat's Blue Force Tracking bandwidth contract. Adjusted EBITDA was a healthy $30.2M.
    • ViaSat also disclosed it spent nearly $25M in FY14 on legal expenses. Last month, the company won a $283M jury verdict for its IP/breach of contract suit against Loral (LORL -0.7%).
    • Wells Fargo's pre-earnings upgrade wasn't well-timed.
    • FQ4 results, PR
    | May 21, 2014, 12:51 PM
Company Description
Loral Space & Communications, Inc. engages in the provision of satellite-based communication services. Its operations include video distribution and contribution, satellite transmission, telecommunications, and internet services. The company was founded on June 24, 2005 and is headquartered in... More
Sector: Technology
Industry: Communication Equipment
Country: United States