- ViaSat (VSAT -1.9%) has jumped 6% after hours after beating revenue expectations in its fiscal Q4 earnings, largely due to a boost in its government segment.
- Revenues hit records in that segment and in Satellite Services for both the quarter and the fiscal year. And operating cash flow hit a record $411.3M for fiscal 2017.
- for Q4, net income was up 49.4% to $6.7M on a GAAP basis; non-GAAP net income rose 29.3% to $18.5M.
- Adjusted EBITDA of $83.5M was up 3.5% but missed an expected $84.8M.
- Revenue breakout: Product, $196.5M (up 11.3%); Service, $219.97M (up 12.5%).
- Revenue by segment: Satellite Services, $160.9M (up 10.6%); Commercial Networks, $59.1M (down 5%); Government Systems, $196.5M (up 19.5%).
- Conference call to come at 5 p.m. ET.
- Press Release