Viasat Inc. saw its second quarter revenue grow to $517.5 million from $393.1 million in the same quarter one year ago, an increase of 31.6 percent.
The Carlsbad business, which offers satellite services and equipment, reported its financial results on Nov. 1. Shares of Viasat (Nasdaq: VSAT) rose slightly more than $7 to close at $70.81, an 11 percent increase.
Net loss in the second quarter was $25.7 million, up from a net loss of $13.7 million in the year-ago quarter. On Viasat’s calendar, the second quarter ends Sept. 30.
The corporation reported record orders of $739 million in the recently ended quarter, up 92 percent over the same period last year. Contract awards in government systems were especially strong: Viasat reported $450.7 million, up from $182.6 million one year ago. For the first half, the business reported $1.3 billion in contract wins.