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ViaSat Announces Net Loss of $20.8M for Fiscal 2013 Q3

ViaSat Inc., the Carlsbad maker of satellite equipment, reported a fiscal 2013 third quarter net loss of $20.8 million, compared with a net profit of $5.1 million for the like quarter of the prior fiscal year.

Revenue for the quarter was a record $286.4 million, up from $205 million in the like quarter of FY 2012.

For the nine months ended Dec. 31, 2012, ViaSat reported a net loss of $43.1 million, compared with a net profit of $14.9 million in the like period of the prior fiscal year.

ViaSat said in the past nine months ended Dec. 31 it obtained new contract awards of more than $1 billion. Over the nine months, the company said its adjusted earnings before taxes and depreciating costs were $122.5 million.

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— SDBJ Staff Report

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