Finance

Viasat revealed its financial results for the fiscal First Quarter (Q1) 2019, ended June 30. The company saw healthy overall growth, especially from its In-Flight Connectivity (IFC) service. Total revenues were reported at $537 million, a 22 percent increase compared to Q1 2018. Additionally, adjusted EBITDA for Q1 2o19 was $96.8 million, an increase of...

Isotropic Systems revealed that Trevor Lund has joined the company as senior vice president of engineering, responsible for the day-to-day development of the company’s satellite communications terminals. The 37-year industry veteran will lead the engineering team as the company transitions from technical development to product design and manufacturing leading up to the mass production of Ka- and...

Maxar Technologies reported its financial results for its Second Quarter (Q2) 2019 ended June 30, in which revenues took a decline. Revenues were reported at $490 million, a decrease of about 15.4 percent compared to Q2 2018. The decrease was primarily attributed to a $73 million decrease in the Space Systems segment and an $11 million...

Thaicom had a difficult quarter with revenues falling in the three months to the end of June. The operator reported revenues $38.8 million (1.2 billion baht) — down close to 19 percent compared to the same stage last year, and nearly 7 percent from the First Quater (Q1) this year. Thaicom said this was due...

NanoAvionics has opened a factory and office in the U.S., and hired Franklin Brent Abbott, the former chief executive for AAC/Clyde Space North America. Additionally, Robin Sampson has been hired as business development manager for NanoAvionics U.K. and Western Europe. Vytenis J. Buzas, CEO of NanoAvionics said: “North America and Europe are two vital markets for...

Telesat revealed its financial results for its Second Quarter (Q2) 2019, in which it reported consolidated revenues of $174.8 million ($231 million CAD), an increase of 9 percent compared to the same period in 2018. When adjusting for the impact of foreign exchange rate changes, revenue increased by 8 percent compared to the same period...

ST Engineering is determined to build one of the most important companies in satellite over the next few years. Its acquisition of Newtec is yet more evidence of an progressive strategy to serve the industry better. Tang Kum Chuen, president of satellite systems, electronics, ST Engineering told Via Satellite that the acquisition of Newtec will...

Eutelsat Communications reported its financial results for its full year 2018-2019, in which it saw a slight decrease in overall revenue. The company reported revenues of approximately $1.5 billion (1.3 billion euros) for the 12 months to the end of June, a decrease of 5 percent year-over-year. Its Mobile Connectivity segment grew the most at...

Intelsat reported total revenue of $509.4 million and net loss attributable to Intelsat S.A. of $529.7 million — compared to a net loss of $46.8 million for the same period in 2018 — for the three months ended June 30. The net loss reflects a $381.6 million asset impairment charge incurred in the Second Quarter...