Article on Viasat's latest quarter

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  • Updated 4 weeks ago
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A lot of tidbits to glean from this article.

And yes, Viasat is claiming almost $200 million in lost revenue from Viasat-2 failing to perform as planned.

Subscriber growth remains rather stagnant.

Consumer revenue is up in part because of tweaked plans offering the lure of "unlimited" data (for a higher cost/month of course).

http://www.govtech.com/biz/Viasats-Re...

And this article, while behind a paywall, has enough information to show that we, as consumers, are the ones most impacted by Viasat-2's issues (not that we needed an article to tell us that. Lol)

https://www.spaceintelreport.com/vias...
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Posted 1 month ago

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The revenue and backlog gains, however, carried the day with investors. The company’s shares jumped 11 percent to close at $70.79 on Thursday.
I'm guessing the guy from a month or so ago who was going to recommend his investor group dump Viasat, based solely on his investment research on what folks were posting and complaining about here, is probably regretting that decision about now... even with the rebranding it appears some don't recognize that Viasat is much more than residential internet services. Government contacts dwarf the other two segments combined last quarter.

That was always the case with some companies I worked for over the years - focus was on government contracts and the other segments primarily existed to generate steady revenue streams when government work tightened - mom always liked government segments best.          

(Edited)
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Government work is how many big companies live or die. Ask all the defense and space contractors over the last 60 years. Many of them no longer existed after their project got canceled or their work was finished.

I was surprised about the insurance information. That has been kept very very quiet.