ViaSat, Inc. Misses on Revenue

ViaSat Inc. (NASDAQ: VSAT), an innovator in satellite and other wireless networking systems and services, announced financial results for the third quarter of fiscal year 2014. Revenues increased 16% to $332.6 million compared to the same period last year, and Adjusted EBITDA hit record levels, growing 17% year-over-year to $56.7 million for the third quarter of fiscal year 2014. Non-GAAP diluted net income attributable to ViaSat (VSAT) common stockholders was $0.03 per share, or a loss of $0.13 per share on a diluted GAAP basis compared to net income of $0.04 and a loss of $0.47 per share, respectively, for the third quarter of fiscal year 2013.