Market Summary
USD18.01-0.87
Market Closed-4.61%
VSAT Stock Price
VSAT RSI Chart
VSAT Valuation
VSAT Price/Sales (Trailing)
VSAT Profitability
VSAT Fundamentals
VSAT Revenue
VSAT Earnings
Price Action
52 Week Range
17.8847.35
(Low)(High)
Last 7 days
-26.9%
Last 30 days
-29.5%
Last 90 days
-55.3%
Trailing 12 Months
-38%
VSAT Financial Health
VSAT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for VSAT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-06 | Miller Craig Andrew | sold | -4,487 | 26.09 | -172 | pres. government systems |
2023-09-01 | Pak Sean | gifted | - | - | -1,600 | - |
2023-09-01 | Bridenstine James Frederick | gifted | - | - | 1,600 | - |
2023-09-01 | JOHNSON ROBERT W | gifted | - | - | -1,600 | - |
2023-09-01 | Bridenstine James Frederick | gifted | - | - | -1,600 | - |
2023-09-01 | Pak Sean | acquired | - | - | 1,600 | - |
2023-09-01 | Pak Sean | gifted | - | - | 1,600 | - |
2023-09-01 | JOHNSON ROBERT W | acquired | - | - | 1,600 | - |
2023-09-01 | STENBIT JOHN P | acquired | - | - | 1,600 | - |
2023-09-01 | Bridenstine James Frederick | acquired | - | - | 1,600 | - |
Which funds bought or sold VSAT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 24.79 | 571,000 | 1,667,000 | -% |
2023-09-01 | Orchard Capital Management, LLC | sold off | -100 | -5,566,920 | - | -% |
2023-08-22 | NEW SOUTH CAPITAL MANAGEMENT INC | reduced | -6.92 | 5,411,920 | 45,522,000 | 2.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 13.6 | 31,554 | 113,452 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 18.92 | 363,000 | 1,168,000 | 0.01% |
2023-08-21 | VisionPoint Advisory Group, LLC | added | 5.93 | 342,644 | 2,013,460 | 0.82% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.17 | 470,625 | 3,075,930 | -% |
2023-08-16 | GTS SECURITIES LLC | new | - | 433,271 | 433,271 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -6.96 | 3,006,440 | 25,362,400 | 0.01% |
2023-08-15 | GAMCO INVESTORS, INC. ET AL | unchanged | - | 74,200 | 412,600 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of ViaSat
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jul 07, 2023 | blackrock inc. | 8.1% | 9,931,618 | SC 13G/A | |
| Jun 09, 2023 | ontario teachers pension plan board | 9.2% | 11,356,776 | SC 13D | |
| Jun 09, 2023 | triton luxtopholding sarl | 9.21% | 11,356,776 | SC 13D | |
| Jun 09, 2023 | pretzel logic bv | 0.13% | 154,645 | SC 13D | |
| Jun 09, 2023 | cpp investment board private holdings (4) inc. | 9.21% | 11,356,776 | SC 13D | |
| Jun 09, 2023 | wp triton co-invest, l.p. | 9.09% | 11 | SC 13D | |
| Jun 05, 2023 | baupost group llc/ma | 13.21% | 16,288,959 | SC 13G/A | |
| May 31, 2023 | baupost group llc/ma | 21.18% | 16,288,959 | SC 13G/A | |
| Apr 10, 2023 | vanguard group inc | 10.67% | 8,146,813 | SC 13G/A | |
| Apr 06, 2023 | blackrock inc. | 13.5% | 10,292,413 | SC 13G/A |
Recent SEC filings of ViaSat
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 25, 2023 | 8-K | Current Report | |
| Sep 21, 2023 | 8-K | Current Report | |
| Sep 15, 2023 | 3 | Insider Trading | |
| Sep 13, 2023 | 8-K | Current Report | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading |
Peers (Alternatives to ViaSat)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 214.3B | 57.0B | -5.37% | 31.10% | 16.99 | 3.76 | 10.55% | 6.78% |
ANET | 55.0B | 5.3B | -1.65% | 63.08% | 32.2 | 10.46 | 50.27% | 65.17% |
MSI | 45.7B | 9.7B | -1.89% | 21.12% | 30.13 | 4.73 | 14.13% | 26.10% |
UI | 8.4B | 1.9B | -21.59% | -50.80% | 20.65 | 4.34 | 14.71% | 7.65% |
| MID-CAP | ||||||||
FFIV | 9.2B | 2.8B | -1.07% | 8.13% | 27.78 | 3.29 | 4.80% | -3.31% |
CIEN | 6.8B | 4.2B | 10.80% | 15.76% | 30.91 | 1.62 | 14.18% | 11.33% |
LITE | 3.0B | 1.8B | -13.16% | -34.75% | -22.6 | 1.68 | 3.18% | -166.16% |
VSAT | 1.7B | 2.8B | -29.48% | -38.00% | 1.63 | 0.61 | 13.98% | 1966.89% |
| SMALL-CAP | ||||||||
INFN | 869.7M | 1.6B | -6.34% | -18.30% | -121.72 | 0.53 | 13.20% | 96.13% |
COMM | 652.7M | 8.2B | -8.06% | -69.11% | -0.55 | 0.08 | -6.99% | -187.07% |
ADTN | 633.2M | 1.4B | 0.25% | -57.06% | -8.94 | 0.47 | 131.17% | -369.34% |
NTGR | 356.5M | 853.0M | -4.63% | -43.78% | -16.55 | 0.42 | -12.52% | 62.31% |
CMBM | 195.4M | 302.6M | -18.62% | -57.04% | 9.27 | 0.65 | 5.89% | 210.09% |
ViaSat News
Returns for VSAT
Cumulative Returns on VSAT
-11.8%
10-Year Cumulative Returns
-18.5%
7-Year Cumulative Returns
-22.2%
5-Year Cumulative Returns
-18.2%
3-Year Cumulative Returns
Risks for VSAT
What is the probability of a big loss on VSAT?
88.8%
Probability that ViaSat stock will be more than 20% underwater in next one year
61.5%
Probability that ViaSat stock will be more than 30% underwater in next one year.
42.3%
Probability that ViaSat stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does VSAT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if ViaSat was unfortunately bought at previous high price.
Drawdowns
Financials for ViaSat
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 7.7% | 2,754,017 | 2,556,158 | 2,489,930 | 2,463,753 | 2,416,227 | 2,417,179 | 2,159,837 | 2,110,129 | 2,055,250 | 1,920,878 | 2,252,046 | 2,264,711 | 2,302,689 | 2,309,238 | 2,274,738 | 2,241,208 | 2,166,426 | 2,068,258 | 1,950,707 | 1,777,850 | 1,653,450 |
| S&GA Expenses | 6.7% | 766,582 | 718,626 | 683,255 | 686,265 | 661,798 | 640,842 | 591,054 | 557,593 | 530,320 | 497,159 | 513,441 | 517,052 | 518,992 | 523,085 | 506,658 | 485,219 | 470,948 | 458,458 | 446,366 | 431,925 | 408,889 |
| R&D Expenses | -4.5% | 123,162 | 128,923 | 136,502 | 143,438 | 150,634 | 149,474 | 134,986 | 127,409 | 115,328 | 108,501 | 114,452 | 117,813 | 124,596 | 130,434 | 129,335 | 126,099 | 123,145 | 123,044 | 130,526 | 141,747 | 156,655 |
| EBITDA | -100.0% | - | 274,218 | 313,533 | 439,587 | 349,415 | 420,328 | 455,896 | 451,678 | 431,478 | 58,673 | 43,826 | 36,100 | 42,127 | 40,069 | 35,322 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.11* | 0.12* | 0.15* | 0.14* | 0.15* | 0.17* | 0.18* | 0.18* | 0.03* | 0.02* | 0.02* | 0.02* | 0.02* | - | - | - | - | - | - | - |
| Interest Expenses | 186.8% | 76,875 | 26,809 | 30,853 | 27,517 | 28,972 | 29,391 | 23,289 | 25,758 | 29,455 | 32,687 | 35,845 | 37,241 | 36,991 | 38,641 | 39,706 | 45,326 | 49,860 | 50,010 | 44,067 | 29,171 | 15,294 |
| Earnings Before Taxes | -12.6% | -182,585 | -162,155 | -157,759 | -151,982 | -185,824 | -137,910 | -130,624 | -82,874 | -49,413 | -78,200 | 7,981 | -1,141 | 5,136 | 1,428 | -4,384 | -18,114 | -63,028 | -110,481 | -146,887 | -162,843 | -153,324 |
| EBT Margin | 100.0% | - | -0.06* | -0.05* | 0.00* | -0.02* | -0.01* | 0.01* | 0.02* | 0.02* | 0.01* | 0.00* | 0.00* | 0.00* | 0.00* | - | - | - | - | - | - | - |
| Net Income | -5.2% | 1,028,841 | 1,084,806 | -144,251 | -107,816 | -55,110 | -15,534 | 20,239 | 31,989 | 30,230 | 3,691 | 7,522 | 10,352 | 15,023 | 13,813 | 14,278 | -7,049 | -40,709 | -66,469 | -91,348 | -106,232 | -94,526 |
| Net Income Margin | -100.0% | - | 0.42* | -0.06* | -0.03* | -0.01* | 0.00* | 0.01* | 0.02* | 0.02* | 0.01* | 0.00* | 0.00* | 0.01* | 0.01* | - | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -709,107 | -612,793 | -492,029 | -458,821 | -432,639 | -286,557 | -227,796 | -229,246 | -100,026 | -100,465 | -203,540 | -189,194 | -257,030 | -286,989 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 131.5% | 17,898 | 7,730 | 6,802 | 6,510 | 6,483 | 6,389 | 6,087 | 5,993 | 5,995 | 5,349 | 5,249 | 5,203 | 4,904 | 4,884 | 4,514 | 4,367 | 4,262 | 3,915 | 3,630 | 3,630 | 3,544 |
| Current Assets | 52.7% | 3,426 | 2,245 | 1,252 | 1,147 | 1,128 | 1,159 | 1,028 | 1,066 | 1,133 | 991 | 968 | 1,041 | 922 | 1,046 | 750 | 756 | 804 | 887 | 685 | 786 | 614 |
| Cash Equivalents | 45.2% | 1,959 | 1,349 | 182 | 149 | 222 | 310 | 166 | 218 | 276 | 296 | 317 | 350 | 232 | 304 | 48.00 | 87.00 | 130 | 262 | 43.00 | 52.00 | 55.00 |
| Inventory | 24.9% | 336 | 269 | 261 | 244 | 362 | 198 | 354 | 348 | 350 | 337 | 335 | 333 | 313 | 294 | 283 | 270 | 264 | 235 | 230 | 232 | 220 |
| Net PPE | 109.3% | 9,163 | 4,378 | 4,198 | 4,003 | 3,864 | 3,705 | 3,603 | 3,465 | 3,389 | 3,050 | 2,974 | 2,849 | 2,716 | 2,587 | 2,513 | 2,364 | - | 2,125 | - | - | - |
| Goodwill | 904.2% | 1,592 | 159 | 166 | 162 | 187 | 169 | 191 | 191 | 182 | 122 | 122 | 122 | 121 | 121 | 122 | 121 | 122 | 122 | 122 | 123 | 122 |
| Liabilities | 208.1% | 11,922 | 3,870 | 4,180 | 3,882 | 3,781 | 3,707 | 3,411 | 3,319 | 3,338 | 2,962 | 2,901 | 2,896 | 2,805 | 2,834 | 2,488 | 2,361 | 2,289 | 1,999 | 1,744 | 1,745 | 1,652 |
| Current Liabilities | 53.8% | 1,471 | 957 | 851 | 804 | 726 | 770 | 787 | 734 | 745 | 708 | 642 | 625 | 565 | 605 | 538 | 502 | 490 | 485 | 475 | 463 | 447 |
| LT Debt, Current | 57.5% | 60.00 | 38.00 | 41.00 | 39.00 | 38.00 | 35.00 | 30.00 | 30.00 | 30.00 | 30.00 | 34.00 | 32.00 | 29.00 | 30.00 | 30.00 | 30.00 | 20.00 | 20.00 | 22.00 | 48.00 | 45.00 |
| Shareholder's Equity | 55.3% | 5,940 | 3,824 | 2,589 | 2,628 | 2,702 | 2,683 | 2,676 | 2,673 | 2,657 | 2,387 | 2,347 | 2,308 | 2,099 | 2,050 | 2,025 | 2,006 | 1,973 | 1,916 | 1,886 | 1,884 | 1,892 |
| Retained Earnings | -5.8% | 1,241 | 1,318 | 121 | 164 | 212 | 234 | 263 | 269 | 266 | 249 | 242 | 235 | 233 | 245 | 244 | 237 | 234 | 246 | 243 | 252 | 278 |
| Additional Paid-In Capital | 85.7% | 4,718 | 2,541 | 2,506 | 2,497 | 2,483 | 2,422 | 2,398 | 2,382 | 2,360 | 2,093 | 2,070 | 2,048 | 1,847 | 1,788 | 1,763 | 1,752 | 1,726 | 1,657 | 1,630 | 1,614 | 1,589 |
| Shares Outstanding | 21.1% | 93.00 | 77.00 | 76.00 | 76.00 | 75.00 | 74.00 | 74.00 | 74.00 | 72.00 | 69.00 | 68.00 | 67.00 | 63.00 | 62.00 | 62.00 | 61.00 | 61.00 | 61.00 | 60.00 | 60.00 | 59.00 |
| Minority Interest | 0.3% | 36.00 | 36.00 | 33.00 | 32.00 | 49.00 | 49.00 | 41.00 | 39.00 | 37.00 | 36.00 | 29.00 | 28.00 | 26.00 | 22.00 | 19.00 | 15.00 | 10.00 | 8.00 | 5.00 | 10.00 | 10.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 17.4% | 432 | 368 | 437 | 506 | 480 | 506 | 556 | 621 | 635 | 727 | 701 | 587 | 547 | 437 | 406 | 400 | 320 | 328 | 291 | 284 | 259 |
| Share Based Compensation | 0.6% | 85.00 | 84.00 | 87.00 | 87.00 | 86.00 | 87.00 | 85.00 | 85.00 | 86.00 | 85.00 | 87.00 | 88.00 | 86.00 | 87.00 | 85.00 | 83.00 | 82.00 | 80.00 | 78.00 | 76.00 | 72.00 |
| Cashflow From Investing | -64.9% | 269 | 768 | -1,129 | -1,071 | -1,001 | -1,129 | -1,033 | -1,039 | -1,055 | -885 | -866 | -855 | -802 | -758 | -744 | -553 | -514 | -489 | -515 | -639 | -617 |
| Cashflow From Financing | 1715.1% | 1,068 | -66.13 | 711 | 502 | 473 | 644 | 331 | 288 | 465 | 150 | 434 | 532 | 358 | 365 | 342 | 191 | 270 | 355 | 108 | 165 | 252 |
VSAT Income Statement
2023-06-30Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||
| Total revenues | $ 779,791 | $ 575,056 |
| Operating expenses: | ||
| Selling, general and administrative | 219,581 | 171,625 |
| Independent research and development | 29,004 | 34,765 |
| Amortization of acquired intangible assets | 27,811 | 7,523 |
| Income (loss) from operations | (41,516) | (56,638) |
| Other income (expense): | ||
| Interest income | 19,189 | 123 |
| Interest expense | (55,939) | (5,873) |
| Other income, net | 1,011 | |
| Income (loss) from continuing operations before income taxes | (78,266) | (61,377) |
| (Provision for) benefit from income taxes from continuing operations | 533 | 22,813 |
| Equity in income (loss) of unconsolidated affiliate, net | 831 | |
| Net income (loss) from continuing operations | (76,902) | (38,564) |
| Net income (loss) from discontinued operations, net of tax | 17,525 | |
| Net income (loss) | (76,902) | (21,039) |
| Less: net income (loss) attributable to noncontrolling interest, net of tax | 102 | 525 |
| Net income (loss) attributable to Viasat, Inc. | $ (77,004) | $ (21,564) |
| Income (loss) per share attributable to Viasat, Inc. common stockholders - basic: | ||
| Continuing operations | $ (0.83) | $ (0.52) |
| Discontinued operations | 0.23 | |
| Income (loss) | (0.83) | (0.29) |
| Income (loss) per share attributable to Viasat, Inc. common stockholders - diluted | ||
| Continuing operations | (0.83) | (0.52) |
| Discontinued operations | 0.23 | |
| Income (loss) | $ (0.83) | $ (0.29) |
| Shares used in computing basic net income (loss) per share | 93,106 | 74,863 |
| Shares used in computing diluted net income (loss) per share | 93,106 | 74,863 |
| Comprehensive income (loss): | ||
| Net income (loss) | $ (76,902) | $ (21,039) |
| Other comprehensive income (loss), net of tax: | ||
| Foreign currency translation adjustments, net of tax | 8,527 | (20,341) |
| Unrealized gain (loss) on hedging, net of tax | 6,297 | |
| Other comprehensive income (loss), net of tax | 14,824 | (20,341) |
| Comprehensive income (loss) | (62,078) | (41,380) |
| Less: comprehensive income (loss) attributable to noncontrolling interest, net of tax | 102 | 525 |
| Comprehensive income (loss) attributable to Viasat, Inc. | (62,180) | (41,905) |
| Product [Member] | ||
| Revenues: | ||
| Total revenues | 236,372 | 172,495 |
| Operating expenses: | ||
| Cost of revenues | 197,078 | 149,116 |
| Service [Member] | ||
| Revenues: | ||
| Total revenues | 543,419 | 402,561 |
| Operating expenses: | ||
| Cost of revenues | $ 347,833 | $ 268,665 |
VSAT Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,958,506 | $ 1,348,854 |
| Restricted cash | 33,964 | 30,532 |
| Short-term investments | 134,266 | |
| Accounts receivable, net | 630,530 | 419,934 |
| Inventories | 335,561 | 268,563 |
| Prepaid expenses and other current assets | 333,642 | 176,629 |
| Total current assets | 3,426,469 | 2,244,512 |
| Property, equipment and satellites, net | 9,162,891 | 4,378,283 |
| Operating lease right-of-use assets | 442,654 | 281,757 |
| Other acquired intangible assets, net | 2,546,130 | 201,205 |
| Goodwill | 1,592,057 | 158,542 |
| Other assets | 727,405 | 466,038 |
| Total assets | 17,897,606 | 7,730,337 |
| Current liabilities: | ||
| Accounts payable | 377,638 | 271,548 |
| Accrued and other liabilities | 1,034,065 | 647,232 |
| Current portion of long-term debt | 59,757 | 37,939 |
| Total current liabilities | 1,471,460 | 956,719 |
| Senior notes | 3,610,544 | 1,689,186 |
| Other long-term debt | 3,607,750 | 732,315 |
| Non-current operating lease liabilities | 419,888 | 273,006 |
| Other liabilities | 2,812,092 | 218,542 |
| Total liabilities | 11,921,734 | 3,869,768 |
| Commitments and contingencies (Note 10) | ||
| Viasat, Inc. stockholders’ equity | ||
| Common stock | 13 | 8 |
| Paid-in capital | 4,718,054 | 2,540,679 |
| Retained earnings | 1,241,332 | 1,318,336 |
| Accumulated other comprehensive (loss) income | (19,889) | (34,713) |
| Total Viasat, Inc. stockholders’ equity | 5,939,510 | 3,824,310 |
| Noncontrolling interest in subsidiary | 36,362 | 36,259 |
| Total equity | 5,975,872 | 3,860,569 |
| Total liabilities and equity | $ 17,897,606 | $ 7,730,337 |
Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment, internet, and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and advanced software and communication infrastructure services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics. This segment provides broadband Internet services to approximately 590,000 subscribers. Its Commercial Networks segment offers fixed satellite communication systems comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas; design and technology services comprising analysis, design, and development of satellites and ground systems; application specific integrated circuit and monolithic microwave integrated circuit chips; and network function virtualization. Its Government Systems segment offers various mobile and fixed broadband modems, terminals, network access control systems, and antenna systems; cybersecurity and information assurance products and services; and tactical radio and information distribution systems to enable voice, and real-time collection and dissemination of video and data using secure, and jam-resistant transmission links. The company was incorporated in 1986 and is headquartered in Carlsbad, California.