Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 215

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 215
---
5
    )%

    Segment product revenues

    253.0

    200.6

    52.5

    26
    %

    Total segment revenues
     
    $
    303.4

    $
    253.7

    $
    49.7

    20
    %

Our defense and advanced technologies segment revenues increased by $49.7 million due to a $52.5 million increase in product revenues, partially offset by a $2.7 million decrease in service revenues. The increase in segment product revenues was primarily driven by a $20.9 million increase in tactical networking products (mostly related to tactical terrestrial networking products), in addition to a $17.4 million increase in information security and cyber defense and a $12.6 million increase in space and mission systems. The decrease in segment service revenues was primarily driven by a $5.9 million decrease in tactical networking services (mostly related to government satellite communication systems), partially offset by an increase of $2.6 million in advanced technologies and other and an increase of $2.3 million in space and mission systems.

52

Segment operating profit (loss) 

    Three Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Segment operating profit (loss)
     
    $
    42.7

    $
    11.8

    $
    31.0

    264
    %

    Percentage of segment revenues

    14
    %

    5
    %

The increase in our defense and advanced technologies segment operating profit was primarily due to higher earnings contributions of $31.2 million, primarily driven by increased revenues and improved margins in tactical networking products (mostly related to tactical terrestrial networking products) with a higher mix of our product revenues associated with our royalty and licensing agreements versus hardware and other product related revenues, and lower SG&A expenses of $2.0 million (mostly related to selling, and bid and proposal costs), partially offset by higher IR&D expenses of $2.3 million (primarily related to other advanced technologies).

Nine Months Ended December 31, 2024 vs. Nine Months Ended December 31, 2023 

Revenues 

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December