Americas Markets - Latest Developments
Satellite operations and video delivery solutions provider EchoStar Corp. reported higher revenues for the quarter ended September 30, 2013 but higher expenses caused a drop in its net income for the period.
Satellite and wireless networking systems provider ViaSat Inc. has reported a turnaround to profit in the second quarter fiscal 2014 after recording double-digit revenue increases across all business segments and notable gains in its defense, Internet and commercial satellite equipment businesses.
ViaSat said revenue increased 25 percent compared to the same period last year to a record $353.9 million. Adjusted EBITDA also hit record levels and grew 22 percent year-over-year to US$ 54.4 million for the second quarter.
Orbcomm Inc. said on Thursday total revenues increased 22.4% year-over year to US$ 19.7 million during the third quarter ending September 30, 2013, while service revenues increased 8.3% over the prior year period to US$13.8 million.
Product sales also rose 75% to $5.9 million driven by an increase in organic sales at the company’s Japanese subsidiary and from the company’s new acquisitions. Revenues in Japan, however, were impacted by a less favorable U.S.$/Yen exchange rate this year compared to last year.
Inmarsat plc reported today a drop in its revenues for the three months ended 30 September 2013 to US$ 306.9 million compared to $325 million during the same period last year. Inmarsat Global MSS revenues, however, grew slightly by 0.5% to US$ 187.6 million during the quarter compared to US$ 186.7 million during the same period last year. But Inmarsat Solutions revenues also dropped by 8.5% to US$ 188.3 million during the quarter from US$ 205.9 million during the same quarter last year.
DirecTV increased its third quarter 2013 revenues by 6% to US$ 7.88 billion, operating profit before depreciation and amortization (OPBDA) by 15% to US$ 1.93 billion, operating profit by 15% to US$ 1.23 billion, and earnings per share by 42% to US$ 1.28 exceeding financial analysts’ expectations.
PSSI Global Services LLC (PSSI), a leader in satellite transmission and event management, has acquired New England Satellite (NES). The deal closed on November 1, 2013. Financial details of the acquisition were not revealed.
ORBCOMM Inc. a global provider of Machine-to-Machine (M2M) solutions, and Inmarsat, a provider of global mobile satellite communications services, today announced a strategic alliance to collaborate on joint product development and distribution to address the needs of the rapidly growing satellite M2M market. In addition, they will investigate opportunities for future satellite network expansion and integration.
According to Euroconsult's recently published research report, Satellites to be Built & Launched by 2022, World Market Survey , 115 satellites will be launched on average each year worldwide over the next 10 years (2013-2022). As several commercial and government constellations will be launched into low earth orbit (LEO) in the coming years, up to 140 satellites per year are expected between 2015 and 2017, decelerating to 100 units afterwards.
TeleCommunication Systems, Inc. (TCS), a leader in highly reliable and secure mobile communication technology, reported on Thursday revenue of $96 million, up 3 percent from $92.8 million in the previous quarter but down 31 percent from $140.1 million in the third quarter of 2012.
CommunicAsia2014, Asia's largest and most comprehensive business networking event for the global ICT industry returns to Marina Bay Sands Singapore from 17 to 20 June 2014. Featuring a myriad of the latest products, technologies and solutions, this trade show is hailed by industry as the most relevant platform for networking, product sourcing and knowledge gathering opportunities.
