Viasat Reports Record Revenue in Q1 2022 With COVID Recovery satellitetoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from satellitetoday.com Daily Mail and Mail on Sunday newspapers.
Viasat headquarters in Carlsbad, California. Photo: Viasat
Viasat reported stable revenue of $2.3 billion for its 2021 fiscal year, and remains on track to launch the first ViaSat-3 satellite in early calendar year 2022.
The satellite operator released its 2021 full year results on May 25, reporting that it recently completed payload integration for the first ViaSat-3, and will soon be shipping the payload to
Boeing for spacecraft integration and testing.
Viasat’s 2021 results showed a boost in operating income and net income compared to the year prior. Operating income was $58.2 million, up from $38.4 million in fiscal year 2020. Net income was $3.7 million, up from $200,000 in fiscal year 2020. Revenue was flat Year-over-Year (YoY) at $2.3 billion, repeating last year’s record revenues.
Following retirement, my wife Joanne and I traveled the country in an RV from Idaho down to Arizona, through Texas and over to Florida. During this adventure, we got to experience the major variations in water availability and storage across the country. In the east, we saw the abundance of fresh water and shallow depth to available groundwater, and in the west, we saw the depletion of Lake Mead and the increasing depth to groundwater supplies as growth and overuse explodes.
R.B. Provencher
In Florida, Joanne and I took the opportunity to tour the Cape Coral brackish water desalination facility. In Florida, not too far below the surface, there are large quantities of brackish water, which is a mixture of fresh and seawater. Desalination of brackish water is not as much of a heavy lift as for seawater since the salt concentrations are much lower. It was great to see a community like Cape Coral not just planning ways to better manage its freshwater supplies, but actually implementing