VSAT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Our total revenues decreased by $14.5 million as a result of a $20.6 million decrease in product revenues, partially offset by a $6.1 million increase in service revenues. The decrease in product revenues was primarily driven by a $22.4 million decrease in our defense and advanced technologies segme…

• The $18.1 million decrease in interest expense for the three months ended June 30, 2026 compared to the prior year period was primarily a result of our decreased level of indebtedness compared to the prior year period, as the aggregate principal amount of our total outstanding indebtedness was $6.6 …

• For the three months ended June 30, 2026, we recorded an income tax provision of $23.1 million, resulting in an effective tax rate of negative 116%. The effective tax rate for the period differed from the U.S. statutory rate primarily due to a U.S. valuation allowance, foreign tax rate differences a…

• For the three months ended June 30, 2025, we recorded an income tax provision of $6.6 million, resulting in an effective tax rate of negative 15%. The effective tax rate for the period differed from the U.S. statutory rate primarily due to a U.S. valuation allowance and foreign tax rate differences.

• The increase in our communication services segment operating profit was primarily due to higher earnings contributions of $19.7 million, reflecting higher service revenue margins. Additionally, we experienced a decrease of $11.1 million in SG&A costs, partially offset by a $9.3 million increase in I…

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• In December 2024, we completed the divestiture of our energy services system integration business which was part of our communication services segment included in the fixed services and other business line. The energy services system integration business had minimal strategic synergies with our core…

• The purchase price for business combinations is allocated to the estimated fair values of acquired tangible and intangible assets, and assumed liabilities, where applicable. Additionally, we recognize technology, contracts and customer relationships, orbital slots and spectrum assets, trade names an…

• Our total revenues increased by $33.3 million as a result of a $19.8 million increase in product revenues and a $13.4 million increase in service revenues. The increase in product revenues was driven by a $21.4 million increase in our defense and advanced technologies segment, partially offset by a …

• The $147.9 million increase in interest income for the three months ended December 31, 2025 compared to the prior year period was primarily due to $152.5 million recognized as interest income from the receipt of the $420.0 million lump sum payment from Ligado during the current year period. See Note…

• The $7.0 million decrease in interest expense for the three months ended December 31, 2025 compared to the prior year period was primarily due to our decreased level of indebtedness compared to the prior year period, as the aggregate principal amount of our total outstanding indebtedness was $6.4 bi…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• During the three months ended June 30, 2026, no director or officer, as defined in Rule 16a-1(f), adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non R…

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• On November 25, 2025, Craig Miller, our President of Government, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 62,288 shares of our common stock (including up to 45,430 shares to be acquired upon the e…

• On December 11, 2025, Ben Palmer, our President of Commercial, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 27,430 shares of our common stock if certain price thresholds are met from March 12, 2026 un…

• On December 15, 2025, Robert Blair, our General Counsel and Secretary, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for the sale of up to 3,929 shares of our common stock if certain price thresholds are met from March 16, …