Viasat, Inc. (VSAT) recently announced that it has collaborated with non-terrestrial network (NTN) provider Skylo to demonstrate direct-to-device (D2D) satellite connectivity in the Kingdom of Saudi Arabia. This was the first instance of a D2D trial conducted in the Middle Eastern country.Using commercial NTN-enabled Android smartphones, VSAT and Skylo showcased the ability to send satellite-enabled two-way messages and SoS communications. During the trial, 3GPP standards-compliant NTN service infrastructur ...

United States Representative Debbie Wasserman Schultz has acquired a stake in ViaSat (NASDAQ: VSAT), a company known for producing military communications equipment.This purchase comes at a peculiar moment, with accelerated chatter about the possibility of World War Three stemming from the ongoing conflict between Russia and Ukraine. Currently, markets have yet to show significant movement in response to escalating geopolitical tensions. Schultz’s transaction, valued between $1,001 and $15,000, occurred on ...

CARLSBAD, Calif., Nov. 13, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that its President of Global Space Networks, Craig Miller, will be participating in the Deutsche Bank Global Space Summit, which will be hosted in New York, New York on Wednesday November 20, 2024 at 3 p.m. ET. Miller, who previously led the Viasat Government Systems business, will participate in the in-person summit on a defense technology panel alongside commercial and ...

MEXICO CITY, Nov. 13, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global communications company, today announced the launch of its innovative home and mobile broadband service in Mexico. Viasat, in collaboration with Altán, the Mexican telecommunications wholesaler, will integrate Viasat's satellite and wireless LTE technologies with Altán's shared mobile network and provide cellular coverage for consumers in previously uncovered areas across Mexico. Viasat's service is available today in 13 states ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number (000-21767) VIASAT, INC. (Exact name of registrant as specified in its charter) Delaware 33-0174996 (State or other jurisdict ...

Viasat Inc. (VSAT) reported mixed second-quarter fiscal 2025 results, with the top line surpassing the Zacks Consensus Estimate but the bottom line missing the same. The company’s top line marginally declined, owing to weakness in space and mission systems, maritime and advanced technologies and other verticals.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Growth in aviation and government satcom verticals supported the top line during the quarter.VSAT’s Net IncomeThe company incu ...

Q2 FY2025 Earnings Results November 6, 2024 Forward-looking statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements regarding projections of earnings, revenue, Adjusted EBITDA, net leverage, free cash flow, capital expenditures, investments, costs, expected cost savings and s ...

Viasat, Inc. (NASDAQ:VSAT) Q2 2025 Earnings Call November 6, 2024 5:30 PM ET Company Participants Lisa Curran - Vice President, Investor Relations Mark Dankberg - Chairman and Chief Financial Officer Guru Gowrappan - President Gary Chase - Chief Financial Officer Shawn Duffy - Chief Accounting Officer Conference Call Participants Edison Yu - Deutsche Bank Ric Prentiss - Raymond James Sebastiano Petti - JPMorgan Simon Flannery - Morgan Stanley Mike Crawford - B. Riley Securities Chris Quilty - Quilty Space R ...

ViaSat (VSAT) came out with a quarterly loss of $1.07 per share versus the Zacks Consensus Estimate of a loss of $0.56. This compares to loss of $6.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -91.07%. A quarter ago, it was expected that this provider of satellite and wireless networking technology would post a loss of $0.42 per share when it actually produced a loss of $0.26, delivering a surprise of 38.10%.Over the las ...

Financial Performance - Q2 FY2025 revenue was $1.1 billion, a decrease of 8% YoY, with a 1% decrease when excluding a non-recurring litigation settlement contribution[9]. - Net loss for Q2 FY2025 improved to $138 million from a net loss of $767 million in Q2 FY2024, primarily due to prior year impairment charges[9]. - Adjusted EBITDA for Q2 FY2025 was $375 million, a decrease of 23% YoY, with a 2% decrease when excluding non-recurring items[9]. - Viasat reported Q2 FY25 revenues of $1,122.3 million, an 8% decrease from $1,225.4 million in Q2 FY24[55]. - Net loss for Q2 FY25 was $137.6 million, an 82% improvement compared to a net loss of $767.2 million in Q2 FY24[55]. - Adjusted EBITDA for Q2 FY25 was $375.0 million, down 23% from $486.3 million in Q2 FY24[55]. - Non-GAAP net loss for Q2 FY25 was $29.4 million, compared to a non-GAAP net income of $149.7 million in Q2 FY24[58]. - For the three months ended September 30, 2024, GAAP net loss attributable to Viasat, Inc. was $137.58 million, compared to a net loss of $767.24 million for the same period in 2023[59]. - Adjusted EBITDA for the three months ended September 30, 2024, was $374.97 million, down from $486.29 million in the prior year[59]. Revenue Segments - Communication Services revenue decreased 2% YoY to $826 million, with service revenue increases in aviation and government satcom offset by declines in FS&O and maritime services[17]. - Defense and Advanced Technologies revenue was $296 million, a 22% decrease YoY, but grew 4% YoY when excluding litigation settlement contributions[26]. - Communication Services segment revenues decreased by 2% to $826.4 million in Q2 FY25 from $846.6 million in Q2 FY24[56]. - The Communication Services Segment reported an operating profit of $41.47 million for the six months ended September 30, 2024, compared to a loss of $841.13 million for the same period in 2023[61]. - The Defense and Advanced Technologies Segment generated an operating profit of $125.82 million for the six months ended September 30, 2024, compared to $348.45 million in the prior year[61]. Contract Awards and Backlog - Record new contract awards in Q2 FY2025 reached $1.3 billion, an increase of 25% YoY, with Defense and Advanced Technologies segment awards more than doubling to $510 million[10][25]. - New contract awards in Q2 FY25 totaled $1,275.2 million, a 25% increase from $1,019.3 million in Q2 FY24[55]. - Backlog for Defense and Advanced Technologies increased 19% YoY to $921 million, with a book-to-bill ratio of 1.7[25]. - The backlog at the end of Q2 FY25 was $3,746.9 million, a 3% increase from $3,644.2 million in Q2 FY24[55]. Cash Flow and Capital Expenditures - Viasat generated $239 million in operating cash flow during Q2 FY2025, an increase of $20 million YoY and $88 million sequentially[34]. - Capital expenditures for Q2 FY2025 declined 37% YoY to $229 million, marking the fourth consecutive quarter of decline[35]. - Capital expenditures for FY2025 are expected to range from $1.3 billion to $1.4 billion, including approximately $400 million for Inmarsat-related expenditures[44]. Debt and Financial Outlook - Net debt decreased to $5.53 billion, with a net leverage ratio of 3.6x LTM Adjusted EBITDA[37]. - For FY2025, Viasat expects flat to slightly up YoY revenue growth, excluding one-time benefits from a litigation settlement[39]. - Communication Services combined revenue is projected to decline low-single digits in FY2025 compared to FY2024[40]. - DAT YoY revenue growth in FY2025 is expected to increase in the mid-teens, supported by a backlog of over $900 million[41]. - Viasat anticipates mid-single-digit YoY Adjusted EBITDA growth for FY2025, off a reference base of $1.5 billion from FY2024[42]. Product Initiatives and Contracts - New product initiatives include the launch of Enhanced LAISR for global communications and the introduction of the Multi-Mission Orchestrator for satellite constellation management[15][24]. - Space and Mission Systems secured a $33.6 million contract from the U.S. Air Force Research Laboratory for developing Active Electronically Scanned Array systems[28]. Asset and Liability Overview - Total assets as of September 30, 2024, amounted to $17.75 billion, an increase from $16.33 billion as of March 31, 2024[62]. - Cash and cash equivalents increased to $3.53 billion as of September 30, 2024, compared to $1.90 billion as of March 31, 2024[62]. - The company reported a total current liability of $3.52 billion as of September 30, 2024, compared to $1.30 billion as of March 31, 2024[62].