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].

CARLSBAD, Calif., Nov. 6, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its second quarter fiscal year 2025 financial results in a letter to shareholders, which, along with webcast slides, is now posted to the Investor Relations section of Viasat's website.As previously announced, Viasat will host a conference call today, Wednesday, November 6, 2024 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference are  ...

ViaSat Inc VSAT shares are sitting on the sidelines Wednesday while the broader market rallies. The muted price action may be partly due to The Bear Cave’s latest short report.What To Know: Short-selling firm The Bear Cave has published a new report suggesting Elon Musk’s SpaceX is eating ViaSat’s lunch.“The Bear Cave believes new competition led by SpaceX's Starlink is stealing share from Viasat's key markets and will continue to grow at Viasat's expense,” the short seller said. Benzinga has reached out to ...

Viasat's multi-band, multi-orbit, multi-network terminals will be integrated into Embraer C-390 Millennium aircraftCARLSBAD, Calif., Oct. 31, 2024 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications (SATCOM), and Embraer (NYSE: ERJ; B3: EMBR3), a global leader in the aerospace industry, today announced their collaboration to enable advanced hybrid satellite communications capabilities on the Embraer C-390 Millennium military aircraft. Viasat will deliver its Hybrid SATCOM ...

CARLSBAD, Calif., Oct. 30, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it will release its second quarter fiscal year 2025 financial results on Wednesday, November 6, 2024 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Wednesday, November 6, 2024 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. To participate on the ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

The companies have successfully showcased direct-to-device smartphone connectivity during this week's India Mobile Congress in New Delhi. NEW DELHI, Oct. 14, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it has successfully demonstrated direct-to-device satellite connectivity in India for the first time. Viasat's I-6 F1 satellite, currently stationed above the Asia Pacific region.Viasat's I-6 F1 satellite, currently stationed above the Asia Pa ...

Viasat is now delivering service to the U.S. Marine Corps through the ViaSat-3 network CARLSBAD, Calif., Oct. 10, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that it is now delivering ViaSat-3 F1 (VS3 F1) service to the U.S. Marine Corps, marking the first use of the ViaSat-3 network by a government customer. This follows the VS3 F1 satellite recently beginning to deliver services for commercial airline customers operating over North America ...

Jet ConneX customers will be the first to benefit from the ground-breaking JetXP enhancement program, which delivers a truly seamless experience and supports the market's shift away from empty speed promises CARLSBAD, Calif., Oct. 9, 2024 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today unveiled a variety of ground-breaking enhancements to its satellite network and service model that will raise the bar for business aviation in-flight connectivity. Viasat's Jet C ...

Viasat, Inc. (VSAT) recently announced that it has joined forces with Europe-based cybersecurity start-up CYSEC to advance satellite encryption services. CYSEC has opted to join VSAT's ELEVATE program, a platform that allows enterprises of any size with innovative digital solutions to scale their business using VSAT's robust network and extensive footprint. The program offers access to a diverse ecosystem of partners, which includes IoT solution providers, connectivity wholesalers, enablers and original equ ...