Viasat will perform network upgrades at Navy and joint base facilities to improve internet connectivity and enhance daily experiences for Sailors and their families CARLSBAD, Calif., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications (SATCOM) and communication services, today announced a five-year contract extension with the Navy Exchange Service Command (NEXCOM) Telecommunications Program Office. Under this contract extension within the company’s Defe ...

Financial Performance - Ribbon Communications' Q3 2025 revenue reached $215 million, a 2% year-over-year increase[15] - The company's gross margin for Q3 2025 was 53%[15] - Adjusted EBITDA for Q3 2025 was $29 million, a 3% decrease year-over-year[15] - The adjusted EBITDA margin for Q3 2025 was 13%, down 80 basis points year-over-year[15] - For the year-to-date 2025, revenue was $617 million, a 6% increase year-over-year[15] - Year-to-date adjusted EBITDA was $67 million, a 5% increase year-over-year, with an 11% margin[15] Segment Performance - IP Optical Networks revenue was $91 million in Q3 2025, an 11% increase year-over-year[22] - Cloud & Edge revenue was $124 million in Q3 2025, a 3% decrease year-over-year[27] Outlook - The company projects revenue between $230 million and $250 million for Q4 2025[49] - The company projects revenue between $847 million and $867 million for the full year 2025[49]

Financial Data and Key Metrics Changes - The company is experiencing a turnaround with a strong first quarter performance and anticipates a point of inflection on EBITDA this year, indicating improved financial health [20][21][82] - The deal with AT&T is expected to reduce leverage below four and potentially closer to three, which may lead to improved credit ratings and refinancing opportunities [81][82] Business Line Data and Key Metrics Changes - The focus on fiber assets is central to the company's strategy, with a significant emphasis on enterprise EBITDA generation from the existing network footprint [4][5] - The company is consolidating its networks into one, aiming to sell all future services on a single network by the end of the year, which is expected to enhance scalability and customer service [32][35] Market Data and Key Metrics Changes - The company has a significant opportunity in the rural markets where fiber is unlikely to be built, maintaining confidence in the long-term viability of its copper business [9][10] - The competitive landscape is shifting, with AT&T's expansion plans potentially impacting market dynamics, but the company believes it can maintain its customer base in rural areas [6][8] Company Strategy and Development Direction - The company is focused on digitizing its services and modernizing its infrastructure to reduce costs and improve service delivery, which is expected to drive future growth [5][36] - The strategy includes leveraging AI and cloud services to enhance operational efficiency and customer offerings, with a strong emphasis on reducing latency for enterprise customers [44][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the importance of innovation in the telecom space and the need for improved network capabilities to meet customer demands [61][66] - The company is actively working on integrating AI into its operations to improve efficiency and customer service, with plans to update its ERP systems [45][46] Other Important Information - The company has a billion-dollar cost savings initiative expected to be realized by the end of 2027, which is on track and may even exceed initial expectations [22][25] - The company is not planning to securitize its PCF wins as it already has sufficient cash flow from its operations [79] Q&A Session Summary Question: How does the AT&T deal impact your business? - The deal allows the company to retain valuable wire centers and generate enterprise EBITDA while focusing on fiber as the core asset for future growth [4][6] Question: What is the timeline for your cost savings initiative? - The initiative is progressing well, with expectations to achieve the billion-dollar target by the end of 2027, potentially even sooner [22][25] Question: How is the company addressing the competitive landscape? - The company is focusing on providing innovative solutions that reduce latency and improve service delivery, positioning itself as a leader in the market [61][66] Question: What are the expectations for revenue growth? - Revenue inflection is anticipated in late 2028 to early 2029, driven by the ramp-up of new services and the transition from legacy products [37][39] Question: How is the company leveraging AI internally? - The company is aggressively integrating AI into its operations to enhance efficiency, particularly in finance and customer service processes [44][45]