Core Insights - Inmarsat Maritime, a subsidiary of Viasat, has partnered with Mitsui O.S.K. Lines to upgrade its fleet communication system to the NexusWave solution, enhancing operational efficiency and crew connectivity [1][3][7] - The NexusWave service integrates multiple connectivity solutions, providing seamless, high-speed Internet access globally, which is crucial for modern maritime operations [2][4] - The upgrade aims to transform vessels into operational command centers and living spaces, supporting crew welfare and operational needs [3][4] Company Developments - The NexusWave service features a fully managed bonded connectivity service that combines Inmarsat's Global Xpress Ka-band, low-Earth orbit satellite services, and coastal LTE networks, ensuring high reliability and speed [2][5] - Real-world trials of NexusWave have shown download speeds of 330–340 Mbps and upload speeds of 70–80 Mbps, with network availability exceeding 99.9% [5] - The upcoming integration of the ViaSat-3 Ka-band service, expected to launch in 2025, will further enhance NexusWave's capacity and speed [6] Market Context - The collaboration with MOL reflects the growing demand for advanced bonded connectivity systems in the maritime industry, simplifying fleet management and enhancing service reliability [7] - Viasat's stock has experienced a decline of 31.9% over the past year, contrasting with the industry's growth of 41.1% [8]

Core Points - Inmarsat Maritime has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade their fleet from Fleet Xpress to Inmarsat's NexusWave, enhancing digitalisation and connectivity for MOL's vessels [1][3] - The NexusWave service provides multi-layered satellite communications, delivering high speeds, reliability, unlimited data, and global coverage, which are essential for transforming vessels into floating offices and homes [2][3] - Recent tests of NexusWave showed download speeds of 330–340 Mbps and upload speeds of 70–80 Mbps, with network availability exceeding 99.9% [3] Company Overview - Inmarsat Maritime, a Viasat company, has over 40 years of experience in providing reliable and innovative maritime solutions, enabling ship owners to enhance operational efficiency and crew welfare [4] - Mitsui O.S.K. Lines, Ltd. (MOL) is one of the world's largest shipping companies with a fleet of over 900 vessels, offering diverse maritime transportation services and developing social infrastructure businesses [7][8] - JSAT MOBILE Communications is a joint venture that provides maritime satellite communication services, supporting safe and efficient maritime operations and contributing to the digital transformation of the industry [9]

JP Morgan analyst Sebastiano C Petti expressed views on EchoStar Corporation SATS earnings reported on May 9.The company reported a loss of 71 cents per share, missing the analyst consensus estimate of 69 cents loss and sales of $3.87 billion, in line with the Street view.The analyst notes that, during the earnings call, CEO Hamid Akhavan reiterated the company’s ambition to establish itself as a “leading provider of global direct-to-device connectivity,” leveraging its international S-band spectrum and dom ...

Viasat (VSAT) Q4 2025 Earnings Call May 20, 2025 05:30 PM ET Company Participants Lisa Curran - SVP - Strategic Finance & IRMark Dankberg - CO-Founder, Chairman & CEOGary Chase - CFORic Prentiss - Managing DirectorColin Canfield - DirectorJustin Lang - VP - Aerospace & Defense Equity Research Conference Call Participants Sebastiano Petti - Senior Research AnalystEdison Yu - AnalystNone - AnalystLouie Dipalma - Research Analyst Operator Please standby, your program is about to begin. My name is Franz, and I ...

Financial Data and Key Metrics Changes - In Q4, the company reported revenue of $1.15 billion, GAAP net income of $246 million, and adjusted EBITDA of $375 million, reflecting a 32.7% adjusted EBITDA margin [19] - For fiscal year 2025, total revenue was $4.5 billion, with a GAAP net loss of $575 million and adjusted EBITDA of $1.55 billion, representing a 34.2% adjusted EBITDA margin, which grew 4% year-over-year [23][24] - The company generated over $900 million in operating cash flow, marking more than 30% growth from fiscal year 2024 [28] Business Line Data and Key Metrics Changes - Communications services revenue declined by 4%, primarily due to a drop in fixed services, while government SATCOM and aviation service revenue showed strength [20][21] - The commercial aviation business grew, with service aircraft increasing by 10% to 4,030, and backlog up 18% to 1,600 [20] - Government SATCOM revenue increased by 16%, while maritime revenue decreased by 8% as expected [21] Market Data and Key Metrics Changes - The company is experiencing challenges in U.S. fixed broadband revenue due to capacity constraints, with fixed services and other revenue down 19% year-over-year [22] - The DAT business saw revenue growth of 11% for the quarter and 17% for the year, including a one-time revenue impact of $95 million from a legal settlement [22] Company Strategy and Development Direction - The company aims to reduce capital and operating costs for mobile satellite services and enhance government maritime and aeronautical safety services [9] - A focus on integrating ViaSat-three satellites into the global network is expected to improve user experience and network efficiency [6] - The company is pursuing a strategic review of its Defense and Advanced Technology segment to enhance value and competitiveness [44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sustained free cash flow generation by the second half of fiscal year 2026, despite facing macroeconomic headwinds [27] - The company anticipates modest revenue growth in fiscal year 2026, with flattish adjusted EBITDA expected to be within 1% of the previous year [24][25] - Management highlighted the importance of launching flights two and three of the ViaSat-three constellation to support future growth [27] Other Important Information - The company is actively addressing its debt structure, with plans to use available cash to redeem near-term maturities and leverage momentum for long-term debt management [35] - The company has a healthy backlog and is focused on capital efficiency to reduce capital intensity in its business model [28] Q&A Session Summary Question: Update on the strategic review process for the Defense and Advanced Technology segment - The strategic review is ongoing, with the business performing well and evaluations of future cash flows being conducted [43] Question: Confidence in the satellite launch schedule for Flight 2 - Management is optimistic about the schedule, with corrective actions nearing completion and the satellite expected to be delivered to the launch site this summer [45] Question: Timeline and magnitude regarding Legato litigation - The company is owed over $500 million, and while specifics are difficult to disclose, the public record provides insights into the ongoing litigation [52] Question: Competitive landscape for in-flight connectivity solutions - The company emphasizes performance metrics for both narrow and wide-body aircraft, asserting that their service meets customer expectations [60] Question: Long-term vision for the company - The focus is on growth, with an emphasis on delivering high-quality service and maintaining competitive pricing in mobility markets [66]

Q4 FY2025 Earnings Results May 20, 2025 40+ years Enduring value 76 Countries around the world $4.5B FY25 Revenue 23 Operational satellites in space ~7K Global employees 8 Satellites under development Continuing to serve customers who rely on our services while innovating new generations of technology Global team working closely with our customers and partners Greater capacity and seamless connectivity solutions High-capacity network that delivers a consistent, high-quality connectivity experience on land, ...

CARLSBAD, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its fourth quarter and 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, Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference a ...

Core Insights - NextPlat Corp has announced that its subsidiary, Global Telesat Communications Ltd, is the exclusive distributor for ZOLEO Inc in the UK and European Economic Area, enhancing its satellite communication offerings [1][3]. Group 1: Company Overview - NextPlat Corp is a global e-commerce provider focused on high-growth sectors, including technology and healthcare, and aims to assist businesses in optimizing their online sales [5]. - Global Telesat Communications Ltd has established a strong reputation as a premier partner for connectivity manufacturers and service providers in the UK and Europe [4]. Group 2: Product Details - ZOLEO's flagship product is a global satellite communicator that extends smartphone messaging coverage using the Iridium satellite network, cellular, and Wi-Fi, making it valuable for outdoor enthusiasts and remote workers [2][6]. - The ZOLEO communicator has received several industry accolades, including the Outdoor Retailer Innovation Award "Product of the Year," highlighting its market recognition [2]. Group 3: Market Positioning - The partnership with ZOLEO allows GTC to complement its growing portfolio of satellite connectivity products, which are sold globally through e-commerce and Amazon storefronts [2][3]. - ZOLEO Inc specializes in global messaging solutions that ensure connectivity beyond traditional mobile coverage, targeting consumers on the fringe of mobile coverage, outdoor recreation users, and field workers [6].

Amid this flurry of data, you might have missed what can be described as the most important of all data releases: Form 13F filings. A 13F provides a snapshot of which stocks and exchange-traded funds (ETFs) institutional investors with at least $100 million in assets under management purchased and sold in the most recent quarter. May 15 was the filing deadline to report trading activity for the first quarter of 2025. There's been a decisive changing of the guard in Alphabet's $1.58 billion investment portfo ...

Gilat Satellite Networks (GILT) Q1 2025 Earnings Call May 19, 2025 09:00 AM ET Company Participants Alex Villalta - Vice PresidentAdi Sfadia - Chief Executive OfficerGil Benyamini - Chief Financial OfficerSergei Kalenikov - Asset ManagementChris Quilty - Co-CEO & PresidentOmri Efroni - Investment ResearchGunther Karger - Hedge Fund Manager Conference Call Participants Louie Dipalma - Research AnalystRyan Koontz - Senior Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Fir ...