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 ...

Group 1 - The core viewpoint of the article highlights that Beijing Penghu Wuyu Technology Development Co., Ltd. has recently completed nearly 100 million RMB in Series A financing led by Wuxi Liangxi Science and Technology Industry Mother Fund and Wuxi Liangxi Aerospace Venture Capital Fund [2] - Penghu Wuyu, established in September 2021, focuses on non-terrestrial network (NTN) communication technology in next-generation communication systems, providing cost-effective integrated network solutions globally through its self-developed 5G NTN satellite IoT communication protocol [3] - The company has applied for over 60 invention patents and has achieved large-scale deployment in 15 countries overseas, showcasing its technological advancements and market reach [3] Group 2 - The funds from this round of financing will primarily be used for the research and development of satellite IoT systems, including enhancements in system sensitivity, maximum transmission rates, and multi-user access capacity [4] - The company aims to advance the research of high-low orbit integration and star-ground integration technologies, while developing industry application terminals and cloud platforms for sectors such as industrial IoT, asset monitoring, environmental monitoring, and emergency rescue [4] Group 3 - The investment in Penghu Wuyu is based on its leading position and strong technical capabilities in the 5G NTN technology field, with significant achievements in technology research and large-scale applications in overseas markets, indicating substantial market potential [5] - The team behind Penghu Wuyu is noted for its strong execution and innovation capabilities, making it a highly valuable investment in the sector [5] Group 4 - This investment event reflects the current venture capital ecosystem's high attention to cutting-edge technology fields, supported by government policies promoting the development of commercial aerospace and satellite communication technologies [6] - The investment in Penghu Wuyu not only recognizes its technical strength but also demonstrates confidence in its future market potential, serving as an inspiration for other entrepreneurs to explore innovative paths in emerging sectors [6]

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 ...

Financial Data and Key Metrics Changes - Q1 2025 revenues reached $92 million, a 21% increase year over year from $76.1 million in Q1 2024 [7][26] - Adjusted EBITDA for Q1 2025 was $7.6 million, with an organic adjusted EBITDA of $11.2 million, representing a 20% year over year increase [7][31] - GAAP net loss in Q1 2025 was $6 million, or a loss per share of $0.10, compared to a net income of $5 million, or $0.09 per share in Q1 2024 [30] Business Line Data and Key Metrics Changes - Commercial segment revenues in Q1 2025 were $64.2 million, a 56% increase from $41.2 million in Q1 2024, primarily due to the acquisition of Stellar Blue [26] - Defense segment revenues increased by 34% to $23 million in Q1 2025 from $17.2 million in Q1 2024, driven by high deliveries to U.S. and Asia defense customers [27] - Peru segment revenues decreased to $4.8 million in Q1 2025 from $17.7 million in Q1 2024, attributed to delays in project renewals and slower progress on existing projects [27][28] Market Data and Key Metrics Changes - Demand for Gilat Defense solutions is increasing, particularly in North America, Europe, and Asia Pacific, with a notable rise in European defense budgets [12][11] - The company secured multiple contracts in Q1 2025, including over $5 million for U.S. DoD connectivity and $23 million for satellite transportable terminals [13][14] Company Strategy and Development Direction - The company is focusing on its newly aligned organizational structure, emphasizing growth in defense, VHTS, and NGSO constellations, as well as in-flight connectivity [6][10] - Gilat plans to increase investment in R&D and sales for its defense segment in 2025, launching several new products to enhance its market position [15][19] - The company aims to leverage its diverse product portfolio to support the growing demand for mission-critical defense connectivity and satellite communications [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by global economic uncertainty and shifting trade policies but expressed confidence in the company's proactive adjustments to sourcing and production [9][10] - The company reiterated its 2025 revenue guidance of $415 million to $455 million, representing a year-over-year growth of 42% at the midpoint [33] Other Important Information - The acquisition of Stellar Blue was completed on January 6, 2025, contributing approximately $25 million to Q1 revenues but also incurring an adjusted EBITDA loss of $3.6 million [7][26] - The company secured a $100 million credit line to finance the acquisition, utilizing $60 million for this purpose [32] Q&A Session Summary Question: Is the defense business expected to benefit from increases in European defense spending? - Management indicated that there is significant traction from increased European defense budgets, with expectations for decent business growth in the mid-term [37] Question: What milestones need to be achieved for the Boeing line fit program? - Management stated that adaptations to the terminal are ongoing, with certification expected within the next two to three quarters [38] Question: How should revenue linearity in Peru be viewed over the next few quarters? - Management expects a revenue run rate of $45 million to $50 million for Peru, with significant revenue anticipated in Q2 and Q3 due to project renewals and hardware deliveries [39][40] Question: How is the integration of Stellar Blue progressing? - Management reported good progress, with strong market acceptance and feedback, and expects to meet revenue goals for Stellar Blue [46][49] Question: What is the anticipated production rate for Sidewinder by the end of the year? - Management expects to reach a production rate of about 100 units per month by the end of the year [56] Question: What is the impact of tariffs on the business? - Management noted that the effect of tariffs is currently not significant, as proactive sourcing adjustments have been made [101][102]

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQ:SATS) on behalf of EchoStar stockholders. Our investigation concerns whether EchoStar has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On May 12, 2025, The Wall Street Journal reported that the Federa ...