Viasat Q3 net loss $42M, closes $1.96B TDL sale; ViaSat-3 launch set for Apr 8

VIASAT INC

2023-Q3 EPS reported -$1.48 revenue$1,890,059,000

Q3 FY2023 revenue $714M (slightly down YoY); net loss $42M vs $6.6M loss in prior year.
Adjusted EBITDA $139M, down 15% YoY; continuing ops Adj. EBITDA $122M, down 3% YoY.
Closed Link-16 TDL sale to L3Harris for $1.96B on Jan 3, resulting in ~$1.8B net cash; pro forma net leverage 2.0x.
First ViaSat-3 satellite launch scheduled for week of Apr 8, 2023; commercial service expected early summer 2023.
FY2024 guidance: Adj. EBITDA from continuing ops to grow double digits YoY; FCF positive expected spring 2025 (2Q later).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VIASAT INC reported financial results for third quarter of fiscal year 2023.

Period: third quarter of fiscal year 2023
Result: reported results

Exact text from the filing

On February 7, 2023, Viasat, Inc. released its financial results for the third quarter of fiscal year 2023 in a letter to shareholders that is available on the investor relations section of its website.

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Source: SEC EDGAR

accession 0001193125-23-026934

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