secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001193125-23-026934
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523026934/0001193125-23-026934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523026934/d418371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-026934

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer