secwatch.observer — SEC 8-K summary
======================================

Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001193125-23-273512
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat Q2 FY24 rev $1.2B (+85% YoY), net loss $767M on $900M satellite impairment; guides FY24 rev $4.1-4.25B
--------------------------------------------------------------------------------

- Net loss $767M, driven by $900M net impairment charge on ViaSat-3 F1, Inmarsat-6 F2, and ViaSat-4 write-downs.
- Adjusted EBITDA $486M (+210% YoY); revenue $1.2B (+85% YoY) including full quarter of Inmarsat ($427M).
- Announced workforce reduction of 800; expects $100M annualized cash savings by early FY2025.
- FY2024 guidance: revenue $4.1-4.25B; Adj. EBITDA $1.25-1.30B (excl. litigation benefit); capex to drop in FY2025.
- Net leverage 3.7x; liquidity $3.3B; free cash flow inflection point target restored to H1 CY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312523273512/0001193125-23-273512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312523273512/d930392d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-273512

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