secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001193125-24-143911
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat Q4 revenue $1.2B (+73% YoY); FY net loss $1.058B; Adj. EBITDA $358M; guides to FCF positive by Q1 FY2026
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- Q4 FY2024 revenue $1.15B (+73% YoY); net loss $90M vs $62M loss a year ago, driven by higher interest expense.
- FY2024 net loss from continuing ops $1.058B, including ~$905M write-down on VS3-F1, Inmarsat-6 F2 and VS4.
- FY2024 Adjusted EBITDA $1.4B (+181% YoY); Combined revenue ex-litigation catch-up grew 9%, Combined Adj. EBITDA grew 6%.
- Commercial in-service for VS3-F1 expected Q1 FY2025; VS3-F2 by late CY2025; VS3-F3 mid-to-late CY2025.
- Received ~65% of anticipated $770M insurance claims; net leverage 3.6x; available liquidity $3.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312524143911/0001193125-24-143911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312524143911/d825996d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-143911

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