secwatch.observer — SEC 8-K summary
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Issuer:     VIASAT INC (VSAT)
CIK:        0000797721
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001193125-24-252046
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viasat Q2 FY2025 revenue $1.1B, net loss $138M, record awards $1.3B; maintains FY outlook
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- Revenue $1.1B (-8% YoY); net loss $138M vs -$767M prior year (prior year included satellite impairment).
- Adjusted EBITDA $375M (-23% YoY); excluding litigation settlement and EBI adjustment, down 2%.
- Record quarterly awards $1.3B (+25% YoY); Defense and Advanced Technologies awards doubled to $510M.
- Hired Gary Chase as CFO; completed refinancing of ~$2B secured notes originally due 2026.
- FY2025 outlook maintained: flat to slightly up revenue growth ex-$95M litigation settlement benefit in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797721/000119312524252046/0001193125-24-252046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797721/000119312524252046/d903060d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-252046

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