imaginima/E+ via Getty Images After Viasat (NASDAQ:VSAT) posted first-quarter results, the stock closed up by 37.82% on the day. Last covered as a stock to buy but to wait for a pullback nearly a decade ago, will history repeat itself? VSAT stock traded at $62.87, but barely pulled back below $62. It did not break out until 2020, four years after the analysis, peaking at $94.25. After a break rebound through 2022, shares fell into a sustained downtrend. It closed at $24.49 on August 8, 2024. What did Vi ...

文章核心观点 - 公司一季度财报表现较为健康,收入超出预期 [1] - 公司收入同比大幅增长,主要得益于两个业务分部的强劲需求以及Inmarsat的收购贡献 [1][4] - 公司经营表现改善,亏损收窄至低于预期 [2][3] 收入情况 - 公司总收入同比增长44%至11.3亿美元,超出市场预期 [4] - 产品收入增长至3.06亿美元,服务收入增长至8.21亿美元 [5] - 公司重组业务分部,新设通信服务和国防及先进技术两大分部 [6][7] - 通信服务分部收入增长至8.27亿美元,主要受益于商业和商务航空业务以及Inmarsat的贡献 [8] - 国防及先进技术分部收入增长至2.99亿美元,主要受益于许可协议和战术网络产品的增长 [9] 盈利情况 - 公司实现经营利润5970万美元,上年同期为经营亏损 [10] - 调整后EBITDA增长至4.04亿美元,上年同期为1.83亿美元 [10] - 公司产生经营活动现金流1.51亿美元,上年同期为1.04亿美元 [11] - 资本支出同比下降20%至3.01亿美元,主要由于卫星支出、客户设备和基础设施成本下降 [11] 未来展望 - 2025财年总收入预计持平或略有增长,调整后EBITDA预计中个位数增长 [12] - 通信服务分部收入预计略有下降,国防及先进技术分部收入预计低个位数增长 [12][13]

ViaSat (VSAT) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.10%. A quarter ago, it was expected that this provider of satellite and wireless networking technology would post a loss of $0.60 per share when it actually produced a loss of $0.72, delivering a surprise of -20%.Over the last f ...

财务业绩 - 第一季度收入同比增长44%至11亿美元，主要由于Inmarsat的贡献[11] - 第一季度调整后EBITDA同比增长120%至4.04亿美元，主要由于Inmarsat的贡献[13] - 公司第一季度收入为11.265亿美元，同比增长44%[107] - 公司第一季度非GAAP净利润为3900万美元，而上年同期为亏损40万美元[107] - 公司第一季度调整后EBITDA为4.039亿美元，同比增长120%[107] - 公司三个月截至2024年6月30日和2023年6月30日的财务信息均为净亏损，因此用于计算基本和稀释每股净亏损的加权平均股数相同[1] - 非GAAP财务信息中三个月截至2024年6月30日的非GAAP净收益使用了稀释加权平均股数[1] - 公司三个月截至2023年6月30日的调整后合并收入为10.61亿美元[124] - 公司三个月截至2023年6月30日的调整后合并EBITDA为3.47亿美元[126] - 公司三个月截至2023年6月30日的Inmarsat调整后EBITDA为1.54亿美元[126] - 收购Inmarsat后的购买会计、IFRS到美国GAAP和其他一致性调整为1.0亿美元[126] - 公司总收入为10.61亿美元，同比增长[130] - 调整后EBITDA为3.47亿美元，其中通信服务业务3.20亿美元、国防和先进技术业务2,768万美元[130] - 调整后EBITDA扣除一次性诉讼和解金额后为3.47亿美元[130,131] - 2024财年全年收入和调整后EBITDA数据中不包含一次性诉讼和解收益9,500万美元[131] 业务表现 - 国防和先进技术分部收入同比增长37%[14][15] - 通信服务分部收入同比增长48%，主要由于Inmarsat的收购[16] - 商业和商务航空客户分别增长至3,750架和1,850架[46] - 美国固定宽带用户达到25.7万，ARPU为115美元[46] - 公司三个月截至2024年6月30日的通信服务收入为8.27亿美元，较2023年同期增长47.6%[123] - 公司三个月截至2024年6月30日的国防和先进技术收入为2.99亿美元，较2023年同期增长36.5%[123] - 通信服务业务收入为8.42亿美元，其中航空服务2.16亿美元、政府卫星通信服务1.66亿美元、海事服务1.37亿美元、固定服务和其他服务2.45亿美元[130] - 国防和先进技术业务收入为2.20亿美元，其中信息安全和网络防御产品5,668万美元、航天和任务系统产品7,239万美元、战术网络产品3,738万美元[130] 订单情况 - 第一季度获得订单12.18亿美元，同比增长45%[17] - Q1 FY2025 book to bill ratio为1.2x，在大规模商业和分类RF基础设施系统以及战术边缘和企业范围内对Type 1高保证加密解决方案的不断增长需求中保持势头[63] - 国防和先进技术Q1 FY2025订单同比增长18%至3.51亿美元，主要由于战术网络产品、天线系统解决方案以及某些许可协议的经常性贡献[64] - 通信服务业务第一季度新签合同额为8.109亿美元，同比增长60%[109] - 国防和先进技术业务第一季度新签合同额为3.507亿美元，同比增长18%[110] - 公司第一季度总新签合同额为11.616亿美元，同比增长45%[108] - 公司截至第一季度末的总在手订单为36.396亿美元，同比下降5%[108] 财务状况 - 净负债率降至约3.5倍调整后EBITDA[18] - 已收到约75%的7.7亿美元保险赔付[19] - Q1 FY2025经营活动现金流为1.51亿美元，同比增加4700万美元[74] - Q1 FY2025资本支出同比下降20%至3.01亿美元[75] - 截至Q1 FY2025末，公司可用流动性为29亿美元，净债务为56亿美元，净负债率下降至3.5倍[76] - 预计FY2025资本支出将下降至14亿-15亿美元区间[83] 成本和税收 - 成本通常包括收购、整合和处置相关成本[2] - 所得税影响是根据非GAAP调整的适用税率计算的[3] 未来展望 - 公司预计FY2025综合收入将保持持平至小幅增长，调整后EBITDA将实现中个位数增长[79][82] - Q1 FY2025国防和先进技术收入同比增长37%至3亿美元，其中产品收入增长45%[65] - Q1 FY2025国防和先进技术调整后EBITDA同比增长超过3倍至9600万美元[66]

New Viasat Capacity to Enhance Passenger Wi-Fi Services for Airlines Operating Over North America, Including Routes to HawaiiCARLSBAD, Calif., Aug. 5, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that ViaSat-3 F1 (VS3 F1) has entered commercial service and is now available for aviation customers operating over North America, including routes servicing Hawaii. This follows a period of testing and live trials, which took place during the first ...

CARLSBAD, Calif., July 31, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it will release its first quarter fiscal year 2025 financial results on Wednesday, August 7, 2024 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Wednesday, August 7, 2024 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time.To participate on the live c ...

Revolutionary Multi-Purpose Terminal Will Seamlessly Connect Government Customers Across Viasat's Global Satellite NetworksDEERFIELD BEACH, Fla., July 31, 2024 /PRNewswire/ -- Orbit Communication Systems Ltd. (TASE: ORBI), a leading provider of airborne communication solutions, announced today a milestone collaboration with Viasat Inc., a global leader in satellite communications, for the engineering and supply of advanced satellite communication (SATCOM) Multi-Purpose Terminals (MPT) for airborne platforms ...

Secure Wireless Hub is a next-generation body-worn tactical communications system for dismounted operations CARLSBAD, Calif., July 30, 2024 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced the introduction of Viasat's Secure Wireless Hub (SWH), a wearable tactical gateway solution for dismounted soldiers that is easy to carry and simple to use. The SWH solution was developed as part of a multi-phase effort with U.S. Special Operations Command (USSOCOM) ...

Viasat, Inc. (VSAT) recently restructured its operating segments to better reflect its existing businesses and offer investors greater transparency to its future growth opportunities. The company unveiled additional details about its new segment reporting structure, which will be effective from the first quarter of fiscal 2025.  The company will have two distinct segments, namely Communication Services and Defense and Advanced Technologies. The new reporting structure aims to improve the assessment of opera ...

CARLSBAD, Calif., July 25, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today outlined additional information about its new segment reporting structure commencing with the quarter ended June 30, 2024. The new segment reporting is designed to better reflect the diverse and attractive end markets the company serves and to provide investors greater insight into Viasat's business lines and growth opportunities.Commencing with its first quarter of fiscal year 202 ...