From Nasdaq: 2024-05-22 12:44:00

Viasat Inc. reported mixed fourth-quarter fiscal 2024 results, with revenues surging 73% to $1.15 billion, surpassing estimates. However, the company incurred a net loss of $100.3 million, wider than expected. For fiscal 2025, Viasat expects flat revenues and Government Systems growth. Cash reserves stand at $1.9 billion with a net debt of $5.6 billion.

The company’s product revenues increased to $337.9 million, while service revenues improved to $812 million in Q4. Revenues from Satellite Services rose to $577 million, driven by growth in commercial air IFC services. Despite revenue growth in Commercial Networks and Government Systems, the U.S. fixed broadband business faced a decline.

Viasat generated operating cash flow of $232 million in Q4 fiscal 2024, up from $50 million in the prior-year period. Cash reserves total $1.9 billion with a net debt of $5.6 billion. For fiscal 2025, management anticipates flat total revenues and low to mid-single-digit increase in Adjusted EBITDA. The company has a Zacks Rank #3 (Hold).

In terms of stock recommendations, NVIDIA Corporation (NVDA) with a Zacks Rank #2 (Buy) has a strong earnings track record. Arista Networks, Inc. (ANET) with a Zacks Rank #1 (Strong Buy) is expected to benefit from its momentum and diversification. Silicon Motion Technology Corporation (SIMO) also with a Zacks Rank #1 has a consistent earnings surprise track record.



Read more at Nasdaq: Viasat (VSAT) Q4 Loss Wider Than Expected, Top Line Up Y/Y