.August 13, 2024
09:41:56 AM

Viasat, Inc. (NASDAQ:VSAT) reported a significant improvement in financial performance during the Q1 2025 earnings conference call. The company saw a decrease in net loss to $32.9 million and a revenue surge to $1.13 billion, a 44% increase, exceeding expectations.

The strategic restructuring into Communication Services and Defense and Advanced Technologies segments led to substantial revenue growth in both segments. The Communication Services segment saw revenues jump to $826.8 million, while the Defense and Advanced Technologies segment’s revenues increased to $299.7 million.

Viasat’s strong financial health is evident with an operating profit of $59.7 million, adjusted EBITDA of $403.9 million, and operating cash flow of $151 million. The company’s $1.81 billion in cash and cash equivalents positions it well for future growth opportunities.