VIASAT INC Reports Fourth Quarter FY2023 Earnings Results on March 31, 2023
May 27, 2023
Earnings Overview
On March 31, 2023, VIASAT INC ($BER:VS1) reported financial results for the fourth quarter of FY2023, which ended that day. The company’s total revenue for the quarter was USD 666.1 million, an decrease of 5.1% compared to the previous year. Net income for the quarter improved significantly from a year ago, coming in at USD 1196.8 million compared to -29.2 million in the prior year.
Price History
The stock opened at €34.0 and closed at €34.0, a slight dip of 0.6% from the prior closing price of 34.2. Overall, it was a strong quarter for VIASAT INC., which has continued to deliver exceptional performance and impressive customer growth despite the challenging economic climate. The company is confident that these results lay a strong foundation for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.56k | 1.08k | -8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat Inc. More…
| Operations | Investing | Financing |
| 436.88 | -1.13k | 643.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.73k | 3.87k | 33.9 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 1.8% | -6.1% |
| FCF Margin | ROE | ROA |
| -27.1% | -3.0% | -1.3% |
Analysis
At GoodWhale, we recently performed an analysis of VIASAT INC‘s fundamentals. Based on our Star Chart, VIASAT INC had an intermediate health score of 4/10 with regard to its cashflows and debt; in other words, we concluded that the company might be able to sustain future operations even in times of crisis. Additionally, we found that VIASAT INC exhibited strength in growth, medium performance in asset, profits and dividends, and was ultimately classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this information, investors who value companies that have achieved a positive balance between growth and stability may be interested in VIASAT INC. This includes investors who are looking for a company that has a good potential for future growth, but is not too risky. Such investors may also be encouraged by the fact that the company is relatively robust in terms of cashflows and debt, which could help it weather any future economic storms. More…
Summary
VIASAT Inc. has been performing well in terms of its financials for the fourth quarter of FY2023, as evidenced by a 5.1% decrease in total revenue from the same period a year ago, and a significant improvement from a net loss of -29.2 million to a net income of USD 1196.8 million. Investors are encouraged to keep an eye on the company’s performance as it has the potential to be an attractive investment opportunity. Analysts are expecting the company’s revenue and net income to continue to improve, providing potential investors with higher returns through future dividends and stock appreciation.
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