VIASAT Reports 15.0% Growth in Q1 FY2024, With Total Revenue of USD 779.8 Million
August 14, 2023
☀️Earnings Overview
For the first quarter of FY2024, ending June 30 2023, VIASAT ($NASDAQ:VSAT) reported total revenue of USD 779.8 million, representing a 15.0% increase from the same period in the prior year. Net income for this period was USD -77.0 million, an improvement from -21.6 million in the prior year.
Analysis
GoodWhale has conducted an in-depth analysis of VIASAT‘s fundamentals to provide investors with a better understanding of the potential risk associated with investing in the company. The analysis determined that VIASAT is a medium risk investment in terms of financial and business aspects. GoodWhale has identified three distinct risk warnings in the balance sheet, cash flow statement, and non-financial areas. The details of these warnings can be found on GoodWhale’s website. Investors who are interested in further assessing the potential risk associated with investing in VIASAT should register on GoodWhale.com to check out the details of these risk warnings. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. More…
| Total Revenues | Net Income | Net Margin |
| 2.76k | 1.03k | -9.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 431.89 | 269.35 | 1.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.9k | 11.92k | 47.88 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.2% | 1.8% | -3.7% |
| FCF Margin | ROE | ROA |
| -30.3% | -1.3% | -0.4% |
Peers
It has a portfolio of products and services for both commercial and government markets. The company operates in three segments: Satellite Services, Ground Networks, and Commercial Networks. Viasat Inc was founded in 1986 and is headquartered in Carlsbad, California. Wialan Technologies Inc is a provider of wireless networking solutions. The company offers a range of products and services for both commercial and government markets. Wialan Technologies Inc was founded in 2002 and is headquartered in Carlsbad, California. ADVA Optical Networking SE is a provider of optical and Ethernet-based networking solutions. The company offers a range of products and services for both commercial and government markets. ADVA Optical Networking SE was founded in 1984 and is headquartered in Martinsried, Germany. Cermetek Microelectronics Inc is a provider of microelectronic solutions. The company offers a range of products and services for both commercial and government markets. Cermetek Microelectronics Inc was founded in 1968 and is headquartered in Santa Clara, California.
– Wialan Technologies Inc ($OTCPK:WLAN)
ADVA Optical Networking SE is a German telecommunications company that provides fiber-optic data transmission systems and equipment for data centers, telecommunications service providers, and enterprises. The company has a market cap of 1.07B as of 2022 and a Return on Equity of 4.24%. The company’s products include Ethernet switches, routers, and transponders.
Summary
VIASAT reported USD 779.8 million in revenue for the first quarter of FY2024, a 15.0% YOY growth.
However, net income was USD -77.0 million, significantly lower than the prior year’s -21.6 million. On the same day, the stock price dropped significantly, suggesting that investors may be concerned about the company’s profitability. Analysts will watch to see if upcoming quarters will continue to show growth and whether the company can reverse the negative net income figure. Investors should take caution when considering investing in VIASAT.
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