VIASAT Reports Strong Earnings Results for Fiscal Year 2023 Q4
June 27, 2023
☀️Earnings Overview
VIASAT ($NASDAQ:VSAT) reported that for FY2023 Q4 ending on March 31 2023, total revenue was USD 666.1 million, a 5.1% decrease from the previous year’s figure. However, net income increased significantly to USD 1196.8 million, a 1225 million increase from the prior year’s -29.2 million.
Share Price
On Wednesday, VIASAT reported strong earnings results for its fourth quarter in fiscal year 2023. The company’s stock opened at $37.1 and closed at $38.1, up by 3.3% from the previous closing price of 36.9. This positive development marks a significant achievement for the company, as it has reported strong profits and positive cash flow throughout the entire fiscal year. The company attributes its success to the continued success of its satellite services, which have seen steady growth in customer base and revenue.
In addition, VIASAT’s innovative technology, including its high-speed satellite Internet service and military communications systems, have further contributed to its strong performance. The strong results come as a surprise to many analysts, who had previously predicted a decrease in profits for the fourth quarter due to market pressures. The company has been able to remain resilient and has managed to keep up with competitors in the satellite industry despite these difficult times. VIASAT shareholders have been pleased with the company’s performance and are optimistic about its future prospects. With continued progress in satellite technology, there is potential for further growth in the coming years. The company’s strong earnings results provide a solid foundation for its future success and continued growth in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. VIASAT_Reports_Strong_Earnings_Results_for_Fiscal_Year_2023_Q4″>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. VIASAT_Reports_Strong_Earnings_Results_for_Fiscal_Year_2023_Q4″>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. VIASAT_Reports_Strong_Earnings_Results_for_Fiscal_Year_2023_Q4″>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 are shown below. VIASAT_Reports_Strong_Earnings_Results_for_Fiscal_Year_2023_Q4″>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
GoodWhale has conducted a thorough analysis of VIASAT‘s wellbeing. Upon further inspection, our team has detected three risk warnings in areas such as the balance sheet, cash flow statement, and non-financial aspects. To gain further insight into the specific issues that we have identified, we invite you to become a registered user and view our findings. We are confident that our report will provide a comprehensive understanding of the various risk factors associated with investing in VIASAT. More…
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 strong earnings results for FY2023 Q4, with total revenue of USD 666.1 million, a decrease of 5.1% from the same period in the previous year, and net income of USD 1196.8 million, an increase of 1225 million from the previous year. Investors responded positively to these results, with the stock price rising on the same day. With such strong financial performances, VIASAT is a promising investment opportunity for those looking for exposure in the telecommunications and satellite services industry. Investors should consider the potential for continuing growth in the company’s operations and financial results before making any investment decisions.
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