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Viasat Reports Narrower Q1 Loss on Higher Revenues
Viasat Inc. (NASDAQ: VSAT) reported relatively healthy first-quarter fiscal 2025 results, with the top line surpassing the Zacks Consensus Estimate. The company reported higher revenues year over year, backed by solid demand trends in both segments. In addition, incremental revenues from Inmarsat contributed significantly to the top-line growth. An improved operating performance further led to a narrower-than-expected loss.
Net Income
The company incurred a net loss of $32.9 million or a loss of 26 cents per share compared with a net loss of $77 million or a loss of 83 cents per share in the year-ago quarter. The improved performance was primarily attributable to higher revenues. The bottom line was narrower than the Zacks Consensus Estimate of a loss of 42 cents.
Excluding non-recurring items, Viasat reported a non-GAAP net income of $39 million or 30 cents per share against a net loss of $0.4 million or break-even results in the year-earlier quarter.
Viasat Inc. Price, Consensus and EPS Surprise
Viasat Inc. price-consensus-eps-surprise-chart | Viasat Inc. Quote
Revenues
Revenues surged 44% to $1.13 billion, driven by solid defense orders, healthy services revenues, an incremental contribution from Inmarsat and a robust order pipeline. The top line surpassed the consensus estimate by $45 million.
Product revenues were $305.9 million, up from $236.4 million in the year-ago quarter. Net sales from Service improved to $820.7 million from $543.4 million a year ago.
During the quarter, Viasat restructured its operating segments to better ...