U.S. markets open in 6 hours 12 minutes

Free Research Report as Viasat's Quarterly Revenues Increased 5.58%

Stock Monitor: Optical Cable Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 25, 2018 / If you want access to our free earnings report on Viasat, Inc. (NASDAQ: VSAT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VSAT. The Company reported its financial results on May 24, 2018, for the fourth quarter and full fiscal year 2018, ended March 31, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q4 FY18.

Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Optical Cable Corporation (NASDAQ: OCC), which also belongs to the Technology sector as the Company Viasat. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=OCC

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Viasat most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=VSAT

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2018, Viasat's total revenues reached $439.67 million, reflecting an increase of 5.58% from $416.42 million in Q4 FY17. For the quarter under review, the Company's product revenues increased 17.94% to $231.69 million on a y-o-y basis, while its service revenues decreased 5.45% to $207.98 million on a y-o-y basis. The Company's total revenue numbers exceeded analysts' consensus estimates of $423.70 million.
Viasat had new contract awards of $404 million in Q4 FY18, 4.94% higher than $385.60 million in Q4 FY17. The Company's sales backlog also increased 6.40% to $1.09 billion in the reported quarter from $1.02 billion in the prior year's same quarter.

During Q4 FY18, Viasat's cost of product revenues was $170.75 million, up 20.29% on a y-o-y basis, and cost of service revenues was $156.60 million, up 18.49% on a y-o-y basis. The Company incurred selling, general, and administrative expenses of $106.04 million in the reported quarter, 9.81% higher than $96.56 million in the previous year's comparable quarter. Viasat reported a loss from operations of $33.05 million in Q4 FY18 compared to an income from operations of $2.68 million in Q4 FY17. The Company had adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $55.59 million in the quarter under review, a decrease of 33.38% from $83.45 million in the previous year's corresponding quarter.

Viasat's net loss attributable to common shareholders was $19.95 million in the quarter ended March 31, 2018, compared to a net income attributable to common shareholders of $6.65 million in the same period of last year. The Company had a diluted loss per share of $0.34 in Q4 FY18 compared to a diluted income per share of $0.11 in Q4 FY17. The Company's reported earnings included amortization of acquired intangible assets, stock-based compensation expenses, and an income tax effect. Excluding these non-recurring items, Viasat had an adjusted loss per share of $0.05 in the reported quarter versus an adjusted income per share of $0.32 in the prior year's comparable quarter. Market analysts had expected the Company to report a loss per share of $0.19 for Q4 FY18.

For the full fiscal year ended March 31, 2018, Viasat's total revenues were $1.59 billion, up 2.26% from $1.56 billion in FY17. The Company had a loss from operations of $92.19 million in FY18 compared to an income from operations of $36.46 million in FY17. Viasat's net loss attributable to common shareholders was $67.31 million, or $1.15 loss per share, in the reported year compared to a net income of $23.77 million, or 0.45 per share, in the previous year. Viasat's adjusted diluted earnings per share (EPS), excluding non-recurring items, was $0.04 in FY18 compared to $1.23 in FY17.

Segment Details

During Q4 FY18, Viasat's Satellite Services segment reported revenues of $145 million, down 9.88% on a y-o-y basis. The segment had adjusted EBITDA of $30.10 million in Q3 FY18, 59.87% lower than $75 million in Q3 FY17.

For Q4 FY18, Viasat's Commercial Networks segment's net revenues ascended 28.93% to $76.20 million on a y-o-y basis. The segment had a loss before interest, tax, and depreciation of $32.90 million in the quarter under review compared to $36.50 million in the year ago corresponding quarter.

During Q4 FY18, Viasat's Government Systems segment's net revenues were $218.60 million, up 11.25% on a y-o-y basis. The segment had adjusted EBITDA of $58.40 million in Q4 FY18, an increase of 29.78% from $45 million in Q4 FY17.

Cash Matters

Viasat had cash and cash equivalents of $71.45 million as on March 31, 2018, 45.08% lower than $130.10 million as on March 31, 2017.

Stock Performance Snapshot

June 22, 2018 - At Friday's closing bell, Viasat's stock was slightly up 0.16%, ending the trading session at $64.18.

Volume traded for the day: 307.25 thousand shares.

Stock performance in the last month – up 2.18%

After last Friday's close, Viasat's market cap was at $3.81 billion.

The stock is part of the Technology sector, categorized under the Communication Equipment industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors