Sitting through the earnings call I wanted to scream at the computer. The market needs reasons why Viasat isn't irrelevant debris on the road of disruptive progress. Instead, the best leadership we have entagles in obscure beam-edge-beam-middle-peak-to-average-layering-capacity-network-3GPP-release-Lband-synergy-axle-wrap-did-that-answer-your-question word salad. None of that convinces anyone that Viasat isn't lost. After successive earnings calls and all hands, I learned there's no new plan coming, no new pivot, and no new understanding of the problem. The path from here is is copy-paste the last quarter going forward, with layoffs sprinkled in there whether announced as such or just done quietly. We're witnessing what it looks like when leadership has no way out of the corner they put us into.
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The six month chart looks like a middle finger salute.
The math is pretty simple. In 1996, Viasat was about $4.50. Today it's just over $16. In those 28 years you could be the proud owner of of a security that got you an annualized 4% return. And that includes the good years. Everybody in the last 20 years is underwater. What the board has been doing escapes me, must be a fun gig.
We need another RIF to get rid of the the last of folks that “work from home”
More folks at campus will increase our productivity.
Ever since Covid and wfh phase…. ViaSat has been underwhelming cause these wfh troopers waste 80% their time until a deadline approaching, then they crash and burn. They barely make the deadline and the product is poor.
A broken clock is right twice a day.
You people are sad and pathetic. If ViaSat is doing so bad, then why did Korean Air selected Viasat to provide in-flight connectivity on 40 additional aircraft, Icelandair selected Viasat’s in-flight Wi-Fi solution for its new fleet of Airbus Aircraft, and Royal Jordanian Airlines plans to equip more than 40 aircraft with Viasat’s connectivity system? Sounds money to me. You all are just but hurt because you got let go for not bringing value to this amazing company.
I dare you to put your life savings into Viasat stock, if you think it will rise to the top.
Quit b****ing….. if you guys are going to complain…. Do us all a favor and just quit…. We don’t need your waste of space. Just watch, ViaSat will raise to the top and you people who keep crying are gonna cry some more over your d-mb decision making.
We are fine, with the established contracts that Viasat acquired from the Inmarsat acquisition, and when VS3 flight 2 is launched and bringing in revenue, Viasat will catch-up. A runner can trip and fall and still get back up to win a race.
I'm glad I was layed off. No disrespect intended.
Vialost .... more like ViaShat
Here's the thing about "no more layoffs". It's true right up until it's not. There are many ways to engage in layoffs to compensate for dismal earnings without it becoming a large RIF action. It will be there, you just have to look for it. 10 people here, 30 people there, built up enough to get a few million dollars of forward savings to show wall street.
At least they said no more layoffs
The all hands truly was a spectacle. It went from hearing "investors look at momentum when valuing stock price" to "we will maintain our current strategy and wait for the customers to like us again".
I had to tune out of the all hands.
The earnings miss was attributed to interest payments on the Inmarsat acquisition. Is this really credibly being dismissed as a one-time event, and how was that not disclosed in guidance?
Right. And profitability guided in mid CY25 is not what the market wants to hear. The market wants to hear how Viasat can be profitable this year.