Viasat Provides An Interim Update On VS-3 F1 Satellite Status And Anticipates Positive Free Cash Flow Earlier Than Planned; Viasat Remains On Track To Achieve Its Outlook For FY2024
Portfolio Pulse from Benzinga Newsdesk
Viasat, Inc. (NASDAQ:VSAT) has announced key financial developments that are expected to enhance its cash generation profile. The company now expects to reach sustainable positive free cash flow during the first half of 2025, earlier than previously announced. Viasat has also confirmed that it will not require a replacement for the ViaSat-3 F1 satellite, which encountered a mechanical deployment issue. The company expects to report more than $3 billion of liquidity as of September 30, 2023, and remains on track to achieve its outlook for FY2024.
October 12, 2023 | 12:13 pm
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POSITIVE IMPACT
Viasat's financial developments and positive cash flow expectations could potentially boost investor confidence and positively impact the company's stock price in the short term.
The news of Viasat's positive cash flow expectations, no need for satellite replacement, and reaffirmed FY24 and FY25 guidance could be seen as positive by investors, potentially leading to increased demand for the company's stock and a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100