Viasat, Inc. (NASDAQ:VSAT) Q4 2023 Earnings Conference Call May 17, 2023 5:00 PM ET

Company Participants

Mark Dankberg - Chairman and CEO

Shawn Duffy - CFO

Robert Blair - General Counsel

Guru Gowrappan - President

Conference Call Participants

Ric Prentiss - Raymond James

Simon Flannery - Morgan Stanley

Mike Crawford - B. Riley

Operator

Hello, and welcome to Viasat's Q4 Fiscal Year 2023 Earnings Conference Call. Your host for today's call is Mark Dankberg, Chairman and CEO. You may proceed, Mr. Dankberg.

Mark Dankberg

Thanks. Good afternoon, everybody. Thanks for joining us for our call today. We released our shareholder letter shortly after market close this afternoon, and it's still available on our website. We'll be referring to on this call.

So joining me on the call today are Guru Graben, our new President, Kevin Harkerider; our COO; Shawn Duffy, our Chief Financial Officer; Robert Blair, our General Counsel; and Paul Froelich from Corporate Development; and Peter Lopez from Investor Relations as well.

So before we start, Robert will provide our safe harbor guidance.

Robert Blair

Thanks, Mark. As you know, this discussion will contain forward-looking statements. This is a reminder that factors could cause actual results to differ materially. Additional information concerning these factors is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q. Copies are available from the SEC or from our website.

Back to you, Mark.

Mark Dankberg

Thanks. Okay. So to start, I'll briefly try to recap to the business and financial highlights and also I'd like to introduce our new President, Guru Graben. And then we'll open it up for questions.

So for us, the biggest highlight is that our Viasat ViaSat-3 Americas satellite has arrived at its orbital location, and it's beginning its final deployments. But that stunned, we can complete in orbit testing, and we can start bringing it up the network. We're aiming to be in service around mid-summer, and that's going to greatly expand our coverage and provide bandwidth to grow all of our satellite services businesses.

It's been an enormous undertaking by our whole team, and I want to thank everybody for their commitment and dedication. We've got just a few more steps to go for this first one, with the Europe, Middle East, Africa satellite launching later this calendar year and then Asia Pacific satellite, again, almost complete global coverage.

The Asia Pacific satellite is now in final integration and test with Boeing. We believe the combination of virtually global coverage, the amount of useful bandwidth per capital dollar invested and the ability to dynamically move that bandwidth to the places with the greatest demand are unique to the [indiscernible]. These satellites and will prove to be especially valuable in the global mobile markets.