Viasat, Inc. (NASDAQ:VSAT) Q2 2023 Results Conference Call November 8, 2022 5:00 PM ET

Company Participants

Mark Dankberg - Chairman & CEO

Rick Baldridge - Vice Chairman

Kevin Harkernweider - Chief Operating Officer

Shawn Duffy - Chief Financial Officer

Robert Blair - General Counsel

Peter Opes - Investor Relations

Conference Call Participants

Richard Prentiss - Raymond James

Landon Park - Morgan Stanley

Michael Crawford - B. Riley Securities

Christopher David Quilty - Quilty Analytics

Louie DiPalma - William Blair & Company

Operator

Welcome to ViaSat’s Fiscal Year 2023 Second Quarter Earnings Conference Call. Your host for today’s call is Mark Dankberg, Chairman and CEO. You may proceed, Mr. Dankberg.

Mark Dankberg

Thanks, and thanks, everybody, for joining us today. We released our shareholder letter shortly after market close and is available on our website. We will be referring to that on this call.

Joining me today on the call are Rick Baldridge, our Vice Chairman; Kevin Harkernweider, our Chief Operating Officer; our Chief Financial Officer, Shawn Duffy, Robert Blair, our General Counsel; and Paul Promit from Corporate Development; and Peter Opes from Investor Relations. So first have Robert provide our safe harbor discussion.

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

Okay. Thanks. So I will briefly just touch on some of the main points we just in the letter before we take questions. So first, progress on the completion of the first ViaSat-3 satellite has been really good, and it is close to plan since last quarter. It is completed and has its functional environmental and deployment tests.

The deployment test use higher technic devices. So the remaining tasks now are to inspect those, the deployable and restore the satellite to launch configuration. We expect the satellite will be ready for shipment to the launch site in December.

Though schedules for some U.S. national priority launches that are contending for Falcon Heavy facilities have shifted since our previous conference call. So at this point, we can’t give a specific on to window other than first quarter of Cal-23 but we are targeting the early part of the quarter. And we are working with SpaceX to add as soon as possible.