California-based satellite operator Viasat has suffered a negative report from Quilty Analytics. The analysts point out to clients that Viasat has “dialled back” guidance for 2023, not helped by delays to the launch of the first of its latest trio of sophisticated satellites.

Quilty says: “For the second consecutive quarter, shares of Viasat sold off by double-digits after management dialled back its FY23 guidance to reflect ongoing government order delays and modest slippage of the ViaSat-3 launch (now targeting the week of April 8th) […] Needless to say, the successful launch of the ViaSat-3 satellite should serve as an important catalyst for accelerated growth (consumer, In-Flight Communications, government) as well as investor interest.”

“Unfortunately, the pending Inmarsat acquisition hit another speed bump as the European Commission joined the UK’s Competitive Markets Authority – launching an in-depth investigation into the merger’s competitive implications for the IFC market. While we still think the deal will get across the line, the costs, timing, and concessions needed to clear approval could reshape the economics of the transaction and keep a lid on investor excitement – even as Viasat-3 drives double-digit AEBITDA growth in FY24,” Quilty added.

Other posts by Chris Forrester:

1. Virgin Galactic in stock split
2. Thuraya-3 suffers major problem
3. AST SpaceMobile hit by Class Action
4. Optimism under threat at SES
5. Rivada visits Terran Orbital’s manufacturing HQ
6. Avanti wins spectrum debt obligation case
7. SpaceX breaks records for re-use launchers
8. IRIS2 already in trouble?
9. Intelsat contemplates next steps

Categories: Blogs, Business, Inside Satellite, Satellite

Tags: Inmarsat, quilty, Quilty Analytics, Viasat