ViaSat sees FY24 revenue growth in high single-digits, consensus $3.35B

Management stated, “Net leverage is expected to increase modestly by the end of FY2024 as cash balances are partially used to fund capital expenditures. overall expectations are to continue to grow revenue and Adjusted EBITDA again in FY2025, relative to our expectations for FY2024 (and assuming a full year of contribution from Inmarsat for FY2024). Regarding free cash flow, we are targeting the inflection point to sustained positive to occur in the second half of calendar 2025.”