Mike Blake | Reuters
The company, which reported fiscal 2024 first-quarter results, wrote in a letter to shareholders thatdisclosed last month "creates unanticipated challenges that we are already addressing." It reported a net loss of $77 million for the quarter, wider than a net loss of $21.6 million a year ago. It cited higher interest expenses, as well as costs related to its acquisition of Inmarsat. As of the end of quarter, Viasat had $5.5 billion in net debt, with about $2 billion in cash and equivalents.
The company said it expects "to gain additional bandwidth from the existing in-orbit fleet" through improvements to its ground network.
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