Viasat (VSAT) stock surged 5.03% in Tuesday's trading session, following the release of its fiscal year 2025 results which demonstrated a significant financial turnaround. The global communications technology company reported a net income of $42 million, marking a substantial improvement from the previous year's $25 million loss.
The company's annual report revealed a net loss from continuing operations of $12 million, down from $24 million in the previous fiscal year. However, the game-changer was a $51 million net income from discontinued operations, which propelled Viasat into profitability. This positive financial performance likely sparked investor optimism, driving the stock's impressive gain.
While specific revenue figures were not detailed in the report, Viasat highlighted its continued focus on expanding global communications technologies and services. The company noted increased operating costs associated with the ramp-up period before launching new services, including expenses related to depreciation, amortization, marketing, logistics, and customer support systems. Looking ahead, Viasat anticipates a cycle of increased operating costs and bandwidth constraints as it prepares for future service expansions, suggesting ongoing investment in growth initiatives.
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