Viasat, Inc. (NASDAQ:VSAT) Q3 2024 Earnings Call Transcript

Kumara Gowrappan: Edison, I would say, so if you look at what we talked about on the $100 million starting FY ’25, a lot of the focus there was on headcount and bringing the 2 teams together from go-to-market all the way through technology. So we feel really good with that. Now what we are focused on right now is non-headcount related, which you think about procurement and supply chain and some of the external spend that we do, we are now doing our analysis and working through that. So we do expect opportunities there in terms of savings, but we haven’t quantified those yet. We’re working through that.

Shawn Duffy: And Edison, if I can add one — just one my point. Just keeping in mind that in Q3, alongside the risk that we announced with — as we were rightsizing on the people, we saw some of those payments from in this quarter 2. So that elevated Q3 a little bit as well.

Operator: That is all the time we have for questions. I will turn the call back to Mark Dankberg for closing remarks.

Mark Dankberg: Okay. So thanks a lot, everybody, for joining us. I would like to leave you with just a few important takeaways from third quarter. One is that the results were good. We generated 8% year-over-year revenue growth and 11% year-over-year adjusted EBITDA growth. We’re winning new business in our targeted growth markets. I think, hopefully, you can get a sense of the competitive environment that we’re in, in the way that we are targeting specific enterprise in government and mobility markets. The Inmarsat integration program is ahead of schedule and ahead of budget. And we are balancing growth, innovation and profitability. So with that, I look forward to updating you all on our continued progress next quarter. And with that, I’ll hand it back to the operator.

Operator: Thank you. This does conclude today’s conference call. We thank you for joining. You may now disconnect your lines.