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Aviat Networks Announces Fiscal 2025 First Quarter and Three Month Financial Results

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Aviat Networks (AVNW) reported fiscal 2025 first quarter results with total revenue of $88.4 million, up 1.7% year-over-year. The company posted a GAAP net loss of $(11.9) million, or $(0.94) per share, and adjusted EBITDA of $(7.7) million. North America revenue decreased by 23% to $42.2 million, while International revenue grew 44.1% to $46.2 million. Gross margin declined to 22.4% GAAP and 23.2% non-GAAP. The company updated its fiscal 2025 guidance, projecting revenue between $430-470 million and adjusted EBITDA between $30-40 million.

Aviat Networks (AVNW) ha riportato i risultati del primo trimestre fiscale 2025, con un fatturato totale di 88,4 milioni di dollari, in aumento dell'1,7% rispetto all'anno precedente. L'azienda ha registrato una perdita netta GAAP di $(11,9) milioni, ovvero $(0,94) per azione, e un EBITDA rettificato di $(7,7) milioni. I ricavi del Nord America sono diminuiti del 23% a $42,2 milioni, mentre i ricavi internazionali sono aumentati del 44,1% a $46,2 milioni. Il margine lordo è sceso al 22,4% GAAP e al 23,2% non-GAAP. L'azienda ha aggiornato le previsioni fiscali per il 2025, prevedendo ricavi tra $430-470 milioni e un EBITDA rettificato tra $30-40 milioni.

Aviat Networks (AVNW) informó los resultados del primer trimestre fiscal 2025, con ingresos totales de 88,4 millones de dólares, un aumento del 1,7% en comparación con el año anterior. La empresa registró una pérdida neta GAAP de $(11,9) millones, es decir, $(0,94) por acción, y un EBITDA ajustado de $(7,7) millones. Los ingresos de América del Norte disminuyeron un 23% a $42,2 millones, mientras que los ingresos internacionales crecieron un 44,1% a $46,2 millones. El margen bruto cayó al 22,4% GAAP y al 23,2% no GAAP. La empresa actualizó su guía fiscal para 2025, proyectando ingresos entre $430-470 millones y un EBITDA ajustado entre $30-40 millones.

Aviat Networks (AVNW)는 2025 회계연도 1분기 실적을 보고하며, 총 수익이 8,840만 달러로 전년 대비 1.7% 증가했다고 발표했습니다. 회사는 GAAP 기준으로 $(1,190만) 달러의 순손실, 즉 주당 $(0.94) 손실을 기록했으며, 조정된 EBITDA는 $(770만) 달러였습니다. 북미 지역의 수익은 23% 감소하여 $4220만에 이르렀고, 반면 국제 수익은 44.1% 증가하여 $4620만에 도달했습니다. 총 매출 이익률은 GAAP 기준으로 22.4%, 비 GAAP 기준으로 23.2%로 감소했습니다. 회사는 2025 회계연도 가이던스를 업데이트하여 수익을 $4억 3천~4억 7천만 달러, 조정된 EBITDA를 $3천만~4천만 달러 사이로 예상했습니다.

Aviat Networks (AVNW) a annoncé les résultats du premier trimestre de l'exercice 2025, avec un revenu total de 88,4 millions de dollars, en hausse de 1,7% par rapport à l'année précédente. L'entreprise a enregistré une perte nette GAAP de $(11,9) millions, soit $(0,94) par action, et un EBITDA ajusté de $(7,7) millions. Les revenus d'Amérique du Nord ont diminué de 23% à 42,2 millions de dollars, tandis que les revenus internationaux ont augmenté de 44,1% à 46,2 millions de dollars. La marge brute a chuté à 22,4% GAAP et 23,2% non-GAAP. L'entreprise a mis à jour ses prévisions pour l'exercice 2025, projetant un revenu entre 430 et 470 millions de dollars et un EBITDA ajusté entre 30 et 40 millions de dollars.

Aviat Networks (AVNW) hat die Ergebnisse für das erste Quartal des Geschäftsjahres 2025 bekanntgegeben, mit einem Gesamtumsatz von 88,4 Millionen US-Dollar, was einem Anstieg von 1,7% im Vergleich zum Vorjahr entspricht. Das Unternehmen verzeichnete einen GAAP-Nettoverlust von $(11,9) Millionen, also $(0,94) pro Aktie, sowie ein angepasstes EBITDA von $(7,7) Millionen. Der Umsatz in Nordamerika sank um 23% auf 42,2 Millionen US-Dollar, während der internationale Umsatz um 44,1% auf 46,2 Millionen US-Dollar stieg. Die Bruttomarge fiel auf 22,4% GAAP und 23,2% non-GAAP. Das Unternehmen hat seine Prognose für das Geschäftsjahr 2025 aktualisiert und erwartet einen Umsatz zwischen 430 und 470 Millionen US-Dollar sowie ein angepasstes EBITDA zwischen 30 und 40 Millionen US-Dollar.

Positive
  • Revenue increased 1.7% year-over-year to $88.4 million
  • International revenue grew 44.1% to $46.2 million
  • Secured first order for new Aprisa 5G cellular router
Negative
  • GAAP net loss of $(11.9) million compared to net income of $3.6 million last year
  • Adjusted EBITDA declined to $(7.7) million from $8.9 million last year
  • North America revenue decreased 23% to $42.2 million
  • Gross margin declined significantly to 22.4% from 35.9% year-over-year
  • Operating expenses increased 34.4% to $35.4 million
  • Cash decreased to $51.0 million from $64.6 million in June 2024

Insights

The Q1 FY2025 results reveal significant challenges for Aviat Networks. The company reported a concerning shift from profitability to loss, with $88.4 million in revenue delivering an adjusted EBITDA of -$7.7 million, compared to $8.9 million in the prior year. The 1.7% revenue growth masks underlying issues:

  • Gross margins deteriorated substantially, dropping 13.5% points to 22.4%
  • North American revenue declined 23%, indicating weakness in core markets
  • Operating expenses increased 34.4% due to acquisitions
  • Net debt position worsened to $32.3 million from a previously stronger cash position

The updated guidance of $430-470 million revenue and $30-40 million Adjusted EBITDA suggests management expects improvement, but near-term challenges remain significant.

Total Revenue of $88.4 million; Up 1.7% Year-Over-Year

Adjusted EBITDA of $(7.7) million

Non-GAAP Diluted Earnings per Share of $(0.87)

AUSTIN, Texas, Nov. 5, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 first quarter ended September 27, 2024.

First Quarter Highlights

  • Continued to gain share of demand in North America based on FCC filing data
  • Closed acquisition of 4RF and secured first order for new Aprisa 5G cellular router to a North American utility company
  • Began shipping product to recently won state-wide private network customer on the East Coast

First Quarter Financial Highlights

  • Total Revenues: $88.4 million, up 1.7% from the same quarter last year
  • GAAP Results: Gross Margin 22.4%; Operating Expenses $35.4 million; Operating Loss $(15.6) million; Net Loss $(11.9) million; Net Loss per diluted share ("Net Loss per share") $(0.94)
  • Non-GAAP Results: Adjusted EBITDA $(7.7) million; Gross Margin 23.2%; Operating Expenses $30.0 million; Operating Loss $(9.5) million; Net Loss $(11.1) million; Net Loss per share $(0.87)
  • Net cash and cash equivalents: $51.0 million; cash net of debt: $(32.3) million

Fiscal 2025 First Quarter and Three Months Ended September 27, 2024

Revenues

The Company reported total revenues of $88.4 million for its fiscal 2025 first quarter, compared to $86.9 million in the fiscal 2024 first quarter, an increase of $1.5 million or 1.7%. North America revenue of $42.2 million decreased by $(12.6) million or (23.0)%, compared to $54.9 million in the prior year due lower tier 1 demand and timing of certain private network projects. International revenue of $46.2 million increased by $14.1 million or 44.1%, compared to $32.1 million in the prior year. This growth was due to the addition from the Pasolink acquisition.

Gross Margins

In the fiscal 2025 first quarter, the Company reported GAAP gross margin of 22.4% and non-GAAP gross margin of 23.2%. This compares to GAAP gross margin of 35.9% and non-GAAP gross margin of 36.2% in the fiscal 2024 first quarter, a decrease of (1,350) and (1,300) basis points, respectively. The decrease was driven by mix shift away from higher margin projects and regions in the quarter.

Operating Expenses

The Company reported GAAP total operating expenses of $35.4 million for the fiscal 2025 first quarter, compared to $26.3 million in the fiscal 2024 first quarter, an increase of $9.1 million or 34.4%. Non-GAAP total operating expenses, excluding the impact of restructuring charges, share-based compensation, and merger and acquisition expenses for the fiscal 2025 first quarter were $30.0 million, compared to $23.9 million in the prior year, an increase of $6.2 million or 25.8%.

Operating Income

The Company reported GAAP operating loss of $(15.6) million for the fiscal 2025 first quarter, compared to a GAAP operating income of $4.9 million in the fiscal 2024 first quarter, a decrease of $(20.5) million. Operating income decreased primarily due to lower gross margin and higher operating expenses as a result of the Pasolink and 4RF transactions. On a non-GAAP basis, the Company reported operating loss of $(9.5) million for the fiscal 2025 first quarter, compared to a non-GAAP operating income of $7.6 million in the prior year, a decrease of $(17.1) million.

Income Taxes

The Company reported GAAP income tax benefit of $(5.5) million in the fiscal 2025 first quarter, compared to a GAAP income tax expense of $0.4 million in the fiscal 2024 first quarter.

Net Income / Net Income Per Share

The Company reported GAAP net loss of $(11.9) million in the fiscal 2025 first quarter or GAAP net loss per share of $(0.94). This compared to GAAP net income of $3.6 million or GAAP net income per share of $0.30 in the fiscal 2024 first quarter. On a non-GAAP basis, the Company reported net loss of $(11.1) million or non-GAAP net income per share of $(0.87), compared to non-GAAP net income of $7.2 million or $0.60 per share in the prior year.

Adjusted EBITDA

Adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA") for the fiscal 2025 first quarter was $(7.7) million, compared to $8.9 million in the fiscal 2024 first quarter, a decrease of $(16.6) million.

Balance Sheet Highlights

The Company reported $51.0 million in cash and cash equivalents as of September 27, 2024, compared to $64.6 million as of June 28, 2024. As of September 27, 2024, total debt was $83.4 million, an increase of $35.0 million from June 28, 2024.

Fiscal 2025 Full Year Outlook

The Company is updating its fiscal 2025 full year guidance as follows:

  • Full year Revenue between $430 and $470 million
  • Full year Adjusted EBITDA between $30.0 and $40.0 million

Conference Call Details

Aviat Networks will host a conference call at 4:30 p.m. Eastern Time (ET) today, November 5, 2024, to discuss its financial and operational results for the fiscal 2025 first quarter ended September 27, 2024. Participating on the call will be Peter Smith, President and Chief Executive Officer; Michael Connaway, Sr. Vice President and Chief Financial Officer; and Andrew Fredrickson, Director of Corporate Development and Investor Relations. Following management's remarks, there will be a question and answer period.

Interested parties may access the conference call live via the webcast through Aviat Network's Investor Relations website at investors.aviatnetworks.com/events-and-presentations/events, or may participate via telephone by registering using this online form. Once registered, telephone participants will receive the dial-in number along with a unique PIN number that must be used to access the call. A replay of the conference call webcast will be available after the call on the Company's investor relations website.

About Aviat Networks

Aviat Networks, Inc. is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Facebook and LinkedIn.

Forward-Looking Statements

The information contained in this Current Report on Form 8-K includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat's beliefs and expectations regarding outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2025, its recent acquisitions and acquisition strategy, process improvements, measures designed to improve internal controls, its ability to maintain effective internal control over financial reporting and management systems and remediate material weaknesses, plans and objectives of management, realignment plans and review of strategic alternatives and expectations regarding future revenue, gross margin, Adjusted EBITDA, operating income or earnings or loss per share. All statements, trend analyses and other information contained herein regarding the foregoing beliefs and expectations, as well as about the markets for the services and products of Aviat and trends in revenue, and other statements identified by the use of forward-looking terminology, including "anticipate," "believe," "plan," "estimate," "expect," "goal," "will," "see," "continue," "delivering," "view," and "intend," or the negative of these terms or other similar expressions, constitute forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, forward-looking statements are based on estimates reflecting the current beliefs, expectations and assumptions of the senior management of Aviat regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Therefore, you should not rely on any of these forward-looking statements.

Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following: the disruption the 4RF and NEC transactions may cause to customers, vendors, business partners and our ongoing business; our ability to integrate the operations of the acquired 4RF and NEC businesses with our existing operations and fully realize the expected synergies of the 4RF and NEC transactions on the expected timeline; disruptions relating to the ongoing conflict between Russia and Ukraine and the conflict in Israel and surrounding areas; continued price and margin erosion in the microwave transmission industry; the impact of the volume, timing, and customer, product, and geographic mix of our product orders; our ability to meet financial covenant requirements; the timing of our receipt of payment; our ability to meet product development dates or anticipated cost reductions of products; our suppliers' inability to perform and deliver on time, component shortages, or other supply chain constraints; the effects of inflation; customer acceptance of new products; the ability of our subcontractors to timely perform; weakness in the global economy affecting customer spending; retention of our key personnel; our ability to manage and maintain key customer relationships; uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation; our failure to protect our intellectual property rights or defend against intellectual property infringement claims; the results of our restructuring efforts; the effects of currency and interest rate risks; the ability to preserve and use our net operating loss carryforwards; the effects of current and future government regulations; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business; the conduct of unethical business practices in developing countries; the impact of political turmoil in countries where we have significant business; our ability to realize the anticipated benefits of any proposed or recent acquisitions; the impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; our ability to implement our stock repurchase program or that it will enhance long-term stockholder value; and the impact of adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions.

For more information regarding the risks and uncertainties for Aviat's business, see "Risk Factors" in Aviat's Form 10-K for the fiscal year ended June 28, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on October 4, 2024, as well as other reports filed by Aviat with the SEC from time to time. Aviat undertakes no obligation to update publicly any forward-looking statement, whether written or oral, for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Investor Relations:
Andrew Fredrickson
Director, Corporate Development & Investor Relations
Phone: (512) 582-4626
Email: andrew.fredrickson@aviatnet.com

 

Table 1

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 


Three Months Ended

(In thousands, except per share amounts)

September 27,
2024


September 29,
2023

Revenues:




Product sales

$               61,116


$               59,545

Services

27,313


27,364

Total revenues

88,429


86,909

Cost of revenues:




Product sales

52,201


36,313

Services

16,440


19,401

Total cost of revenues

68,641


55,714

Gross margin

19,788


31,195

Operating expenses:




Research and development

10,408


6,424

Selling and administrative

24,948


19,237

Restructuring charges


644

Total operating expenses

35,356


26,305

Operating (loss) income

(15,568)


4,890

Interest expense, net

1,115


99

Other expense, net

710


802

(Loss) income before income taxes

(17,393)


3,989

(Benefit from) provision for income taxes

(5,514)


432

Net (loss) income

$             (11,879)


$                 3,557





Net (loss) income per share of common stock outstanding:




Basic

$                 (0.94)


$                   0.31

Diluted

$                 (0.94)


$                   0.30

Weighted-average shares outstanding:




Basic

12,646


11,574

Diluted

12,646


11,943

 

Table 2

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

 

(In thousands)

September 27,
2024


June 28,
2024

ASSETS




Current Assets:




Cash and cash equivalents

$                    51,034


$                    64,622

Accounts receivable, net

169,002


158,013

Unbilled receivables

94,725


90,525

Inventories

79,559


62,267

Assets held for sale


2,720

Other current assets

32,942


27,076

Total current assets

427,262


405,223

Property, plant and equipment, net

11,883


9,480

Goodwill

15,153


8,217

Intangible assets, net

28,754


13,644

Deferred income taxes

91,317


83,112

Right-of-use assets

3,665


3,710

Other assets

12,823


11,837

Total long-term assets

163,595


130,000

Total assets

$                  590,857


$                  535,223

LIABILITIES AND EQUITY




Current Liabilities:




Accounts payable

$                  104,926


$                    92,854

Accrued expenses

39,137


42,148

Short-term lease liabilities

1,125


1,006

Advance payments and unearned revenue

79,380


58,839

Other current liabilities

21,234


21,614

Current portion of long-term debt

2,395


2,396

Total current liabilities

248,197


218,857

Long-term debt

80,980


45,954

Unearned revenue

7,522


7,413

Long-term operating lease liabilities

2,782


2,823

Other long-term liabilities

407


394

Reserve for uncertain tax positions

3,445


3,485

Deferred income taxes

412


412

Total liabilities

343,745


279,338

Commitments and contingencies




Stockholder's equity:




Preferred stock


Common stock

127


126

Treasury stock

(6,479)


(6,479)

Additional paid-in-capital

861,023


860,071

Accumulated deficit

(590,392)


(578,513)

Accumulated other comprehensive loss

(17,167)


(19,320)

Total stockholders' equity

247,112


255,885

Total liabilities and stockholders' equity

$                  590,857


$                  535,223

 

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

 

To supplement the consolidated financial statements presented in accordance with accounting principles generally accepted in the United States (GAAP), we provide additional measures of gross margin, research and development expenses, selling and administrative expenses, operating income, provision for or benefit from income taxes, net income, net income per share, and adjusted income before interest, tax, depreciation and amortization (Adjusted EBITDA), in each case, adjusted to exclude certain costs, charges, gains and losses, as set forth below. We believe that these non-GAAP financial measures, when considered together with the GAAP financial measures provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionate positive or negative impact on results in any particular period. We also believe these non-GAAP measures enhance the ability of investors to analyze trends in our business and to understand our performance. In addition, we may utilize non-GAAP financial measures as a guide in our forecasting, budgeting and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follow.


1We have not reconciled Adjusted EBITDA guidance to its corresponding GAAP measure due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to merger and acquisition costs and share-based compensation. In particular, share-based compensation expense is affected by future hiring, turnover, and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted EBITDA are not available without unreasonable effort.

 

Table 3

AVIAT NETWORKS, INC.

Fiscal Year 2025 First Quarter Summary

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (1)

Condensed Consolidated Statements of Operations

(Unaudited)

 


Three Months Ended


September 27,
2024


% of

Revenue


September 29,
2023


% of

Revenue


(In thousands, except percentages and per share amounts)

GAAP gross margin

$           19,788


22.4 %


$           31,195


35.9 %

Share-based compensation

104




183



Merger and acquisition and other expenses

608




43



Non-GAAP gross margin

20,500


23.2 %


31,421


36.2 %









GAAP research and development expenses

$           10,408


11.8 %


$             6,424


7.4 %

Share-based compensation

(143)




(146)



Non-GAAP research and development expenses

10,265


11.6 %


6,278


7.2 %









GAAP selling and administrative expenses

$           24,948


28.2 %


$           19,237


22.1 %

Share-based compensation

(1,417)




(1,505)



Merger and acquisition and other expenses

(3,781)




(146)



Non-GAAP selling and administrative expenses

19,750


22.3 %


17,586


20.2 %









GAAP operating (loss) income

$         (15,568)


(17.6) %


$             4,890


5.6 %

Share-based compensation

1,664




1,834



Merger and acquisition and other expenses

4,389




189



Restructuring charges




644



Non-GAAP operating (loss) income

(9,515)


(10.8) %


7,557


8.7 %









GAAP income tax (benefit) provision

$           (5,514)


(6.2) %


$                432


0.5 %

Adjustment to reflect pro forma tax rate

6,014




(132)



Non-GAAP income tax provision

500


0.6 %


300


0.3 %









GAAP net (loss) income

$         (11,879)


(13.4) %


$             3,557


4.1 %

Share-based compensation

1,664




1,834



Merger and acquisition and other expenses

4,389




189



Restructuring charges




644



Other expense, net

710




802



Adjustment to reflect pro forma tax rate

(6,014)




132



Non-GAAP net (loss) income

$         (11,130)


(12.6) %


$             7,158


8.2 %









Diluted net (loss) income per share:

GAAP

$             (0.94)




$               0.30



Non-GAAP

$             (0.87)




$               0.60











Shares used in computing diluted net (loss) income per share








GAAP

12,646




11,943



Non-GAAP

12,804




11,943











Adjusted EBITDA:








GAAP net (loss) income

$         (11,879)


(13.4) %


$             3,557


4.1 %

Depreciation and amortization of property, plant and equipment and intangible assets

1,830




1,344



Interest expense, net

1,115




99



Other expense, net

710




802



Share-based compensation

1,664




1,834



Merger and acquisition and other expenses

4,389




189



Restructuring charges




644



(Benefit from) provision for income taxes

(5,514)




432



Adjusted EBITDA

$           (7,685)


(8.7) %


$             8,901


10.2 %



(1)

The adjustments above reconcile our GAAP financial results to the non-GAAP financial measures used by us. Our non-GAAP net income excluded share-based compensation, and other non-recurring charges (recovery). Adjusted EBITDA was determined by excluding depreciation and amortization on property, plant and equipment, interest, provision for or benefit from income taxes, and non-GAAP pre-tax adjustments, as set forth above, from GAAP net income. We believe that the presentation of these non-GAAP items provides meaningful supplemental information to investors, when viewed in conjunction with, and not in lieu of, our GAAP results. However, the non-GAAP financial measures have not been prepared under a comprehensive set of accounting rules or principles. Non-GAAP information should not be considered in isolation from, or as a substitute for, information prepared in accordance with GAAP. Moreover, there are material limitations associated with the use of non-GAAP financial measures.

 

Table 4

AVIAT NETWORKS, INC. 

Fiscal Year 2025 First Quarter Summary

SUPPLEMENTAL SCHEDULE OF REVENUE BY GEOGRAPHICAL AREA

(Unaudited)

 


Three Months Ended


September 27,
2024


September 29,
2023

(In thousands)




North America

$                    42,225


$                    54,853

International:




Africa and the Middle East

10,450


9,954

Europe

5,600


5,252

Latin America and Asia Pacific

30,154


16,850

Total international

46,204


32,056

Total revenue

$                    88,429


$                    86,909

 

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SOURCE Aviat Networks, Inc.

FAQ

What was Aviat Networks (AVNW) revenue in Q1 fiscal 2025?

Aviat Networks reported total revenue of $88.4 million in Q1 fiscal 2025, representing a 1.7% increase year-over-year.

What was AVNW's earnings per share in Q1 fiscal 2025?

Aviat Networks reported a GAAP net loss per share of $(0.94) and non-GAAP net loss per share of $(0.87) in Q1 fiscal 2025.

What is Aviat Networks (AVNW) revenue guidance for fiscal 2025?

Aviat Networks provided fiscal 2025 revenue guidance between $430 million and $470 million.

How much was AVNW's North America revenue in Q1 fiscal 2025?

Aviat Networks' North America revenue was $42.2 million in Q1 fiscal 2025, decreasing 23% year-over-year.

Aviat Networks, Inc.

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191.88M
11.46M
9.73%
74.4%
3.78%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
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