Aviat Networks Q1 fiscal 2023 revenue $81.3M (+11.1% YoY); GAAP net loss $(2.7)M

AVIAT NETWORKS, INC.

2023-Q1 EPS reported -$0.25 revenue$81,251,000

North America revenue $48.8M (-4.1% YoY); International revenue $32.4M (+45.8% YoY).
GAAP gross margin 36.3% (up 60 bps); non-GAAP gross margin 36.5%.
Adjusted EBITDA $10.7M (+11.3% YoY); non-GAAP EPS $0.75 vs $0.67 in prior year.
Cash & marketable securities $22.9M, down from $47.8M; no loans outstanding.
Closed Redline Communications acquisition; launched new multi-band and software solutions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVIAT NETWORKS, INC. reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $81.3 million, net income $8.8 million, EPS $0.75.

Period: fiscal 2023 first quarter ended September 30, 2022
Revenue: $81.3 million
Net income: $8.8 million
EPS: $0.75
Result: reported results

Exact text from the filing

First Quarter Financial Highlights • Total Revenues: $81.3 million, +11.1% from same quarter last year • GAAP Results: Gross Margin 36.3%; Operating Expenses $25.5 million; Operating Income $3.9 million; Net Income before tax $1.1 million • Non-GAAP Results: Adjusted EBITDA $10.7 million; Gross Margin 36.5%; Operating Expenses $20.4 million; Operating Income $9.2 million; Net Income $8.8 million; Net Income per share $0.75 • Net Cash and Marketable Securities: $22.9 million; no loans outstanding at quarter-end

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Source: SEC EDGAR

accession 0001377789-22-000150

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