Aviat Networks Q2 revenue up 16.5% to $90.7M; raises FY23 guidance

AVIAT NETWORKS, INC.

2023-Q2 EPS reported $0.28 revenue$171,934,000

Total revenue $90.7M, +16.5% YoY; International revenue $38.6M, +44.1%.
Adjusted EBITDA $12.9M, +27.4% YoY; non-GAAP EPS $0.94 vs $0.71 prior year.
GAAP gross margin 35.5%, down 70 bps YoY; non-GAAP gross margin 35.7%.
Raised FY23 guidance: revenue $340-347M, Adjusted EBITDA $45.0-47.5M.
Cash and marketable securities $21.4M; no loans outstanding; Redline integration ahead of plan.

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 second quarter ended December 30, 2022 results: revenue $90.7 million, net income $6.0 million, EPS $0.51. Guidance raised.

Period: fiscal 2023 second quarter ended December 30, 2022
Revenue: $90.7 million
Net income: $6.0 million
EPS: $0.51
Guidance: raised
Result: reported results

Exact text from the filing

Aviat Networks Announces Fiscal 2023 Second Quarter and Six Month Financial Results; Increases Full Year Revenue and Earnings Guidance Total Revenue of $90.7 million; Up 16.5% Year-Over-Year Adjusted EBITDA of $12.9 million; Up 27.4% compared to Prior Year AUSTIN, Texas, February 1, 2023 -- Aviat Networks, Inc. (“Aviat Networks,” “Aviat,” or

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVIAT NETWORKS, INC. reported fiscal 2023 six-month period ended December 30, 2022 results: revenue $171.9 million, net income $3.3 million, EPS $0.28. Guidance raised.

Period: fiscal 2023 six-month period ended December 30, 2022
Revenue: $171.9 million
Net income: $3.3 million
EPS: $0.28
Guidance: raised
Result: reported results

Exact text from the filing

compared to $26.8 million in the comparable fiscal 2022 period, an increase of $11.8 million or 44.1%. For the six months ended December 30, 2022, revenue grew by 13.8% to $171.9 million, as compared to $151.0 million in the comparable fiscal 2022 period. North America revenue of $100.9 million decreased by $(1.1) million or (1.1)%, as compared to $102.0 million

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Source: SEC EDGAR

accession 0001377789-23-000003

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