Aviat Networks Q1 revenue $87.6M (+7.8% YoY); GAAP net income $4.0M vs loss

AVIAT NETWORKS, INC.

2024-Q1 EPS reported $0.34 revenue$87,566,000

GAAP operating income $5.5M, up 41.8% YoY; Adjusted EBITDA $12.1M, up 13.1%.
Record Q1 bookings in North America; North America revenue $55.5M (+13.6% YoY).
Cash on hand $35.5M, no debt outstanding; operating cash flow $14.0M.
Reaffirmed FY2024 guidance: revenue $367-374M, adjusted EBITDA $51-56M.
Non-GAAP net income $10.3M ($0.87 EPS) vs $8.8M ($0.75) prior year.

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 2024 first quarter ended September 29, 2023 results: revenue $87.6 million, net income $4.0 million, EPS $0.34. Guidance reaffirmed.

Period: fiscal 2024 first quarter ended September 29, 2023
Revenue: $87.6 million
Net income: $4.0 million
EPS: $0.34
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Aviat Networks Announces Fiscal 2024 First Quarter Financial Results Total Revenue of $87.6 million; Up 7.8% Year-Over-Year GAAP Operating Income of $5.5 million; Up 41.8% Year-Over-Year Adjusted EBITDA of $12.1 million; Up 13.1% Year-Over-Year Operating Cash Flows of $14.0 million

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Source: SEC EDGAR

accession 0001377789-23-000041

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