Aviat Networks Q2 revenue up 4.8% to $95M; raises FY 2024 guidance

AVIAT NETWORKS, INC.

2024-Q2 EPS reported $0.57 revenue$182,602,000

GAAP gross margin 38.8%, up 330 bps YoY; non-GAAP gross margin also 38.8%.
Adjusted EBITDA $13.7M, up 6.5% YoY; non-GAAP EPS $0.97 vs $0.94 prior year.
Closed NEC wireless transport acquisition; integration ahead of plan.
Raises FY 2024 revenue guidance to $425-432M and Adj. EBITDA to $51-56M.
Cash $45.9M; debt net of cash $3.6M after funding acquisition.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AVIAT NETWORKS, INC. reported fiscal 2024 second quarter ended December 29, 2023 results: revenue Total Revenues: $95.0 million, net income Net Income $2.9 million, EPS $0.24.

Period: fiscal 2024 second quarter ended December 29, 2023
Revenue: Total Revenues: $95.0 million
Net income: Net Income $2.9 million
EPS: $0.24
Result: reported results

Exact text from the filing

Total Revenues: $95.0 million, up 4.8% from the same quarter last year

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Source: SEC EDGAR

accession 0001377789-24-000004

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