secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001377789-24-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat files NEC transport business financials for six months ended Sep 30, 2023 and pro forma update
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- NEC wireless transport business had net revenues ¥11,660M (~$80M) and net revenues less direct expenses ¥668M (~$4.6M) for six months ended Sep 30, 2023.
- Pro forma combined revenue for Aviat + NEC business for six months ended Dec 29, 2023 is $267.6M; pro forma net income $9.7M ($0.78 basic EPS).
- Pro forma combined revenue for twelve months ended Jun 30, 2023 is $535.2M; pro forma net income $5.9M ($0.49 basic EPS).
- Acquisition consideration was $42.1M cash plus $23.4M in Aviat common stock; financing via term loan with SOFR + 2.50% margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000015/0001377789-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000015/avnw-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001377789-24-000015

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