secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001377789-24-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat files pro forma financials for NEC backhaul deal; combined rev $379M (9mo)
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- Pro forma revenue of $379.2M for nine months ended Mar 29, 2024, vs Aviat historical $294.2M.
- Pro forma net income $13.2M ($1.03 diluted EPS) for the nine-month period.
- Acquisition consideration: $42.1M cash + $23.4M stock; closed Nov 30, 2023.
- Inventory fair value step-up of $4.86M adds $1.0M to cost of revenues in the nine months.
- Financing adjustments reflect interest expense on $48.1M term loan at SOFR+2.50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000021/0001377789-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000021/avnw-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001377789-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer