AeroVironment Q2 revenue $111.6M, net loss $6.7M; raises FY23 revenue guidance

AeroVironment Inc

2023-Q2 EPS reported -$0.61 revenue$220,100,000

Q2 revenue $111.6M, down 9% YoY; net loss $(0.27) per share vs $0.10 income last year.
Gross margin fell to 23% from 35% due to unfavorable mix and $4.5M accelerated depreciation.
Bookings $197.3M; funded backlog record $293.1M at Oct 29, $388.2M at Nov 26.
Raised FY23 revenue guidance to $505-525M; cut profitability outlook with GAAP EPS $0.33-$0.65.
Non-GAAP adjusted EBITDA $6.8M vs $21.9M; non-GAAP EPS $0 vs $0.78.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AeroVironment Inc reported fiscal year 2023 results: revenue between $505 million and $525 million, net income between $8 million and $17 million, EPS between $0.33 and $0.65. Guidance raised.

Period: fiscal year 2023
Revenue: between $505 million and $525 million
Net income: between $8 million and $17 million
EPS: between $0.33 and $0.65
Guidance: raised
Result: guidance update

Exact text from the filing

For the fiscal year 2023, the Company now expects revenue of between $505 million and $525 million, net income of between $8 million and $17 million, Non-GAAP adjusted EBITDA of between $84 million and $92 million, earnings per diluted share of between $0.33 and $0.65 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets and other non-cash purchase accounting expenses, of between $1.26 and $1.58.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AeroVironment Inc reported the fiscal second quarter ended October 29, 2022 results: revenue $111.6 million, net income $6.7 million, EPS $(0.27) per diluted share.

Period: the fiscal second quarter ended October 29, 2022
Revenue: $111.6 million
Net income: $6.7 million
EPS: $(0.27) per diluted share
Result: reported results

Exact text from the filing

Revenue for the second quarter of fiscal 2023 was $111.6 million, a decrease of 9% from the second quarter of fiscal 2022 revenue of $122.0 million.

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Source: SEC EDGAR

accession 0001558370-22-018403

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