secwatch.observer — SEC 8-K summary
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Issuer:     AeroVironment Inc (AVAV)
CIK:        0001368622
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001558370-22-018403
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/0001558370-22-018403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368622/000155837022018403/avav-20221206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018403

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