AeroVironment Q3 revenue up 49% to $134.4M; backlog record $413.9M; raises FY guidance

AeroVironment Inc

2023-Q3 EPS reported -$0.63 revenue$354,495,000

Revenue $134.4M (+49% YoY); gross margin 34% (up from 24%); net loss $0.7M ($0.03 diluted loss).
Non-GAAP adjusted EBITDA $23M; non-GAAP EPS $0.33; record funded backlog $413.9M (+83% YoY).
Demand driven by Puma and Switchblade systems for Ukraine; backlog includes $413.9M funded orders.
FY2023 guidance raised: revenue $510-525M; non-GAAP EPS $1.13-1.33; GAAP EPS $0.01-0.21.

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 0.98

AeroVironment Inc reported the fiscal third quarter ended January 28, 2023 results: revenue $134.4 million, net income $(0.7) million, EPS $(0.03) per diluted share. Guidance raised.

Period: the fiscal third quarter ended January 28, 2023
Revenue: $134.4 million
Net income: $(0.7) million
EPS: $(0.03) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

multi-domain robotic systems, today reported financial results for the fiscal third quarter ended January 28, 2023. Third Quarter Highlights ● Third quarter revenue of $134.4 million, up 49% year-over-year ● Third quarter gross margin of $45.5 million, an increase of 112% year-over-year; gross margin percentage of 34% rose approximately 1,000 basis points ●

View on SEC.gov

Browse all earnings releases →

AeroVironment Inc filing history →

Source: SEC EDGAR

accession 0001558370-23-002922

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.