secwatch.observer — SEC 8-K summary
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Issuer:     AeroVironment Inc (AVAV)
CIK:        0001368622
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001558370-23-002922
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023002922/0001558370-23-002922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023002922/avav-20230306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002922

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