AeroVironment Q4 revenue up 40% to $186M, $156M goodwill impairment drives net loss; FY2024 rev guidance $630-660M

AeroVironment Inc

2023-FY EPS reported -$7.04 revenue$540,536,000

Record Q4 revenue $186.0M (+40% YoY); full-year revenue $540.5M (+21% YoY).
Net loss of $(160.5)M ($(6.31)/diluted share) including $156M MUAS goodwill impairment.
Non-GAAP adjusted EBITDA ~$46M, non-GAAP EPS $0.99 vs. $0.12 in prior year.
Funded backlog record $424.1M as of April 30, 2023, up from $210.8M a year ago.
FY2024 guidance: revenue $630-660M, net income $50-58M, non-GAAP EPS $2.30-2.60.

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 fourth quarter and full year ended April 30, 2023 results: revenue $186.0 million, net income $(160.5) million, or $(6.31) per diluted share, EPS $(6.31) per diluted share. Guidance reaffirmed.

Period: fiscal fourth quarter and full year ended April 30, 2023
Revenue: $186.0 million
Net income: $(160.5) million, or $(6.31) per diluted share
EPS: $(6.31) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

fourth quarter and full year ended April 30, 2023. Fourth Quarter and Fiscal Year Highlights ● Record full fiscal year and fourth quarter revenue of $540.5 million and $186.0 million, up 21% and 40% over prior period, respectively ● Record funded backlog of $424.1 million as of April 30, 2023 ● Company on track for nearly 20% top line growth in fiscal year

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Source: SEC EDGAR

accession 0001558370-23-011458

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