AeroVironment Q1 revenue $152.3M (+40% YoY); raises FY2024 guidance, backlog record $539.7M

AeroVironment Inc

2023-Q1 EPS reported $0.84 revenue$152,347,000

Revenue $152.3M (+40% YoY); net income $21.9M ($0.84 diluted EPS) vs loss of $8.4M prior year.
Adjusted EBITDA $37M (+185%); non-GAAP EPS $1.00 vs $(0.08) loss.
Funded backlog record $539.7M, up 27% from prior quarter, with $270M in new bookings.
Raises FY2024 guidance: revenue $645-675M, adjusted EBITDA $117-127M, non-GAAP EPS $2.30-2.60.
Tomahawk Robotics acquisition expected to close in Q2; adds Kinesis control solutions.

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 0.95

AeroVironment Inc reported the fiscal first quarter ended July 29, 2023 results: revenue $152.3 million, net income $21.9 million, EPS $0.84 per diluted share. Guidance raised.

Period: the fiscal first quarter ended July 29, 2023
Revenue: $152.3 million
Net income: $21.9 million
EPS: $0.84 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

(“AeroVironment” or the “Company”) reported today financial results for the fiscal first quarter ended July 29, 2023. First Quarter Highlights: ● First quarter revenue of $152.3 million, up 40% year-over-year ● First quarter net income of $21.9 million and Adjusted EBITDA of $37 million, an increase of 361% and 185%, respectively ● Record funded backlog of

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Source: SEC EDGAR

accession 0001558370-23-015455

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