secwatch.observer — SEC 8-K summary
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Issuer:     AeroVironment Inc (AVAV)
CIK:        0001368622
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001558370-23-015455
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023015455/0001558370-23-015455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023015455/avav-20230905x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015455

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