AeroVironment Q2 revenue $180.8M (+62% YoY); raises FY24 guidance

AeroVironment Inc

2023-Q2 EPS reported $1.50 revenue$333,163,000

Revenue $180.8M, up 62% YoY; net income $17.8M ($0.66 EPS) vs loss of $6.7M (-$0.27) prior year.
Adjusted EBITDA $39.5M, up 481% YoY; non-GAAP EPS $0.97 vs $0.01.
Unmanned Systems revenue grew 115% YoY; gross margin expanded to 42% from 23%.
Funded backlog $487.0M as of Oct 28, 2023, up from $424.1M at Apr 30, 2023.
FY24 revenue guidance raised to $685-705M, including recently closed Tomahawk Robotics acquisition.

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 0.99

AeroVironment Inc reported fiscal second quarter ended October 28, 2023 results: revenue $180.8 million, net income $17.8 million, EPS $0.66 per diluted share. Guidance raised.

Period: fiscal second quarter ended October 28, 2023
Revenue: $180.8 million
Net income: $17.8 million
EPS: $0.66 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

or the “Company”) reported today financial results for the fiscal second quarter ended October 28, 2023. Second Quarter Highlights: ● Second quarter revenue of $180.8 million, up 62% year-over-year ● Second quarter net income of $17.8 million and Adjusted EBITDA of $39.5 million, increases of 366% and 481%, year-over-year, respectively ● Funded

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Source: SEC EDGAR

accession 0001558370-23-019476

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