secwatch.observer — SEC 8-K summary
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Issuer:     AeroVironment Inc (AVAV)
CIK:        0001368622
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001558370-23-019476
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023019476/0001558370-23-019476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1368622/000155837023019476/avav-20231205x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019476

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