AVIAT NETWORKS INC

For the period ended Dec 29, 2023. Filed Feb 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 29, 2023 · Filed Feb 6, 2024

AVNW$17.66+4.1%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended		Six Months Ended
(In thousands, except per share amounts)	December 29,2023	December 30,2022	December 29,2023	December 30,2022
Revenues:
Product sales	$66,392	$65,561	$125,937	$120,662
Services	28,644	25,122	56,665	51,272
Total revenues	95,036	90,683	182,602	171,934
Cost of revenues:
Product sales	37,671	40,569	73,984	75,822
Services	20,535	17,894	39,936	34,438
Total cost of revenues	58,206	58,463	113,920	110,260
Gross margin	36,830	32,220	68,682	61,674
Operating expenses:
Research and development	8,394	6,047	14,818	12,134
Selling and administrative	21,442	16,567	40,679	34,071
Restructuring charges	2,000	928	2,644	2,878
Total operating expenses	31,836	23,542	58,141	49,083
Operating income	4,994	8,678	10,541	12,591
Other (income) expense, net	(243)	(460)	658	2,322
Income before income taxes	5,237	9,138	9,883	10,269
Provision for income taxes	2,347	3,092	2,988	6,969
Net income	$2,890	$6,046	$6,895	$3,300
Net income per share of common stock outstanding:
Basic	$0.24	$0.53	$0.59	$0.29
Diluted	$0.24	$0.51	$0.57	$0.28
Weighted-average shares outstanding:
Basic	12,001	11,347	11,788	11,273
Diluted	12,229	11,805	12,093	11,795

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.