AVIAT NETWORKS INC
For the period ended Dec 29, 2023. Filed Feb 6, 2024.
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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$15.86-17.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (In thousands, except share and par value amounts) | December 29,2023 | June 30,2023 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $45,914 | $22,242 |
| Accounts receivable, net of allowances of $1,167 and $719 | 149,919 | 101,653 |
| Unbilled receivables | 77,176 | 58,588 |
| Inventories | 66,784 | 33,057 |
| Other current assets | 27,168 | 22,164 |
| Total current assets | 366,961 | 237,704 |
| Property, plant and equipment, net | 9,441 | 9,452 |
| Goodwill | 5,653 | 5,112 |
| Intangible assets, net | 15,735 | 9,046 |
| Deferred income taxes | 86,108 | 86,650 |
| Right of use assets | 3,107 | 2,554 |
| Other assets | 13,102 | 13,978 |
| Total assets | $500,107 | $364,496 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $67,382 | $60,141 |
| Accrued expenses | 33,716 | 24,442 |
| Short-term lease liabilities | 777 | 610 |
| Advance payments and unearned revenue | 54,984 | 44,268 |
| Restructuring liabilities | 1,532 | 600 |
| Other current liabilities | 22,928 | — |
| Current portion of long-term debt | 2,395 | — |
| Total current liabilities | 183,714 | 130,061 |
| Long-term debt | 47,151 | — |
| Unearned revenue | 8,039 | 7,416 |
| Long-term lease liabilities | 2,518 | 2,140 |
| Other long-term liabilities | 391 | 314 |
| Reserve for uncertain tax positions | 3,866 | 3,975 |
| Deferred income taxes | 492 | 492 |
| Total liabilities | 246,171 | 144,398 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 50.0 million shares authorized, none issued | — | — |
| Common stock, $0.01 par value, 300.0 million shares authorized, 12.5 million shares issued and outstanding at December 29, 2023; 11.5 million shares issued and outstanding at June 30, 2023 | 125 | 115 |
| Treasury stock | (6,479) | (6,147) |
| Additional paid-in-capital | 856,735 | 830,048 |
| Accumulated deficit | (581,019) | (587,914) |
| Accumulated other comprehensive loss | (15,426) | (16,004) |
| Total stockholders’ equity | 253,936 | 220,098 |
| Total liabilities and stockholders’ equity | $500,107 | $364,496 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.