AVIAT NETWORKS INC

For the period ended Mar 29, 2024. Filed May 1, 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.

Mar 29, 2024 · Filed May 1, 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		Nine Months Ended
(In thousands, except per share amounts)	March 29,2024	March 31,2023	March 29,2024	March 31,2023
Revenues:
Product sales	$70,857	$54,811	$196,794	$175,473
Services	40,756	28,669	97,421	79,941
Total revenues	111,613	83,480	294,215	255,414
Cost of revenues:
Product sales	47,791	35,745	121,775	111,567
Services	27,288	17,902	67,224	52,340
Total cost of revenues	75,079	53,647	188,999	163,907
Gross margin	36,534	29,833	105,216	91,507
Operating expenses:
Research and development	10,623	6,518	25,441	18,652
Selling and administrative	21,300	15,842	61,979	49,913
Restructuring (recovery) charges	(417)	(23)	2,227	2,855
Total operating expenses	31,506	22,337	89,647	71,420
Operating income	5,028	7,496	15,569	20,087
Interest expense, net	928	122	1,421	210
Other expense, net	63	306	228	2,540
Income before income taxes	4,037	7,068	13,920	17,337
Provision for income taxes	619	2,179	3,607	9,148
Net income	$3,418	$4,889	$10,313	$8,189
Net income per share of common stock outstanding:
Basic	$0.27	$0.43	$0.86	$0.72
Diluted	$0.27	$0.41	$0.84	$0.69
Weighted-average shares outstanding:
Basic	12,555	11,413	12,043	11,319
Diluted	12,779	11,884	12,325	11,829

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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.