AVIAT NETWORKS INC

For the period ended Jun 28, 2024. Filed Oct 4, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Oct 4, 2024

AVNW$19.13+8.3%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Fiscal Year Ended
(In thousands, except per share amounts)	June 28, 2024	June 30, 2023	July 1, 2022
Revenues:
Product sales	$274,205	$238,579	$208,100
Services	133,878	105,854	94,859
Total revenues	408,083	344,433	302,959
Cost of revenues:
Product sales	171,783	150,637	132,404
Services	91,568	71,414	61,320
Total cost of revenues	263,351	222,051	193,724
Gross margin	144,732	122,382	109,235
Operating expenses:
Research and development	36,426	24,908	22,596
Selling and administrative	85,038	69,842	57,656
Restructuring charges	3,867	3,012	238
Total operating expenses	125,331	97,762	80,490
Operating income	19,401	24,620	28,745
Interest expense (income), net	2,337	532	(157)
Other expense (income), net	158	2,774	(1,533)
Income before income taxes	16,906	21,314	30,435
Provision for income taxes	6,146	11,145	9,275
Net income	$10,760	$10,169	$21,160
Net income attributable to Aviat Networks	$10,760	$10,169	$21,160
Net income per share of common stock outstanding:
Basic	$0.88	$0.90	$1.89
Diluted	$0.86	$0.86	$1.79
Weighted average shares outstanding:
Basic	12,182	11,358	11,167
Diluted	12,456	11,855	11,820

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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.