AVIAT NETWORKS INC
For the period ended Sep 27, 2024. Filed Nov 5, 2024.
View on SEC.govAbout 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.
Sep 27, 2024 · Filed Nov 5, 2024
AVNW$17.66+4.1%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | ||
|---|---|---|
| (In thousands, except per share amounts) | September 27,2024 | September 29,2023 |
| Revenues: | ||
| Product sales | $61,116 | $59,545 |
| Services | 27,313 | 27,364 |
| Total revenues | 88,429 | 86,909 |
| Cost of revenues: | ||
| Product sales | 52,201 | 36,313 |
| Services | 16,440 | 19,401 |
| Total cost of revenues | 68,641 | 55,714 |
| Gross margin | 19,788 | 31,195 |
| Operating expenses: | ||
| Research and development | 10,408 | 6,424 |
| Selling and administrative | 24,948 | 19,237 |
| Restructuring charges | — | 644 |
| Total operating expenses | 35,356 | 26,305 |
| Operating (loss) income | (15,568) | 4,890 |
| Interest expense, net | 1,115 | 99 |
| Other expense, net | 710 | 802 |
| (Loss) income before income taxes | (17,393) | 3,989 |
| (Benefit from) provision for income taxes | (5,514) | 432 |
| Net (loss) income | $(11,879) | $3,557 |
| Net (loss) income per share of common stock outstanding: | ||
| Basic | $(0.94) | $0.31 |
| Diluted | $(0.94) | $0.30 |
| Weighted-average shares outstanding: | ||
| Basic | 12,646 | 11,574 |
| Diluted | 12,646 | 11,943 |
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