AVIAT NETWORKS INC
For the period ended Mar 28, 2025. Filed May 6, 2025.
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.
Mar 28, 2025 · Filed May 6, 2025
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 | Nine Months Ended | |||
|---|---|---|---|---|
| (In thousands, except per share amounts) | March 28,2025 | March 29,2024 | March 28,2025 | March 29,2024 |
| Revenues: | ||||
| Product sales | $76,824 | $70,844 | $220,252 | $195,410 |
| Services | 35,816 | 39,978 | 99,014 | 96,013 |
| Total revenues | 112,640 | 110,822 | 319,266 | 291,423 |
| Cost of revenues: | ||||
| Product sales | 51,370 | 47,783 | 158,540 | 120,989 |
| Services | 21,974 | 26,968 | 60,756 | 66,841 |
| Total cost of revenues | 73,344 | 74,751 | 219,296 | 187,830 |
| Gross margin | 39,296 | 36,071 | 99,970 | 103,593 |
| Operating expenses: | ||||
| Research and development | 7,704 | 10,623 | 28,334 | 25,441 |
| Selling and administrative | 22,121 | 20,198 | 68,348 | 61,979 |
| Restructuring charges (recovery) | 177 | (417) | 1,592 | 2,227 |
| Total operating expenses | 30,002 | 30,404 | 98,274 | 89,647 |
| Operating income | 9,294 | 5,667 | 1,696 | 13,946 |
| Interest expense, net | 1,557 | 928 | 4,252 | 1,421 |
| Other expense, net | 3,068 | 63 | 4,047 | 228 |
| Income (loss) before income taxes | 4,669 | 4,676 | (6,603) | 12,297 |
| Provision for (benefit from) income taxes | 1,141 | 806 | (2,747) | 3,086 |
| Net income (loss) | $3,528 | $3,870 | $(3,856) | $9,211 |
| Net income (loss) per share of common stock outstanding: | ||||
| Basic | $0.28 | $0.31 | $(0.30) | $0.76 |
| Diluted | $0.27 | $0.30 | $(0.30) | $0.75 |
| Weighted-average shares outstanding: | ||||
| Basic | 12,689 | 12,555 | 12,672 | 12,043 |
| Diluted | 12,838 | 12,779 | 12,672 | 12,325 |
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