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Aviat Networks, a leader in wireless transport and access solutions, will participate in key investor conferences in May and June 2024. Investors can schedule meetings with the company representatives at the events. Presentations and materials will be accessible on the Investor Relations section of Aviat's website.
Aviat Networks reported strong financial results for the fiscal 2024 third quarter and nine months, with total revenue of $111.6 million, up 33.7% YoY. Adjusted EBITDA reached $12.0 million, up 11.1% YoY, and cash from operations was $15.3 million for the quarter and $22.2 million year-to-date. The company achieved growth in core revenue, secured new orders, and saw positive cash flow. Despite challenges in North America, international revenue surged by 79.6% due to acquisitions and strong performance in Latin America and Asia Pacific. Gross margins and operating expenses saw fluctuations, impacting operating income and net income. Aviat Networks remains optimistic about exceeding planned returns and providing wireless transport solutions.
