Welcome to our dedicated page for Aviat Networks news (Ticker: AVNW), a resource for investors and traders seeking the latest updates and insights on Aviat Networks stock.
Aviat Networks Inc (NASDAQ: AVNW), a global leader in microwave networking and wireless transport solutions, maintains this dedicated news hub for investors and industry professionals. Access timely updates on corporate developments, technological innovations, and strategic initiatives that power mission-critical communications worldwide.
This resource consolidates official press releases and verified news coverage related to AVNW's operations across 170+ countries. Users will find updates on network infrastructure deployments, regulatory compliance achievements, and partnership announcements within the wireless transport sector.
The page features categorized updates including quarterly financial results, product launch announcements, and strategic acquisition details. Additional coverage spans technology certifications, public safety network upgrades, and industrial wireless access developments.
Bookmark this page for streamlined access to AVNW's latest advancements in microwave radio systems, network management software, and specialized solutions for government and defense applications. Check regularly for updates shaping the future of secure, high-capacity wireless communications.
Aviat Networks (NASDAQ: AVNW) has scheduled its fiscal 2025 first quarter financial results announcement for November 5, 2024, after market close. The company will host an earnings conference call and webcast at 4:30 p.m. ET on the same day. President and CEO Pete Smith and CFO Michael Connaway will lead the call. Investors can access the conference through Aviat's investor relations website or via telephone after registering online. A replay will be available on the company's investor relations website after the call.
Aviat Networks (NASDAQ: AVNW) reported its fiscal 2024 fourth quarter and full-year financial results. Q4 highlights include:
- Total revenue of $116.7 million, up 28.1% year-over-year
- Adjusted EBITDA of $11.9 million
- Cash from operations of $8.3 million
Full-year highlights include:
- Total revenue of $408.1 million, up 18.5% from last year
- Adjusted EBITDA of $48.1 million
- GAAP net income of $10.8 million, or $0.86 per diluted share
The company achieved its 4th consecutive fiscal year of growth in both revenue and Adjusted EBITDA. Aviat also provided fiscal 2025 guidance, projecting revenue between $450-$490 million and Adjusted EBITDA between $46-$52 million.
Aviat Networks (NASDAQ: AVNW) has announced a delay in filing its Form 10-K for fiscal year 2024, citing the need for additional time to finalize its assessment of internal control over financial reporting. The company has identified material weaknesses in its internal controls and is implementing measures to address them. Aviat also disclosed potential errors in previously reported financial information for fiscal years 2024 and 2023, which are under evaluation.
Preliminary estimates for FY2024 show:
- Revenue between $400-$409 million (up from $347 million in FY2023)
- Operating income between $15-$20 million (down from $26 million in FY2023)
- Net income between $8-$12 million (down from $12 million in FY2023)
- Cash and cash equivalents of approximately $65 million (up from $22 million in FY2023)
- Total outstanding debt of approximately $48 million (up from $0 in FY2023)
Aviat Networks, the leading expert in wireless transport and access solutions, has acquired 4RF, a top provider of industrial wireless access solutions. The acquisition broadens Aviat's reach into the $200M narrowband connectivity segment and the $1.4B Cellular (LTE/5G) Router market, expected to grow to $2.5B by 2027.
4RF's products, designed for critical infrastructure like utilities, oil, gas, public safety, and military, will augment Aviat's portfolio, opening new cross-selling opportunities with over 300 critical infrastructure customers in 160 countries. This deal is predicted to positively impact Aviat's gross margin, adjusted EBITDA, and non-GAAP EPS within the first year. Financial terms of the acquisition remain undisclosed.
Aviat Networks has appointed Michael C. Connaway as Senior Vice President and Chief Financial Officer, effective May 28, 2024. Connaway brings over 20 years of financial leadership experience, including significant roles at Honeywell and General Electric. He has successfully managed profit and loss statements ranging from $2.5 to $7 billion. Peter A. Smith, CEO of Aviat Networks, highlighted Connaway's diverse experience across multiple industries and his ability to drive value for stakeholders. Connaway replaces David Gray, who has contributed to Aviat's growth over the past three years. Aviat Networks aims to leverage Connaway's expertise to scale its growth and enhance its competitive position.
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.
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