Aviat Networks Files 10-Q for Q2 2025
Ticker: AVNW · Form: 10-Q · Filed: Nov 5, 2024 · CIK: 1377789
| Field | Detail |
|---|---|
| Company | Aviat Networks, Inc. (AVNW) |
| Form Type | 10-Q |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Aviat Networks 10-Q filed: Q2 2025 financials out, check for performance details.
AI Summary
Aviat Networks, Inc. filed its 10-Q for the period ending September 27, 2024. The filing covers financial performance and operational details for the company. Specific financial figures and operational segments are detailed within the report, providing insight into the company's current standing.
Why It Matters
This 10-Q filing provides crucial financial and operational data for Aviat Networks, Inc., allowing investors and analysts to assess the company's performance and make informed decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's stock.
Key Players & Entities
- AVIAT NETWORKS, INC. (company) — Filer
- 20240927 (date) — Period of Report
- 20241105 (date) — Filed as of Date
- 0001377789-24-000058 (filing_id) — Accession Number
FAQ
What is the reporting period for this 10-Q filing?
The conforming period of report is 20240927.
When was this 10-Q filed?
This 10-Q was filed as of date 20241105.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001377789.
What is the Standard Industrial Classification (SIC) code for Aviat Networks, Inc.?
The SIC code is 3663, categorized under RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.
What is the company's state of incorporation?
The state of incorporation is DE.
Filing Stats: 4,559 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2024-11-05 16:08:44
Filing Documents
- avnw-20240927.htm (10-Q) — 918KB
- fy25q1avnwform10-qex311.htm (EX-31.1) — 11KB
- fy25q1avnwform10-qex312.htm (EX-31.2) — 11KB
- fy25q1avnwform10-qex321.htm (EX-32.1) — 7KB
- 0001377789-24-000058.txt ( ) — 6963KB
- avnw-20240927.xsd (EX-101.SCH) — 52KB
- avnw-20240927_cal.xml (EX-101.CAL) — 91KB
- avnw-20240927_def.xml (EX-101.DEF) — 268KB
- avnw-20240927_lab.xml (EX-101.LAB) — 638KB
- avnw-20240927_pre.xml (EX-101.PRE) — 486KB
- avnw-20240927_htm.xml (XML) — 910KB
Financial Information
Part I. Financial Information 3
Financial Statements
Item 1. Financial Statements 3 Condensed Consolidated Statements of Operations (Unaudited) 3 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 4 Condensed Consolidated Balance Sheets (Unaudited) 5 Condensed Consolidated Statements of Cash Flows (Unaudited) 6 Condensed Consolidated Statements of Equity (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 29
Controls and Procedures
Item 4. Controls and Procedures 30
Other Information
Part II. Other Information 31
Legal Proceedings
Item 1. Legal Proceedings 31
Risk Factors
Item 1A. Risk Factors 31
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31
Defaults upon Senior Securities
Item 3. Defaults upon Senior Securities 31
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 31
Other Information
Item 5. Other Information 31
Exhibits
Item 6. Exhibits 32
Signatures
Signatures 33 Exhibit Index 33 2
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements AVIAT NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) 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 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 3 AVIAT NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) Three Months Ended (In thousands) September 27, 2024 September 29, 2023 Net (loss) income $ ( 11,879 ) $ 3,557 Other comprehensive income: Net change in cumulative translation adjustments 2,153 33 Other comprehensive income 2,153 33 Comprehensive (loss) income $ ( 9,726 ) $ 3,590 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 4 AVIAT NETWORKS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share and par value amounts) September 27, 2024 June 28, 2024 ASSETS Current Assets: Cash and cash equivalents $ 51,034 $ 64,622 Accounts receivable, net of allowances of $ 2,190 and $ 1,854 169,002 158,013 Unbilled receivables 94,725 90,525 Inventories 79,559 6