Aviat Networks Files Q2 FY25 10-Q
Ticker: AVNW · Form: 10-Q · Filed: Feb 4, 2025 · CIK: 1377789
| Field | Detail |
|---|---|
| Company | Aviat Networks, Inc. (AVNW) |
| Form Type | 10-Q |
| Filed Date | Feb 4, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Aviat Networks dropped its Q2 FY25 10-Q. Check financials.
AI Summary
Aviat Networks, Inc. filed its 10-Q for the period ending December 27, 2024. The company reported financial results for its second quarter of fiscal year 2025. Key financial data and operational details for this period are detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Aviat Networks, crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Players & Entities
- AVIAT NETWORKS, INC. (company) — Filer of the 10-Q
- 20241227 (date) — End of the reporting period
- 20250204 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is December 27, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 4, 2025.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001377789.
What is the Standard Industrial Classification (SIC) code for Aviat Networks?
The SIC code for Aviat Networks is 3663, which corresponds to RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.
What is the fiscal year end for Aviat Networks?
The fiscal year end for Aviat Networks is June 30.
Filing Stats: 4,698 words · 19 min read · ~16 pages · Grade level 16.6 · Accepted 2025-02-04 16:13:19
Filing Documents
- avnw-20241227.htm (10-Q) — 1388KB
- fy25q2avnwform10-qex311.htm (EX-31.1) — 11KB
- fy25q2avnwform10-qex312.htm (EX-31.2) — 11KB
- fy25q2avnwform10-qex321.htm (EX-32.1) — 7KB
- 0001377789-25-000007.txt ( ) — 8343KB
- avnw-20241227.xsd (EX-101.SCH) — 51KB
- avnw-20241227_cal.xml (EX-101.CAL) — 96KB
- avnw-20241227_def.xml (EX-101.DEF) — 272KB
- avnw-20241227_lab.xml (EX-101.LAB) — 653KB
- avnw-20241227_pre.xml (EX-101.PRE) — 498KB
- avnw-20241227_htm.xml (XML) — 1341KB
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) 9
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 26
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 31
Controls and Procedures
Item 4. Controls and Procedures 32
Other Information
Part II. Other Information 33
Legal Proceedings
Item 1. Legal Proceedings 33
Risk Factors
Item 1A. Risk Factors 33
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33
Defaults upon Senior Securities
Item 3. Defaults upon Senior Securities 33
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 33
Other Information
Item 5. Other Information 34
Exhibits
Item 6. Exhibits 35
Signatures
Signatures 36 Exhibit Index 36 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 Six Months Ended (In thousands, except per share amounts) December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Revenues: Product sales $ 82,312 $ 65,021 $ 143,428 $ 124,566 Services 35,885 28,671 63,198 56,035 Total revenues 118,197 93,692 206,626 180,601 Cost of revenues: Product sales 54,969 36,893 107,170 73,206 Services 22,342 20,472 38,782 39,873 Total cost of revenues 77,311 57,365 145,952 113,079 Gross margin 40,886 36,327 60,674 67,522 Operating expenses: Research and development 10,222 8,394 20,630 14,818 Selling and administrative 21,279 22,544 46,227 41,781 Restructuring charges 1,415 2,000 1,415 2,644 Total operating expenses 32,916 32,938 68,272 59,243 Operating income (loss) 7,970 3,389 ( 7,598 ) 8,279 Interest expense, net 1,580 394 2,695 493 Other expense (income), net 269 ( 637 ) 979 165 Income (loss) before income taxes 6,121 3,632 ( 11,272 ) 7,621 Provision for (benefit from) income taxes 1,626 1,848 ( 3,888 ) 2,280 Net income (loss) $ 4,495 $ 1,784 $ ( 7,384 ) $ 5,341 Net income (loss) per share of common stock outstanding: Basic $ 0.35 $ 0.15 $ ( 0.58 ) $ 0.45 Diluted $ 0.35 $ 0.15 $ ( 0.58 ) $ 0.44 Weighted-average shares outstanding: Basic 12,689 12,001 12,667 11,788 Diluted 12,784 12,229 12,667 12,093 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 3 AVIAT NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) Three Months Ended Six Months Ended (In thousands) December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Net income (loss) $ 4,495 $ 1,784 $ ( 7,384 ) $ 5,341 Other comprehensive (loss) income: Net change in cumulative translation adjustments ( 3,416 ) 545 ( 1,263 ) 578 Other comprehensive (loss) income ( 3,416 ) 545 ( 1,263 ) 578 Comprehensive income (los