Business
Aviat Networks Announces Fiscal 2022 Fourth Quarter and Twelve Months Financial Results
Total Q4 Revenue of $77.4 million; Up 8.0% Year-over-YearQ4 GAAP Operating Income of $5.2 million; Up 40.4% Year-over-YearQ4 Adjusted EBITDA of $9.1 million;
About this update from Aviat Networks, Inc.
[{"type":"text","content":"Total Q4 Revenue of $77.4 million; Up 8.0% Year-over-YearQ4 GAAP Operating Income of $5.2 million; Up 40.4% Year-over-YearQ4 Adjusted EBITDA of $9.1 million; Up 31.1% compared to Prior Year\nAUSTIN, Texas, Aug. 23, 2022 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), (\"Aviat Networks,\" \"Aviat,\" or the \"Company\"), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2022 fourth quarter and twelve months ended July 1, 2022. These results do not include the financial results of Redline Communications Group Inc., whose acquisition by Aviat was completed on July 5, 2022, in Aviat's fiscal 2023 first quarter.\n\n \n \n \n \n \n \n\n \nFourth Quarter Highlights\nCompany executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues and Adjusted EBITDAHighest bookings quarter in seven years, and the highest in North America in over a decadeHighest bookings quarter for multi-band to date, with 60% coming from the EMEA regionHighest bookings quarter for management software since the Company's inception, including the first SaaS-based Health Assurance Software sale with a large U.S. state governmentAnnounced collaboration with MaxLinear on next generation System on Chip:the most advanced technology Modem for wireless transport in developmentFourth Quarter Financial Highlights\nTotal Revenues: $77.4 million, +8.0% from the same quarter last yearNorth America: $48.8 million, + 5.1% from the same quarter last yearInternational: $28.6 million, +13.3% from the same quarter last yearGAAP Results: Gross Margin 35.5%; Operating Expenses $22.2 million; Operating Income $5.2 million; Net Income $4.5 million; Net Income per diluted share ('Net Income per share\") $0.39Non-GAAP Results: Adjusted EBITDA $9.1 million; Gross Margin 35.7%; Operating Expenses $19.5 million; Operating Income $8.1 million; Net Income $7.8 million; Net Income per share $0.67Net Cash and Marketable securities: $47.8 million; no loans outstanding at quarter-endBuy Back: Repurchased $0.75 million of stock in the quarterFull Year Financial Highlights\nTotal Revenues: $303.0 million, +10.2% from the prior yearNorth America: $199.8 million, +9.1% from the prior yearInternational: $103.2 million, +12.3% from the prior yearGAAP Results: Gross Margin 36.1%; Operating Expenses...