Business
Aviat Networks Announces Fiscal 2025 Second Quarter and Six Month Financial Results
Total Revenue of $118.2 million; Up 26.2% Year-Over-Year Operating Income of $8.0 million; Non-GAAP Operating income of $12.6 million Adjusted EBITDA of $14.8
About this update from Aviat Networks, Inc.
[{"type":"text","content":"Total Revenue of $118.2 million; Up 26.2% Year-Over-Year\nOperating Income of $8.0 million; Non-GAAP Operating income of $12.6 million\nAdjusted EBITDA of $14.8 million\nNon-GAAP Diluted Earnings per Share of $0.82\nAUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Aviat Networks, Inc. (\"Aviat Networks,\" \"Aviat,\" or the \"Company\"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 second quarter ended December 27, 2024.\n\n \n \n \n \n \n \n\n \nSecond Quarter Highlights\nCompleted 18th consecutive quarter of trailing twelve month revenue growthAchieved record quarterly adjusted EBITDA driven by healthy sales, margins, and disciplined cost managementReceived orders for Pasolink above $35 million in the quarter, continuing trend to $140 million in annual run-rate contribution from Pasolink acquisitionReduced net debt position by $10 million and repurchased 34,600 shares in the quarterSecond Quarter Financial Highlights\nTotal Revenues: $118.2 million, up 26.2% from the same quarter last yearGAAP Results: Gross Margin 34.6%; Operating Expenses $32.9 million; Operating Income $8.0 million; Net Income $4.5 million; Net Income per diluted share (\"Net Income per share\") $0.35Non-GAAP Results: Adjusted EBITDA $14.8 million; Gross Margin 35.3%; Operating Expenses $29.1 million; Operating Income $12.6 million; Net Income $10.5 million; Net Income per share $0.82Cash and cash equivalents: $52.6 millionNet debt: $22.3 millionFiscal 2025 Second Quarter and Six Months Ended December 27, 2024 \nRevenues\nThe Company reported total revenues of $118.2 million for its fiscal 2025 second quarter, compared to $93.7 million in the fiscal 2024 second quarter, an increase of $24.5 million or 26.2%. North America revenue of $58.0 million increased by $7.3 million or 14.5%, compared to $50.6 million in the prior year due strength in our private networks business. International revenue of $60.2 million increased by $17.2 million or 39.8%, compared to $43.1 million in the prior year. This growth was due to the addition from the Pasolink acquisition.\nFor the six months ended December 27, 2024, revenue increased 14.4% to $206.6 million, compared to $180.6 million in the same period of fiscal 2024.\nGross Margins\nIn the fiscal 2025 second quarter, the Company reported GAAP...