AeroVironment Q1 2022 Earnings Report
Key Takeaways
AeroVironment reported a 16% year-over-year increase in first quarter revenue to $101 million. The company's diluted loss per share was $0.57, and non-GAAP diluted loss per share was $0.17. The company also achieved a record funded backlog of $257.7 million.
First quarter revenue of $101 million increased 16% year-over-year
Diluted loss per share of $0.57 and non-GAAP diluted loss per share of $0.17
Record funded backlog of $257.7 million
Successfully integrated three recently acquired businesses
AeroVironment
AeroVironment
Forward Guidance
For fiscal year 2022 the Company continues to expect revenue of between $560 million and $580 million, net income of between $29 million and $34 million, Non-GAAP adjusted EBITDA of between $105 million and $110 million, earnings per diluted share of between $1.15 and $1.35 and non-GAAP earnings per diluted share, which excludes acquisition-related expenses and amortization of intangible assets, of between $2.50 and $2.70.