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Oct 02, 2020
Aviat Q1 2021 Earnings Report
Aviat reported first quarter fiscal 2021 financial results with revenue up 13.1% year-over-year.
Key Takeaways
Aviat Networks reported a strong first quarter in fiscal year 2021, with total revenue of $66.3 million, a 13.1% increase year-over-year. The company experienced record profitability driven by improved sales, operational efficiencies, cost reductions, and an improved product mix. Adjusted EBITDA increased by 103% year-over-year to $8.4 million, and the company introduced fiscal year 2021 revenue guidance of $245 million to $255 million.
Total revenue reached $66.3 million, reflecting a 13.1% increase year-over-year.
Adjusted EBITDA was $8.4 million, up 103% year-over-year.
GAAP operating expenses decreased by 15.9%, and non-GAAP operating expenses decreased by 11.9% year-over-year due to cost savings and restructuring initiatives.
Net cash increased by $3.6 million from the prior sequential quarter, with no loan or other debt outstanding at quarter end.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Aviat Networks expects full year fiscal 2021 revenue of $245 million to $255 million and Adjusted EBITDA of $18 million to $22 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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