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Oct 01, 2021
Aviat Q1 2022 Earnings Report
Aviat reported a successful first quarter with increased revenues and Adjusted EBITDA.
Key Takeaways
Aviat Networks reported a 10.4% year-over-year increase in total revenue, reaching $73.2 million, and a 14.4% year-over-year increase in Adjusted EBITDA, amounting to $9.6 million. The company continues to execute its long-term strategic objectives, focusing on sales growth, margin expansion, and bottom-line improvements. They are well-positioned for growth in the rural broadband segment.
Total revenue increased by 10.4% year-over-year to $73.2 million.
Adjusted EBITDA increased by 14.4% year-over-year to $9.6 million.
North America revenue increased by 12.0% year-over-year to $50.9 million.
The company launched high availability routing software to lower the cost of mission critical router platforms.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The information contained in this document includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, without limitation, Aviat’s beliefs and expectations regarding business conditions, new product solutions, customer positioning, revenue, future orders, bookings, new contracts, cost structure, operating income, profitability in fiscal 2022, process improvements, realignment plans and review of strategic alternatives.
Positive Outlook
- Beliefs and expectations regarding business conditions
- Expectations regarding new product solutions
- Expectations regarding customer positioning
- Expectations regarding revenue
- Expectations regarding future orders
Challenges Ahead
- Impact of COVID-19 on business, operations and cash flows
- Continued price and margin erosion as a result of increased competition in the microwave transmission industry
- Impact of the volume, timing, and customer, product, and geographic mix of product orders
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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