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Sep 30, 2022
Aviat Q1 2023 Earnings Report
Aviat reported an increase in revenue and adjusted EBITDA, driven by strategic objectives and the acquisition of Redline Communications.
Key Takeaways
Aviat Networks reported a strong start to fiscal year 2023, with an 11.1% year-over-year increase in total revenue to $81.3 million. The company's GAAP gross margin improved to 36.3%, and adjusted EBITDA rose by 11.3% to $10.7 million. The acquisition of Redline Communications contributed to the positive results.
Company executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues, gross margins, and Adjusted EBITDA.
Closed first acquisition in over a decade (Redline Communications) and integration has progressed as planned.
Bharti Airtel win proves the Company’s differentiation in products and services for 5G, supply chain, and operating system.
Company launched its Vendor Agnostic Multi-Band solution which allows customers to cost-effectively add significant capacity to their network.
Aviat
Aviat
Aviat Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comAfrica and the Middle East Revenue
CapyFin.comEurope Revenue
CapyFin.comLatin America and Asia Pacific Revenue
CapyFin.com 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 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 2023, process improvements, realignment plans and review of strategic alternatives.
Positive Outlook
- Aviat's beliefs and expectations regarding business conditions
- Aviat's beliefs and expectations regarding new product solutions
- Aviat's beliefs and expectations regarding customer positioning
- Aviat's beliefs and expectations regarding revenue
- Aviat's beliefs and expectations regarding future orders
Challenges Ahead
- The impact of COVID-19
- Disruptions relating to the ongoing conflict between Russia and Ukraine
- Continued price and margin erosion in the microwave transmission industry
- The impact of the volume, timing, and customer, product, and geographic mix of our product orders
- The timing of our receipt of payment
Revenue & Expenses
Visualization of income flow from segment revenue to net income