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Sep 29, 2023
Aviat Q1 2024 Earnings Report
Reported revenue growth and increased profitability.
Key Takeaways
Aviat Networks reported a successful first quarter in fiscal year 2024, marked by revenue growth and increased profitability. Total revenue reached $87.6 million, a 7.8% increase year-over-year, driven by record bookings in North America. The company's GAAP operating income increased by 41.8% year-over-year, and adjusted EBITDA rose by 13.1%.
Executed on key long-term strategic objectives resulting in continued year-over-year growth in quarterly revenues, gross margins, net income and non-GAAP Adjusted EBITDA.
Strong cash generation in the quarter; cash on hand of $35.5 million versus $22.2 million last quarter
Record Q1 bookings in North America
Aviat reaffirms its fiscal 2024 full year revenue and Adjusted EBITDA guidance
Revenue by Geographic Location
Forward Guidance
The Company reaffirms its fiscal 2024 full year revenue and Adjusted EBITDA guidance as follows:
Positive Outlook
- Full year Revenue between $367 and $374 million
- Full year Adjusted EBITDA between $51.0 and $56.0 million
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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