Aviat Networks reported a successful Q2 2021 with total revenue of $70.5 million, a 26.0% increase year-over-year. Adjusted EBITDA reached $10.1 million, up $9.7 million year-over-year. The company secured key customer wins in Mobile 5G and Rural Broadband.
Company achieved highest reported quarterly revenues in more than five years and record Adjusted EBITDA margins.
Company maintains a solid balance sheet and liquidity position.
GAAP and non-GAAP operating expenses decreased by approximately 4.0% year-over-year due to cost savings and restructuring initiatives.
Company secured significant customer wins in Mobile 5G and Rural Broadband.
Aviat Networks is increasing full year fiscal 2021 Revenue guidance to $255 million - $265 million and Adjusted EBITDA Guidance to $28 million - $31 million.
Visualization of income flow from segment revenue to net income