Aviat Networks announced its fiscal 2022 third quarter results, reporting a 12.2% increase in total revenue to $74.5 million compared to the same quarter last year. GAAP income before tax increased by 75.5% year-over-year, and adjusted EBITDA rose by 29.2%. The company also launched Health Assurance Software (HAS) and secured a Quickline rural broadband win.
Executed on key long-term strategic objectives, leading to increased revenues and Adjusted EBITDA.
Launched Health Assurance Software (HAS) to optimize network performance and reliability.
Quickline rural broadband win validates the Company’s value proposition to international ISPs.
Repurchased $2.0 million of stock in the quarter.
Aviat Networks did not provide forward guidance in the Q3 2022 earnings report.
Visualization of income flow from segment revenue to net income