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Mar 29, 2024
Aviat Q3 2024 Earnings Report
Aviat Networks' financial performance increased, driven by strong international sales and the integration of the Pasolink business.
Key Takeaways
Aviat Networks reported a strong Q3 2024 with a 33.7% increase in total revenue year-over-year, reaching $111.6 million. The company's adjusted EBITDA also increased by 11.1% to $12.0 million. The growth was fueled by international sales and the acquisition of Pasolink.
Core Aviat revenue grew by 7% due to strong international sales and private network growth.
Aviat achieved its 15th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis.
The company generated positive free cash flow from both the core Aviat and Pasolink businesses.
Aviat secured its first India microwave backhaul radio orders, adding an addressable segment of $200 million.
Aviat
Aviat
Aviat Revenue by Segment
Aviat Revenue by Geographic Location
Revenue by Segment
Product Sales Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue 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
Aviat Networks updated its fiscal 2024 full year guidance with revenue between $408 and $418 million, while the Adjusted EBITDA range remains unchanged between $51.0 and $56.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income