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Jul 03, 2020
Aviat Q4 2020 Earnings Report
Aviat Networks reported Q4 2020 financial results, exceeding the top end of annual Adjusted EBITDA guidance.
Key Takeaways
Aviat Networks reported Q4 revenue of $62.7 million, a decrease of 2.5% compared to the previous year. The company achieved an annual Adjusted EBITDA of $13.5 million, exceeding the top end of its Adjusted EBITDA guidance.
Achieved an annual Adjusted EBITDA of $13.5 million, exceeding the top end of guidance.
Announced the addition of partners to expand reach and new customer wins.
Launched frequency assurance software (FAS) to improve network reliability.
Continued to execute on previously announced restructuring.
Revenue by Geographic Location
Forward Guidance
Aviat Networks expects both Adjusted EBITDA and revenue to grow compared to fiscal 2020. They also expect to see the benefits from their strategic focus including new products such as FAS, their focus on improved reach and adding new customers and their previously announced cost-savings initiatives. They are well-positioned for demand from 5G mobile, mission critical networks and rural broadband.
Positive Outlook
- Expecting both Adjusted EBITDA and revenue to grow compared to fiscal 2020
- Expect to see the benefits from our strategic focus
- Benefits from new products such as FAS
- Focus on improved reach and adding new customers
- Benefits from previously announced cost-savings initiatives
Historical Earnings Impact
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Avg. Return Before/After Earnings
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