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Jul 02, 2021
Aviat Q4 2021 Earnings Report
Aviat Networks' financial performance increased year-over-year, driven by strategic execution and market demand.
Key Takeaways
Aviat Networks reported a successful Q4 and fiscal year 2021, with revenue reaching $71.7 million, a 14.4% increase year-over-year. The company's adjusted EBITDA was $7.0 million, up $1.4 million year-over-year. Wins with Dish Network and increased share in Rural Broadband contributed to the positive results.
Total revenue for Q4 2021 was $71.7 million, a 14.4% increase year-over-year.
North America revenue increased by 21.4% year-over-year, reaching $46.4 million.
Adjusted EBITDA for Q4 2021 was $7.0 million, up $1.4 million year-over-year.
The company reported GAAP net income of $2.8 million, or $0.24 per share.
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.comLatin America and Asia Pacific Revenue
CapyFin.com Forward Guidance
Aviat Networks anticipates revenues for fiscal year 2022 to be in the range of $283 million to $293 million, and adjusted EBITDA to be in the range of $35 million to $38 million. This outlook is based on the current supply chain environment.
Positive Outlook
- Revenues for fiscal 2022 are anticipated to be in the range of $283 million to $293 million.
- Adjusted EBITDA for fiscal 2022 is expected to be in the range of $35 million to $38 million.
Challenges Ahead
- The financial outlook is based on the current supply chain environment.
- Uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business
- The impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships
- Our ability to implement our stock repurchase program or that it will enhance long-term stockholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income