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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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