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Jul 01, 2022
Aviat Q4 2022 Earnings Report
Aviat Networks reported an increase in Q4 revenue and operating income year-over-year, driven by strategic objectives and strong bookings.
Key Takeaways
Aviat Networks reported an 8.0% year-over-year increase in total Q4 revenue, reaching $77.4 million. GAAP operating income increased by 40.4% year-over-year to $5.2 million, and adjusted EBITDA increased by 31.1% to $9.1 million.
Company executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues and Adjusted EBITDA.
Highest bookings quarter in seven years, and the highest in North America in over a decade.
Highest bookings quarter for multi-band to date, with 60% coming from the EMEA region.
Highest bookings quarter for management software since the Company’s inception, including the first SaaS-based Health Assurance Software sale with a large U.S. state government.
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' forward-looking statements involve risks and uncertainties, cautioning against reliance on these statements. Factors like COVID-19, geopolitical issues, industry competition, supply chain constraints, inflation, and global economic conditions could materially affect actual results.
Positive Outlook
- Continued price and margin erosion in the microwave transmission industry
- The impact of the volume, timing, and customer, product, and geographic mix of our product orders
- The timing of our receipt of payment
- Our ability to meet product development dates or cost reductions of products
- Our suppliers’ inability to perform and deliver on time, component shortages, or other supply chain constraints
Challenges Ahead
- The effects of inflation
- The ability of our subcontractors to timely perform
- Weakness in the global economy affecting customer spending
- Retention of our key personnel
- Our failure to protect our intellectual property rights or defend against intellectual property infringement claims
Revenue & Expenses
Visualization of income flow from segment revenue to net income