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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.
Revenue by Segment
Revenue by Geographic Location
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
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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