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Jun 28, 2024
Aviat Q4 2024 Earnings Report
Aviat reported strong Q4 2024 results with significant revenue growth and strategic acquisition benefits.
Key Takeaways
Aviat Networks reported a 28.1% year-over-year increase in Q4 revenue, reaching $116.7 million. The Pasolink acquisition contributed positively to Adjusted EBITDA and non-GAAP net income. The company secured a statewide win with a new public safety customer and achieved its fourth consecutive fiscal year of revenue and Adjusted EBITDA growth.
Total revenue increased by 28.1% year-over-year to $116.7 million.
GAAP net income was $1.5 million, with a net income per share of $0.12.
Non-GAAP net income reached $9.2 million, resulting in a net income per share of $0.72.
Adjusted EBITDA was $11.9 million.
Aviat
Aviat
Aviat Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
The Company established its fiscal 2025 full year revenue and Adjusted EBITDA guidance as follows:
Positive Outlook
- Full year Revenue between $450 and $490 million
- Full year Adjusted EBITDA between $46.0 and $52.0 million
Challenges Ahead
- Aviat has identified certain material weaknesses in its internal control over financial reporting for the 2024 fiscal year.
- The Company has initiated and will continue to implement measures designed to improve its internal control over financial reporting to remediate these material weaknesses with oversight from the Audit Committee of the Board of Directors and assistance from its external advisors.