Aerovironment announces fiscal 2024 first quarter results

Arlington, va.--(business wire)---- $avav--aerovironment, inc. (“aerovironment” or the “company”) reported today financial results for the fiscal first quarter ended july 29, 2023. first quarter highlights: first quarter revenue of $152.3 million, up 40% year-over-year first quarter net income of $21.9 million and adjusted ebitda of $37 million, an increase of 361% and 185%, respectively record funded backlog of $539.7 million as of july 29, 2023, an increase of 27% from prior quarter raising revenue and.
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