Aviat networks announces fiscal 2025 first quarter and three month financial results

Total revenue of $88.4 million; up 1.7% year-over-year adjusted ebitda of $(7.7) million non-gaap diluted earnings per share of $(0.87) austin, texas , nov. 5, 2024 /prnewswire/ -- aviat networks, inc. ("aviat networks," "aviat," or the "company"), (nasdaq: avnw), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 first quarter ended september 27, 2024. first quarter highlights continued to gain share of demand in north america based on fcc filing data closed acquisition of 4rf and secured first order for new aprisa 5g cellular router to a north american utility company began shipping product to recently won state-wide private network customer on the east coast first quarter financial highlights total revenues: $88.4 million, up 1.7% from the same quarter last year gaap results: gross margin 22.4%; operating expenses $35.4 million; operating loss $(15.6) million; net loss $(11.9) million; net loss per diluted share ("net loss per share") $(0.94) non-gaap results: adjusted ebitda $(7.7) million; gross margin 23.2%; operating expenses $30.0 million; operating loss $(9.5) million; net loss $(11.1) million; net loss per share $(0.87) net cash and cash equivalents: $51.0 million; cash net of debt: $(32.3) million fiscal 2025 first quarter and three months ended september 27, 2024 revenues the company reported total revenues of $88.4 million for its fiscal 2025 first quarter, compared to $86.9 million in the fiscal 2024 first quarter, an increase of $1.5 million or 1.7%.
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