Aviat networks announces fiscal 2023 second quarter and six month financial results; increases full year revenue and earnings guidance

Total revenue of $90.7 million; up 16.5% year-over-year adjusted ebitda of $12.9 million; up 27.4% compared to prior year austin, texas , feb. 1, 2023 /prnewswire/ -- aviat networks, inc. ("aviat networks," "aviat," or the "company"), (nasdaq: avnw), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2023 second quarter ended december 30, 2022. second quarter highlights company executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues and adjusted ebitda record non-gaap operating margin capitalized on the 5g upgrade cycle with the recently launched vendor agnostic multi-band solution continued growth in private networks with software, routers and private lte solutions integration of recent acquisition (redline communications, inc.) progressed ahead of plan and the company has begun to execute on cross-selling opportunities second quarter financial highlights total revenues: $90.7 million, +16.5% from same quarter last year gaap results: gross margin 35.5%; operating expenses $23.5 million; operating income $8.7 million; net income before tax $9.1 million non-gaap results: adjusted ebitda $12.9 million; gross margin 35.7%; operating expenses $21.0 million; operating income $11.4 million; net income $11.1 million; net income per share $0.94 net cash and marketable securities: $21.4 million; no loans outstanding at quarter-end fiscal 2023 second quarter and six months ended december 30, 2022 revenues the company reported total revenues of $90.7 million for its fiscal 2023 second quarter, compared to $77.9 million in the comparable fiscal 2022 period, an increase of $12.8 million or 16.5%.
AVNW Ratings Summary
AVNW Quant Ranking