Aviat networks announces fiscal 2023 fourth quarter and twelve months financial results

Total q4 revenue of $91.2 million; up 17.8% year-over-year q4 gaap operating income of $6.3 million; up 20.6% year-over-year q4 adjusted ebitda of $12.6 million; up 37.5% compared to prior year austin, texas , aug. 23, 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 fourth quarter and twelve months ended june 30, 2023. fourth quarter highlights executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues and adjusted ebitda introduced a new, ultra-high power indoor radio to provide more capacity, longer links and minimize interference risk for mission critical networks expanded aviat's network management software provision plus to support the wireless access portfolio acquired in the redline communications transaction announced transformational acquisition of nec's wireless transport business for $70.0 million fourth quarter financial highlights total revenues: $91.2 million, +17.8% from the same quarter last year north america: $55.1 million, +13.0% from the same quarter last year international: $36.0 million, +25.8% from the same quarter last year gaap results: gross margin 35.8%; operating expenses $26.3 million; operating income $6.3 million; net income $3.3 million; net income per diluted share ('net income per share") $0.28 non-gaap results: adjusted ebitda $12.6 million; gross margin 36.2%; operating expenses $22.0 million; operating income $11.0 million; net income $10.3 million; net income per share $0.87 net cash: $22.2 million; no loans outstanding at quarter-end full year financial highlights total revenues: $346.6 million, +14.4% from the prior year gaap results: gross margin 35.8%; operating expenses $97.8 million; operating income $26.4 million; net income $11.5 million; net income per share $0.97 non-gaap results: adjusted ebitda $47.0 million; gross margin 36.1%; operating expenses $84.1 million; operating income $40.8 million; net income $39.1 million; net income per share $3.30 "this quarter's strong performance concluded an exciting fiscal 2023 for aviat networks" said pete smith, president and chief executive officer of aviat networks.
AVNW Ratings Summary
AVNW Quant Ranking