Industry Overview - The drone industry is experiencing significant technological advancements and has seen multiple breakthroughs in applications and operations [1] - Drone surveying services have become increasingly popular across various sectors, including agriculture, mining, infrastructure, energy, and transportation [1] - The global drone surveying market is currently valued at approximately US$ 1,157.1 million and is projected to grow at a CAGR of 19.3%, reaching US$ 8,061.5 million by 2033 [2][1] - In 2022, the drone surveying market accounted for 21% of the total drone service market, with expectations for increased market share by the end of the forecast period [1] Company Developments - ZenaTech, Inc. has completed the acquisition of Weddle Surveying Inc., establishing a foundation for its Drone as a Service (DaaS) operations in the Northwest US [2][3] - The acquisition aims to enhance ZenaTech's capabilities in land surveying and wildfire management applications using drone swarm technology [2][3] - ZenaDrone's DaaS model allows businesses to utilize drone services without the need for purchasing hardware or obtaining pilot certifications [4] Technological Innovations - Drones equipped with sensors, LiDAR, and GPS can conduct land surveys much faster than traditional methods, reducing the time from weeks or months to just hours [5] - The integration of AI and quantum computing with drone technology is expected to improve predictive modeling for applications such as wildfire management [8][7] - ZenaDrone's ongoing projects include Sky Traffic, which aims to develop advanced traffic management and weather forecasting solutions using AI drones and quantum computing [7] Market Trends - The drone surveying industry is in its early growth stage, with many sectors yet to adopt drone technology, indicating potential for future expansion [2] - Venture capitalists and private equity firms are heavily investing in drone-related companies, anticipating the industry's transition into a multi-billion-dollar market [2] - Other companies in the drone sector, such as Draganfly Inc. and AeroVironment, are also making strides in healthcare logistics and defense applications, respectively [9][11]

Group 1: Industry Overview - Quantum computing and electric air taxi stocks are gaining attention in the tech sector as 2024 approaches its end, with drones expected to be a significant topic in 2025 [1] - Notable companies in the drone space include Red Cat Holdings Inc (RCAT), Kratos Defense & Security Solutions Inc (KTOS), and AeroVironment, Inc. (AVAV) [1] Group 2: Red Cat Holdings Inc (RCAT) - RCAT's stock is down 12.6% at $9.14 following larger-than-expected losses for the fiscal second quarter [2] - Prior to the recent decline, RCAT shares had surged due to a partnership with Palantir Technologies and several unexplained drone sightings, reaching an all-time high of $12.57 on December 2 [2] - The stock has increased by 940.9% in 2024 [2] Group 3: Kratos Defense & Security Solutions Inc (KTOS) - KTOS is down 3.3% at $27.35 but recently secured a $6.5 million contract with DARPA for flight testing related to hypersonic research [3] - The stock has a year-to-date increase of 35.5% and reached a three-year high of $28.71 [3] Group 4: AeroVironment, Inc. (AVAV) - AVAV's stock is down 3.7% at $162.63 after a 7.8% gain the previous day, following the rejection of a competitor's protest by the U.S. Government Accountability Office [4] - The stock has a familiar support level around $150, which contained the early December decline, and it reached a record peak of $236.60 on November 11, contributing to a year-to-date increase of 28.6% [4]

Group 1 - AeroVironment's stock experienced a 6.7% increase amid widespread reports of unidentified flying objects, which are speculated to be unmanned aerial vehicles [1][2][4] - The company is recognized as America's leading manufacturer of drones for the U.S. military, which positions it favorably in the current market climate [2][4] - Reports of unidentified drones have surged across various states, fueling public interest and speculation, despite the Pentagon dismissing these claims [3][4] Group 2 - AeroVironment's recent third-quarter earnings showed a modest sales growth of 4% but a significant decline in earnings by nearly 60%, raising concerns about its valuation [5] - The stock is currently valued at over 90 times earnings, which is considered high for a company with such low growth and declining earnings [5] - Alternative investment opportunities in the defense sector, such as RTX and Lockheed Martin, are suggested as more logical plays against drone threats, with significantly lower P/E ratios of 33 and 18, respectively [6]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 reached $188 million, marking a 4% increase from $180.8 million in Q2 2024, setting a new second-quarter record for the company [34] - Adjusted EBITDA for Q2 was $25.9 million, down from $39.5 million in the same period last year, attributed to higher SG&A and R&D expenses [42][43] - Funded backlog grew to $467 million, a 25% increase compared to the first quarter of fiscal 2025 [51] Business Segment Data and Key Metrics Changes - Loitering Munition Systems (LMS) segment revenue was $77.7 million, a 157% increase from $30.2 million in Q2 2024, driven by strong demand for Switchblade products [36][57] - Uncrewed Systems (UxS) segment revenue was $85.4 million, a 36% decrease from $132.8 million in the previous year, primarily due to a decline in Ukraine-related revenue [35] - MacCready Works segment revenue increased by 42% to $25.3 million, driven by HAPS revenue from SoftBank and the US Department of Defense [37] Market Data and Key Metrics Changes - The company reported strong international demand for its products, particularly Switchblade, with new orders from Lithuania, Romania, and Sweden, as well as interest from Taiwan and Greece [20][101] - The company anticipates a significant increase in global demand for its UAS and loitering munitions, driven by evolving defense strategies [56][90] Company Strategy and Development Direction - The company is focused on expanding its production capacity and throughput to meet growing customer needs, with plans to achieve over $500 million in annual Switchblade product revenue by the end of the fiscal year [21] - The acquisition of BlueHalo is expected to enhance the company's capabilities in defense technology, positioning it as a leader in various sectors including space communication and cybersecurity [14][54] - The company aims to provide a holistic common operating picture for its entire portfolio, integrating solutions with third-party platforms [85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow despite potential risks from changes in administration and ongoing geopolitical tensions [109] - The company reaffirmed its revenue, adjusted EBITDA, and non-GAAP EPS guidance for fiscal year 2025, expecting to set new records [58][109] - Management highlighted the increasing importance of UAS and loitering munitions in global defense strategies, indicating a strong growth trajectory for the company [56][90] Other Important Information - The company incurred $3.7 million in acquisition-related expenses in Q2, which are expected to continue into the next fiscal year [43] - The company completed a $200 million revolving credit facility during the quarter, enhancing its financial flexibility [50] Q&A Session Summary Question: Can you describe the demand environment for Uncrewed Systems? - Management noted that the UxS segment remains a strong revenue driver, with a solid pipeline for JUMP 20 systems and expectations for growth with the introduction of P550 [66][68] Question: What is the status of deliveries to Taiwan and the IDIQ contract protest? - Management confirmed successful deliveries of Switchblade products under the Replicator program and stated that they are awaiting a decision from the Department of Justice regarding the IDIQ contract protest [71][72] Question: How is the integration of Switchblade into the Kinesis Ecosystem progressing? - Management indicated that integration plans are underway, prioritizing customer needs and training processes [80][82] Question: How did Ukraine impact the Loitering Munitions segment? - Management expressed confidence in the growth of the LMS segment, stating that demand is not solely dependent on Ukraine and is expected to continue globally [90][92] Question: What is the outlook for international Switchblade sales? - Management highlighted ongoing interest from multiple countries and plans to increase production capacity to meet anticipated demand [102][104]

Core Insights - AeroVironment reported revenue of $188.46 million for the quarter ended October 2024, a year-over-year increase of 4.2% [1] - The company's EPS for the same period was $0.47, down from $0.97 a year ago, indicating a significant decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $178.96 million by 5.31%, while the EPS fell short of the consensus estimate of $0.66 by 28.79% [1] Revenue Breakdown - Revenue from Contract Services was $37.23 million, surpassing the average estimate of $32.39 million by two analysts, reflecting a year-over-year increase of 6.3% [3] - Revenue from Product Sales reached $151.23 million, exceeding the average estimate of $147.46 million, with a year-over-year change of 3.7% [3] Gross Margin Analysis - Gross margin for Contract Services was reported at $9.46 million, above the average estimate of $7.96 million [3] - Gross margin for Product Sales was $64.18 million, slightly above the average estimate of $64.10 million [3] Stock Performance - AeroVironment's shares have declined by 12.1% over the past month, contrasting with the Zacks S&P 500 composite's increase of 5.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Company Performance - AeroVironment reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.66 per share, and down from $0.97 per share a year ago, representing an earnings surprise of -28.79% [1] - The company posted revenues of $188.46 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 5.31%, compared to year-ago revenues of $180.82 million [2] - Over the last four quarters, AeroVironment has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - AeroVironment shares have increased approximately 53.2% since the beginning of the year, outperforming the S&P 500's gain of 26.8% [3] - The current consensus EPS estimate for the coming quarter is $0.84 on revenues of $204.17 million, and for the current fiscal year, it is $3.36 on revenues of $802.14 million [7] Industry Outlook - The Aerospace - Defense Equipment industry, to which AeroVironment belongs, is currently in the top 19% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]

Part I [**Item 1. Financial Statements (Unaudited)**](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited Q2 FY2025 financials show total assets at $1.019 billion, revenue growth with declining net income, and improved six-month operating cash flow [**Condensed Consolidated Balance Sheets**](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets slightly increased to $1.019 billion, liabilities decreased to $160.7 million due to term loan repayment, and equity rose to $858.4 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | Oct 26, 2024 (Unaudited) | Apr 30, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $514,845 | $515,581 | | **Total Assets** | **$1,019,085** | **$1,015,860** | | **Total Current Liabilities** | $111,611 | $144,879 | | **Total Liabilities** | **$160,688** | **$193,115** | | **Total Stockholders' Equity** | **$858,397** | **$822,745** | [**Condensed Consolidated Statements of Operations**](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 FY2025 revenue grew 4.2% to $188.5 million, but operating income and net income significantly declined, while six-month revenue increased 13.4% Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended Oct 26, 2024 | Three Months Ended Oct 28, 2023 | Six Months Ended Oct 26, 2024 | Six Months Ended Oct 28, 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $188,458 | $180,816 | $377,941 | $333,163 | | **Gross Margin** | $73,638 | $75,350 | $155,105 | $141,010 | | **Income from Operations** | $7,006 | $25,178 | $30,065 | $51,545 | | **Net Income** | $7,543 | $17,840 | $28,709 | $39,735 | | **Diluted EPS** | $0.27 | $0.66 | $1.02 | $1.50 | [**Condensed Consolidated Statements of Cash Flows**](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six-month operating cash flow improved to a $24.7 million inflow, investing cash outflow decreased, and financing cash flow shifted to a $17.5 million outflow Cash Flow Summary for the Six Months Ended (in thousands) | Cash Flow Activity | Oct 26, 2024 | Oct 28, 2023 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $24,709 | $(25,590) | | Net cash used in investing activities | $(11,630) | $(37,635) | | Net cash (used in) provided by financing activities | $(17,471) | $31,544 | | **Net decrease in cash and cash equivalents** | **$(4,341)** | **$(31,951)** | [**Notes to Condensed Consolidated Financial Statements (Unaudited)**](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Notes detail segment reorganization into UxS, LMS, MW, the BlueHalo acquisition, credit facility amendment, and goodwill impairment risk - Effective May 1, 2023, the company reorganized into three reportable segments: Uncrewed Systems (UxS), Loitering Munitions Systems (LMS), and MacCready Works (MW) to drive operational improvements and synergies[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) - As of October 26, 2024, the company had approximately **$467.1 million** of remaining performance obligations (funded backlog), with **72%** expected to be recognized as revenue in fiscal 2025[44](index=44&type=chunk) - The MUAS reporting unit, with a goodwill balance of **$135.8 million**, is considered at an increased risk of failing future goodwill impairment tests as its fair value exceeded its carrying value by only **10%** at the last annual test[94](index=94&type=chunk)[188](index=188&type=chunk) - On October 4, 2024, the company amended its credit agreement, increasing the revolving credit facility to **$200 million** and repaying the existing Term Loan Facility in full As of October 26, 2024, **$175.2 million** was available under the revolving facility[106](index=106&type=chunk)[109](index=109&type=chunk) - On November 19, 2024, the company announced a definitive agreement to acquire BlueHalo in an all-stock transaction, issuing **18,548,698** shares of common stock[155](index=155&type=chunk)[156](index=156&type=chunk) - In connection with the BlueHalo acquisition, the company secured a debt commitment for a new **$700 million** Term Loan A facility to refinance a portion of BlueHalo's debt[164](index=164&type=chunk)[252](index=252&type=chunk) [**Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations**](index=47&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses 13% six-month revenue growth driven by LMS, offset by UxS decline, decreased gross margin, increased operating expenses, and strong liquidity [**Results of Operations**](index=53&type=section&id=Results%20of%20Operations) Q2 revenue grew 4% YoY, driven by LMS segment's 157% increase, offset by UxS decline, with gross margin falling and operating expenses rising Revenue by Segment - Three Months Ended (in millions) | Segment | Q2 FY25 (Oct 26, 2024) | Q2 FY24 (Oct 28, 2023) | % Change | | :--- | :--- | :--- | :--- | | Uncrewed Systems (UxS) | $85.4 | $132.8 | (36%) | | Loitering Munitions (LMS) | $77.7 | $30.2 | 157% | | MacCready Works (MW) | $25.3 | $17.8 | 42% | | **Total Revenue** | **$188.5** | **$180.8** | **4%** | - The increase in Q2 revenue was primarily driven by a **$47.9 million** increase in Switchblade product production, reflecting strong global demand and a **$9.9 million** cumulative catch-up adjustment from the definitization of LMS contracts[196](index=196&type=chunk)[210](index=210&type=chunk) - The decrease in Q2 UxS revenue was primarily due to a **$41.8 million** drop in product deliveries, mainly from reduced international sales compared to the prior year[196](index=196&type=chunk)[206](index=206&type=chunk) - SG&A expense for Q2 increased by **$9.8 million** (**35%** YoY) due to higher employee-related costs, increased sales and marketing efforts, and acquisition-related expenses[199](index=199&type=chunk) - R&D expense for Q2 increased by **$6.7 million** (**30%** YoY) due to heightened development activities for product enhancements, new product lines, and support for acquired businesses[200](index=200&type=chunk) [**Liquidity and Capital Resources**](index=67&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is strong with positive operating cash flow and an amended $200 million revolving credit facility, but future indebtedness will increase with the BlueHalo acquisition - Funded backlog increased to **$467.1 million** as of October 26, 2024, up from **$400.2 million** as of April 30, 2024 Unfunded backlog stood at **$1.83 billion**[241](index=241&type=chunk)[242](index=242&type=chunk) - The company amended its credit facility, increasing the revolving credit line to **$200 million** and repaying the term loan As of October 26, 2024, **$175.2 million** was available for borrowing[248](index=248&type=chunk) - Cash flow from operations for the six-month period was a positive **$24.7 million**, a **$50.3 million** improvement from the negative **$25.6 million** in the prior-year period, primarily due to favorable changes in working capital[255](index=255&type=chunk) [**Item 3. Quantitative and Qualitative Disclosures About Market Risk**](index=71&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations on its variable-rate credit facility and foreign currency exposure from Euro-denominated cash - The company has interest rate risk due to its **$15.0 million** outstanding balance on a variable-rate revolving credit facility[262](index=262&type=chunk) - Foreign currency exchange rate risk exists as the acquisition of Telerob resulted in a portion of the company's cash balance being held in Euros[263](index=263&type=chunk) [**Item 4. Controls and Procedures**](index=71&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of October 26, 2024, with no material changes to internal controls - The CEO and CFO concluded that as of October 26, 2024, the company's disclosure controls and procedures were effective[267](index=267&type=chunk) - No changes occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[268](index=268&type=chunk) Part II [**Item 1. Legal Proceedings**](index=73&type=section&id=Item%201.%20Legal%20Proceedings) The company faces two ongoing legal proceedings in California from former employees regarding alleged labor code violations - The company is facing a class action complaint filed by a former employee in California alleging violations of the state's Labor Code regarding wages, meal breaks, and overtime[271](index=271&type=chunk) - A separate complaint was filed by another former employee seeking penalties under California's Private Attorney General Act (PAGA) for similar labor code violations[272](index=272&type=chunk) [**Item 1A. Risk Factors**](index=73&type=section&id=Item%201A.%20Risk%20Factors) New risk factors include BlueHalo acquisition completion uncertainty, integration challenges, failure to realize synergies, increased indebtedness, and stockholder dilution - The acquisition of BlueHalo is subject to numerous closing conditions, including regulatory and shareholder approvals, and may be terminated, potentially requiring AeroVironment to pay a **$200 million** termination fee under certain circumstances[275](index=275&type=chunk)[277](index=277&type=chunk)[280](index=280&type=chunk) - Integrating BlueHalo's business may be more difficult, costly, or time-consuming than expected, and the combined company may fail to realize the anticipated synergies and benefits, which could adversely affect business results[308](index=308&type=chunk)[311](index=311&type=chunk) - The company will incur substantial non-recurring costs associated with the transaction and integration, and its consolidated indebtedness is expected to increase substantially, heightening financial risks[302](index=302&type=chunk)[337](index=337&type=chunk)[338](index=338&type=chunk) - Current AeroVironment stockholders will experience significant ownership dilution, owning approximately **60.5%** of the combined company post-transaction, and may not realize a commensurate benefit if synergies are not achieved[331](index=331&type=chunk)[336](index=336&type=chunk) - Following the closing, funds affiliated with Arlington Capital Partners are expected to own approximately **26.2%** of the company's common stock and will have the right to designate up to two directors, allowing them to exert significant influence[326](index=326&type=chunk)[328](index=328&type=chunk) [**Item 5. Other Information**](index=91&type=section&id=Item%205.%20Other%20Information) The Compensation Committee approved an amended Executive Severance Plan for top executives and a new Executive Transaction Severance Plan - The company's Board approved an amended and restated Executive Severance Plan for its CEO, CFO, General Counsel, and Chief Accounting Officer[344](index=344&type=chunk)[346](index=346&type=chunk) - A new Executive Transaction Severance Plan was also approved for three Senior Vice Presidents, providing severance benefits upon termination without cause on or before November 18, 2025[348](index=348&type=chunk)[349](index=349&type=chunk) [**Item 6. Exhibits**](index=95&type=section&id=Item%206.%20Exhibits) Key exhibits filed include the BlueHalo merger agreement, credit agreement amendment, and new executive severance plans - Key exhibits filed include the merger agreement with BlueHalo, the third amendment to the credit agreement, and new executive severance plans[354](index=354&type=chunk)

PROCEED WITH CERTAINTY SECOND QUARTER Fiscal Year 2025 EARNINGS PRESENTATION December 4, 2024 SECOND QUARTER FISCAL YEAR 2025 Safe Harbor Statement Certain words in this presentation may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "believe," "anti ...

Financial Performance - Record second quarter revenue of $188.5 million, up 4% year-over-year from $180.8 million[3] - Net income for the second quarter was $7.5 million, or $0.27 per diluted share, compared to $17.8 million, or $0.66 per diluted share in the prior-year period[9] - Non-GAAP adjusted EBITDA for the second quarter was $25.9 million, down from $39.5 million in the same period last year[10] - Income from operations for the second quarter was $7.0 million, down from $25.2 million in the prior-year period[6] - Net income for the three months ended October 26, 2024, was $7.543 million, a decrease of 57.7% compared to $17.840 million for the same period last year[32] - Basic net income per share for the three months ended October 26, 2024, was $0.27, down from $0.66 in the same period last year, representing a decline of 59.1%[32] - Net income for the six months ended October 26, 2024, was $28.7 million, a decrease of 27.8% from $39.7 million for the same period in 2023[37] Revenue Segments - Revenue growth in Loitering Munitions Systems segment was 157%, while UnCrewed Systems segment saw a decrease of 35% year-over-year[4] - Product sales for the three months ended October 26, 2024, were $151.231 million, a 3.2% increase from $145.779 million for the same period last year[32] - Contract services revenue for the six months ended October 26, 2024, was $188.458 million, compared to $180.816 million for the same period last year, reflecting a 3.6% increase[32] - Total revenue for the three months ended October 26, 2024, was $188.5 million, compared to $180.8 million for the same period in 2023, representing a growth of 4.6%[40] Margins and Expenses - Gross margin for the second quarter decreased to 39% from 42%, reflecting a decrease in product gross margin[5] - Gross margin for product sales was $64.179 million for the three months ended October 26, 2024, down from $66.747 million in the same period last year, indicating a decrease of 3.9%[32] - Research and development expenses for the three months ended October 26, 2024, were $28.716 million, up from $22.025 million in the same period last year, reflecting a 30.3% increase[32] - Selling, general and administrative expenses for the three months ended October 26, 2024, were $37.916 million, compared to $28.147 million for the same period last year, indicating a 34.5% increase[32] - Adjusted EBITDA for the six months ended October 26, 2024, was $63.1 million, down from $76.8 million for the same period in 2023, reflecting a decrease of 17.9%[44] Assets and Liabilities - Total assets as of October 26, 2024, were $1,019.085 million, slightly up from $1,015.860 million as of April 30, 2024[35] - Total current liabilities decreased to $111.611 million as of October 26, 2024, from $144.879 million as of April 30, 2024[35] - Stockholders' equity increased to $858.397 million as of October 26, 2024, compared to $822.745 million as of April 30, 2024[35] Cash Flow and Investments - Cash and cash equivalents at the end of the period were $68.96 million, down from $100.91 million at the end of the same period in 2023, indicating a decrease of 31.6%[37] - The company reported a net cash provided by operating activities of $24.7 million for the six months ended October 26, 2024, compared to a net cash used of $25.6 million for the same period in 2023[37] - The company reported a net cash used in investing activities of $11.6 million for the six months ended October 26, 2024, compared to $37.6 million for the same period in 2023, indicating a decrease of 69.1%[37] Acquisition Activity - AeroVironment announced an agreement to acquire BlueHalo in an all-stock transaction valued at approximately $4.1 billion[3] - The company anticipates significant acquisition-related expenses contingent upon the closing of the BlueHalo acquisition[13] - The company incurred acquisition-related expenses of $3.7 million for the three months ended October 26, 2024, compared to $1.1 million for the same period in 2023[44] Other Financial Metrics - The segment adjusted gross margin for UxS was $41.4 million for the three months ended October 26, 2024, compared to $30.2 million for the same period in 2023, showing an increase of 37.0%[40] - The company experienced a loss on disposal of property and equipment amounting to $201,000 for the six months ended October 26, 2024[37]

Wall Street analysts expect AeroVironment (AVAV) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 32%. Revenues are expected to be $178.96 million, down 1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital ...