UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33278 ______________________________ AVIAT NETWORKS, INC. (Exact name of registrant as specified in its charter) _________________________ ...

Aviat Networks, Inc. (NASDAQ:AVNW) Q4 2023 Earnings Conference Call August 23, 2023 5:00 PM ET Company Participants Andrew Fredrickson - Director-Investor Relations Peter Smith - Chief Executive Officer David Gray - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Erik Suppiger - JMP Securities Jaeson Schmidt - Lake Street Capital Markets Theodore O'Neill - Litchfield Hills Research Tim Savageaux - Northland Capital Markets Dave Kang - B. Riley Operator Good afternoo ...

Financial Data and Key Metrics Changes - Aviat Networks reported revenue of $83.5 million for Q3 2023, representing a 12% increase compared to $74.5 million in Q3 2022 [6][17] - Non-GAAP operating income was 11%, with adjusted EBITDA of $10.8 million, reflecting a 14% increase year-over-year [6][21] - GAAP net income for Q3 was $4.9 million, down from $6.0 million in the previous year, while non-GAAP net income increased to $8.9 million from $8.1 million [20][21] - Adjusted EBITDA margins were 13% for the quarter [21] Business Line Data and Key Metrics Changes - The 5G business showed healthy demand, particularly in U.S. wireless backhaul, with strong international planning from Tier 1 and Tier 2 operators [7][8] - Rural broadband demand remained steady, with progress on several RDOF projects and initial orders from four RDOF recipients [9] - In private networks, Aviat maintained its market leadership in North America and achieved its first private LTE win in Q3 [10][11] Market Data and Key Metrics Changes - North America revenue comprised 55% of total revenue, amounting to $46.1 million, while international revenue was $37.4 million [17] - The company reported a trailing four-quarter book-to-bill ratio above one, indicating strong demand [18] - The backlog remained over $245 million, with a steady growth in demand for private networks driven by public safety and utilities [15][52] Company Strategy and Development Direction - Aviat is focused on capitalizing on long-term growth drivers such as 5G, rural broadband, and private networks, aiming to increase profitability and shareholder value [23] - The company is optimistic about future projects with MTN Group and Bharti Airtel, as well as other international Tier 1 and Tier 2 operators [8][9] - The integration of Redline Communications is progressing well, with expectations for additional deals in the next 6 to 12 months [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment, noting that bookings are ahead of plan and that the company is well-positioned to execute long-term plans [15][23] - The impact of recent weather conditions on field services was acknowledged, with an estimated revenue impact of $1.5 million due to adverse conditions [16] - The company raised the bottom end of its revenue guidance for fiscal year 2023 to a range of $341 million to $347 million [24] Other Important Information - Supply chain improvements were noted, with 98.5% of supply returning to pre-crisis performance, and no missed revenue opportunities due to supply chain shortages [14][15] - The company is leveraging its balance sheet to mitigate supply chain risks and expects to generate positive cash flow in the coming quarters [22] Q&A Session Summary Question: On the services front, can you address the revenue and gross margins? - Management noted a bounce back in service margins, indicating a sustainable level but suggesting a long-term average closer to 35% [25][26] Question: Can you clarify the RDOF activity and its potential magnitude? - Management indicated that RDOF funding will peak in three to four years, with initial revenue expected in the back half of the year [27][28] Question: What is the status of the Redline acquisition and its revenue potential? - The first private LTE win was achieved, and the revenue synergy funnel is now over $10 million [33][34] Question: What is the backlog situation regarding Huawei replacements? - The backlog is expected to play out over the next six to twelve months, driven by network security concerns and supply chain interruptions [74][75] Question: Are there any labor constraints affecting deployment? - Management reported no significant labor issues, maintaining good relationships with installers [71][72]

Aviat Networks (NASDAQ: AVNW) Forward-Looking Statements The information contained in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act and Section 27A of the Securities Act, including expectations regarding our results for the fiscal 2023 third quarter and nine months period. All statements, trend analyses and other information contained herein about the markets for the services and pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 __________________________ For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-33278 AVIAT NETWORKS, INC. (Exact name of registrant ...

Aviat Networks (NASDAQ: AVNW) Fiscal Q2 2023 JMP Securities Technology Conference Forward-Looking Statements The information contained in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act and Section 27A of the Securities Act, including expectations regarding our results for the fiscal 2023 second quarter and six months period. All statements, trend analyses and other information contai ...

Aviat Networks (NASDAQ: AVNW) Fiscal Q2 2023 Forward-Looking Statements The information contained in this presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act and Section 27A of the Securities Act, including expectations regarding our results for the fiscal 2023 second quarter and six months period. All statements, trend analyses and other information contained herein about the markets for the ...

Aviat Networks, Inc. (NASDAQ:AVNW) Q2 2023 Earnings Conference Call February 1, 2023 5:00 PM ET Company Participants Andrew Fredrickson - Director, Corporate Development & IR Pete Smith - President & CEO David Gray - SVP & CFO Conference Call Participants Scott Searle - ROTH Capital Partners Erik Suppiger - JMP Securities Tim Savageaux - Northland Capital Markets Theodore O'Neill - Litchfield Hills Operator Good afternoon, and welcome to Aviat Networks' Second Quarter Fiscal 2023 Earnings Conference Call. A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 __________________________ For the quarterly period ended December 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-33278 AVIAT NETWORKS, INC. (Exact name of registr ...