Brings extensive experience from serving on and advising Boards, with a strong background in Financial Audit and GovernanceAUSTIN, Texas, Feb. 3, 2025 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced that Scott Halliday was appointed to the Company's Board of Directors effective January 31, 2025. Halliday, who is independent, will also serve on the Audit Committee.Halliday brings 38 years of experience with EY (formerly Ernst & Young ...

AUSTIN, Texas, Jan. 30, 2025 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, announced today that it will release its second quarter fiscal 2025 financial results for the period ended December 27, 2024, on February 4, 2025, after the market closes.The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 5:00 p.m. ET. Participating on the call will be Pete Sm ...

Core Insights - Aviat Networks has enhanced its Secure Software Development Lifecycle (SSDLC) and introduced Software Vulnerability Alerts (SVA) to meet the latest cybersecurity requirements and protect mission-critical networks [1][4] Group 1: SSDLC Overview - The SSDLC is a structured process aimed at improving cybersecurity across all Aviat products, integrating security at every stage of the software lifecycle, from definition to maintenance [2] - The process includes independent third-party validation and utilizes secure software practices from recognized organizations like OWASP to ensure consistent vulnerability management and continuous security improvement [2] Group 2: SVA Service Details - The SVA service provides proactive notifications to customers regarding potential impacts of common vulnerabilities and exposures (CVE) published by MITRE Corporation [3] - Aviat will conduct nightly scans of its ProVision and ProVision Plus Management software source code and notify SVA subscribers within 24 hours of detecting any major or critical CVE, along with recommended mitigations or software patches [3] Group 3: Company Commitment - Aviat Networks emphasizes the importance of network security for its customers and believes that the new cybersecurity measures will enhance product integrity and provide additional protection [4] - The combination of SSDLC and SVA notifications aims to give operators confidence that their management systems are proactively protected against known cybersecurity threats [4] Group 4: Company Background - Aviat Networks is a leading expert in wireless transport and access solutions, with over one million systems sold in 170 countries, serving various sectors including government and defense [5] - The company has a long history of microwave innovations and offers a comprehensive suite of professional and support services to simplify network operations for its customers [5]

AUSTIN, Texas, Nov. 8, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, today announced that it will participate in the following upcoming investor conferences. 18th Annual Needham Virtual Security, Networking, and Communications Conference to be held virtually on November 19, 2024 13th Annual Roth Technology Conference to be held in New York, NY on November 20, 2024 Investors interested in scheduling a meeting with the company should c ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $88.4 million, a 1.7% increase from $86.9 million in Q1 2024 [13] - Non-GAAP gross margin was 23%, down from 36.2% in the prior year [5][14] - Adjusted EBITDA was minus $7.7 million, impacted by lower gross margins and elevated operating expenses [12][16] - Non-GAAP EPS loss was $0.87 [5][16] - GAAP net income was minus $11.9 million, while non-GAAP net income was minus $11.1 million [16] Business Line Data and Key Metrics Changes - North America revenue decreased by 23% to $42 million, accounting for 48% of total revenue, due to Tier 1 softness and project timing [13] - International revenue increased by 44% to $46 million, primarily driven by the Pasolink acquisition [13] - Gross margins were significantly impacted by lower volume and a mix shift away from North America towards international business [7] Market Data and Key Metrics Changes - The global microwave market contracted by 8% year-over-year, marking the fourth consecutive quarter of revenue declines [6] - Aviat has continued to grow its share of demand in North America and globally, despite the broader market decline [6] Company Strategy and Development Direction - The company is focusing on its private network business and the global 5G opportunity, with an attractive funnel and backlog [17] - Plans to transfer Pasolink product manufacturing to Aviat's contract manufacturer to improve order management and reduce costs [10] - The company anticipates a more favorable operating leverage in the second half of fiscal year 2025 [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in Q1 due to Tier 1 market weakness and project timing but remains optimistic about Q2 and the latter half of fiscal year 2025 [17] - The company adjusted its fiscal year 2025 guidance, expecting revenue between $430 million and $470 million and adjusted EBITDA between $30 million and $40 million [17] Other Important Information - The company has approximately $450 million of net operating losses, which will minimize cash tax payments for the foreseeable future [16] - The Pasolink upgrade opportunity is estimated to be $50 million over the next five years [8] Q&A Session Summary Question: Can you help us think about the trajectory of gross margin and its potential recovery in the December quarter? - Management indicated that gross margins were impacted by a mix shift and expect improvements in Q2 and beyond as revenues ramp up [19] Question: What gives you confidence in the recovery and how are orders tracking for the December quarter? - Management noted a book-to-bill ratio greater than 1 in Q1 and a strong order trajectory for Q2, with expectations for record bookings [21][22] Question: Can you provide insights on the performance in India and any potential MDU opportunities? - Management confirmed that India remains a growth area with good demand, and there are opportunities related to MDU projects, although they are not in a leading position [29] Question: What is the opportunity in fixed wireless access and how does it relate to Aviat's products? - Management highlighted the growing demand for fixed wireless access connections, which favorably impacts backhaul needs and aligns with Aviat's offerings [32] Question: Will merger acquisition expenses decrease in the upcoming quarter? - Management confirmed that such expenses are expected to attenuate in Q2 and beyond, barring any new M&A activities [33]

Aviat Networks Investor Presentation Fiscal Q1 2025 November 5, 2024 Forward-Looking Statements The information contained in this presentation includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat's outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2025, its recent acquisitions and acquisition str ...

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 Title of each class Trading Symbol(s) Name of each exchange on which Registered Common Stock AVNW The Nasdaq Stock Market LLC Preferred Share Purchase Rights The Nasdaq Stock Market LLC For the quarterly period ended September 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

www.aviatnetworks.com Aviat Networks Announces Fiscal 2024 Fourth Quarter and Twelve Months Financial Results Fourth Quarter Total Revenue of $116.7 million; Up 28.1% Year-Over-Year Fourth Quarter Adjusted EBITDA of $11.9 million Cash from Operations of $8.3 million in fourth quarter, $30.5 million for full year AUSTIN, Texas, October 4, 2024 -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported fi ...

Total Revenue of $88.4 million; Up 1.7% Year-Over-YearAdjusted EBITDA of $(7.7) millionNon-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 ...

AUSTIN, Texas, Nov. 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, announced today that it will release its first quarter fiscal 2025 financial results for the period ended September 27, 2024, on November 5, 2024, after the market closes.The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 4:30 p.m. ET. Participating on the call will be Pete Smi ...