Core Viewpoint - Aviat Networks, Inc. will release its third quarter fiscal 2025 financial results on May 6, 2025, after market close [1] Financial Results Announcement - The earnings conference call and webcast will take place on the same day at 5:00 p.m. ET, featuring CEO Pete Smith and CFO Michael Connaway [2] - Interested parties can access the conference call via the webcast on Aviat Networks' Investor Relations website or participate by telephone after registering [3] Company Overview - Aviat Networks is a leading expert in wireless transport and access solutions, providing reliable products and services to customers globally [4] - The company has sold over one million systems in 170 countries, serving various sectors including government and defense organizations [4] - With a history of microwave innovations spanning over 70 years, Aviat focuses on delivering high-performance products and exceptional customer experiences [4]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping (tankers, containers, dry bulk) in addition to technology stocks [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has experience as an auditor at PricewaterhouseCoopers before transitioning to day trading nearly 20 years ago [2] - Successfully navigated significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Aviat Networks, Inc. (NASDAQ:AVNW) Q2 2025 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Andrew Fredrickson - Director of IR Pete Smith - President and CEO Michael Connaway - CFO Conference Call Participants Jaeson Schmidt - Lake Street Scott Searle - Roth Capital Partners Theodore O’Neill - Litchfield Hills Research Dave Kang - B. Riley Tim Savageaux - Northland Capital Markets Operator Hello, and welcome to Aviat Networks' Fiscal Q2 2025 Earnings Conference Call. At this time, ...

Revenue Performance - Total revenue for the second quarter of fiscal 2025 was $118.2 million, representing a 26.2% increase compared to $93.7 million in the same period of fiscal 2024[127]. - Revenue in North America increased by $7.3 million (14.5%) in the second quarter of fiscal 2025, but decreased by $5.3 million (5.0%) in the first six months compared to fiscal 2024[127]. - Revenue in Europe increased by $2.8 million (49.7%) in the second quarter and $3.1 million (28.8%) in the first six months of fiscal 2025, primarily due to increased sales from the NEC transaction[129]. - Revenue in Latin America and Asia Pacific increased by $16.2 million (70.4%) in the second quarter and $29.5 million (74.0%) in the first six months of fiscal 2025, driven by contributions from the NEC transaction[130]. - Product sales revenue increased by 26.6% to $82.3 million in the second quarter of fiscal 2025, while service revenue increased by 25.2% to $35.9 million[131]. Acquisitions and Investments - The acquisition of 4RF Limited for $18.2 million enhances Aviat's offerings in the industrial wireless access market, including Private LTE and 5G[121]. - The acquisition of NEC's wireless transport business was completed for approximately $54.5 million, which is expected to enhance Aviat's product portfolio and scale[123]. Financial Performance and Expenses - Gross margin for the second quarter of fiscal 2025 was $40.9 million, a 12.5% increase from $36.3 million in the same quarter of fiscal 2024[132]. - Research and development expenses increased by $1.8 million (21.8%) for the three months ended December 27, 2024, and by $5.8 million (39.2%) for the six months ended December 27, 2024, primarily due to development activity related to the NEC transaction[134]. - Selling and administrative expenses decreased by $1.3 million (5.6%) for the three months ended December 27, 2024, but increased by $4.4 million (10.6%) for the six months ended December 27, 2024, mainly due to merger and acquisition expenses[135]. - Restructuring charges were $1.4 million for the three months ended December 27, 2024, a decrease of $0.6 million (29.3%) compared to the prior year, and $1.4 million for the six months ended December 27, 2024, down $1.2 million (46.5%) from the previous year[136]. - Interest expense, net increased by $1.2 million (301.0%) for the three months ended December 27, 2024, and by $2.2 million (446.7%) for the six months ended December 27, 2024, primarily due to interest on incremental Term Loan borrowings[138]. - Other expense, net increased by $0.9 million (142.2%) for the three months ended December 27, 2024, and by $0.8 million (493.3%) for the six months ended December 27, 2024, mainly due to losses on debt extinguishment and foreign exchange rate movements[141]. Cash Flow and Financial Position - As of December 27, 2024, the Company had total cash and cash equivalents of $52.6 million, with $21.6 million held in the United States and $31.0 million (59%) held outside the United States[144]. - Net cash used in operating activities was $(6.4) million for the first six months of fiscal 2025, a decrease of $13.3 million compared to $6.9 million in the prior year, primarily due to increases in working capital and decreased earnings[145]. - Net cash used in investing activities was $23.5 million for the first six months of fiscal 2025, a decrease of $10.1 million compared to $33.5 million in the prior year, mainly due to higher acquisition payments in the prior year[146]. - As of December 27, 2024, the Company had $75.0 million outstanding under its Term Loan and no borrowings under its Revolver, in compliance with all financial covenants[150]. - A 10% change in interest rates is estimated to have a $0.5 million impact on annual interest expense on the Company's outstanding long-term debt as of December 27, 2024[161]. Market Conditions - The company anticipates ongoing pricing pressures due to competition and macroeconomic conditions affecting its market performance[124].

Aviat Networks Announces Fiscal 2025 Second Quarter and Six Month Financial Results Total Revenue of $118.2 million; Up 26.2% Year-Over-Year Operating Income of $8.0 million; Non-GAAP Operating income of $12.6 million Adjusted EBITDA of $14.8 million Non-GAAP Diluted Earnings per Share of $0.82 AUSTIN, Texas, February 4, 2025 -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results f ...

Core Viewpoint - Aviat Networks reported strong financial results for the fiscal 2025 second quarter, with total revenues of $118.2 million, reflecting a year-over-year increase of 26.2% driven by growth in both North America and international markets [1][2][11]. Revenue Summary - Total revenues for the second quarter reached $118.2 million, up from $93.7 million in the same quarter of fiscal 2024, marking an increase of $24.5 million or 26.2% [2][11]. - North America revenue was $58.0 million, an increase of $7.3 million or 14.5% compared to $50.6 million in the prior year, attributed to strength in the private networks business [2][11]. - International revenue totaled $60.2 million, up $17.2 million or 39.8% from $43.1 million in the prior year, largely due to contributions from the Pasolink acquisition [2][11]. Gross Margin Analysis - The GAAP gross margin for the second quarter was 34.6%, down from 38.8% in the same quarter of fiscal 2024, a decrease of 420 basis points [4][11]. - Non-GAAP gross margin was reported at 35.3%, compared to 38.8% in the prior year, a decrease of 350 basis points [4][11]. Operating Expenses - Total GAAP operating expenses for the second quarter were $32.9 million, consistent with the previous year [6][11]. - Non-GAAP total operating expenses, excluding certain charges, were $29.1 million, an increase of $3.7 million or 14.7% from $25.4 million in the prior year [6][11]. Operating Income - GAAP operating income for the second quarter was $8.0 million, up from $3.4 million in the same quarter of fiscal 2024, an increase of $4.6 million [8][11]. - Non-GAAP operating income was $12.6 million, compared to $11.0 million in the prior year, reflecting an increase of $1.6 million [8][11]. Net Income - The company reported GAAP net income of $4.5 million for the second quarter, compared to $1.8 million in the same quarter of fiscal 2024 [12][11]. - Non-GAAP net income was $10.5 million, slightly up from $10.3 million in the prior year [12][11]. Adjusted EBITDA - Adjusted EBITDA for the second quarter was $14.8 million, an increase of $2.7 million from $12.1 million in the fiscal 2024 second quarter [14][11]. Balance Sheet Highlights - As of December 27, 2024, the company had cash and cash equivalents of $52.6 million, down from $64.6 million as of June 28, 2024 [15][11]. - Total debt was reported at $74.9 million, an increase of $26.5 million from June 28, 2024 [15][11]. Fiscal Year 2025 Outlook - The company maintained its full-year revenue guidance between $430 million and $470 million, with adjusted EBITDA expected to be between $30.0 million and $40.0 million [21][11].

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 ...