Revenue and Market Presence - Revenue from North America and international regions represented approximately 50% each in fiscal 2024, compared to 58% and 42% in fiscal 2023, and 66% and 34% in fiscal 2022 respectively [18]. - The backlog was approximately $292 million as of June 28, 2024, compared to $289 million at June 30, 2023, consisting primarily of contracts for product and service deliveries [44]. - The company maintains a presence in key markets including the United States, Western and Southern Africa, the Philippines, and the European Union, focusing on high customer retention and repeat business [35]. - In fiscal 2024, international sales accounted for 52% of total revenue, indicating a strong reliance on global markets [134]. - No single customer accounted for more than 10% of total revenue during fiscal 2024 and 2023, indicating a diversified customer base [46]. - A significant portion of revenue may come from a limited number of customers, with potential customer consolidation posing risks to revenue stability [126]. Product Development and Innovation - The demand for microwave and millimeter wave transmission systems is expected to grow due to factors such as 5G deployments, subscriber growth, and the Internet of Things (IoT) [20]. - Aviat's strategy includes expanding the data-carrying capacity of wireless products while reducing overall energy consumption and total cost of ownership (TCO) [27]. - The company is investing in software applications and tools to simplify the planning, deployment, and operation of microwave networks [28]. - The product portfolio includes advanced solutions such as the WTM 4000, capable of operating in the 80GHz E-Band, and the RDL 6000, which provides ultra-high power indoor microwave capabilities [34]. - The company is investing heavily in research and development to support the timely introduction of new products and enhancements [88]. - The company’s growth depends on market growth and the timely introduction of new products, with ongoing efforts to enhance existing products through acquisitions and technology [128]. Financial Performance and Risks - The company's research and development expenditures totaled $36.4 million, representing 8.9% of revenue in fiscal 2024, compared to $24.9 million or 7.2% in fiscal 2023, and $22.6 million or 7.5% in fiscal 2022 [52]. - The company reported a lengthy sales cycle, typically taking 12 to 24 months for products to be integrated into customer networks, which complicates revenue recognition and forecasting [84]. - The company faces risks related to financial performance, including potential declines in average sales prices and reliance on a limited number of customers for revenue [78]. - The company is susceptible to various political, economic, and geographic risks due to the volume of international sales, which could adversely affect business operations [79]. - The company reported that credit and commercial risks could increase if the financial condition of its customers declines, impacting overall business health [78]. - There is a risk that the company may not generate sufficient cash flow from operations to meet longer-term capital needs, potentially requiring asset sales or additional financing [143]. Compliance and Regulatory Environment - The company believes it has substantially complied with environmental regulations, with no expected material impact on financial position from compliance expenditures in the near future [63]. - The company is subject to evolving regulatory environments, including data privacy and cybersecurity laws, which could result in increased operational costs and liabilities [80]. - The company is subject to changing regulations that have resulted in increased compliance costs and may continue to do so in the future [171]. - The company faces significant liability claims due to its products being used in critical communications networks, which could result in costly litigation and damage to reputation [173]. - The company anticipates needing to allocate substantial resources to comply with evolving data privacy and cybersecurity laws, which could lead to increased operational costs and reputational harm [177][178]. Supply Chain and Manufacturing - The company utilizes an outsourced manufacturing model with partners in Asia and the United States, ensuring compliance with local market requirements [41]. - The company engages in dual sourcing for raw materials to mitigate risks associated with supply chain dependencies [55]. - The company faces risks related to sole or limited sourcing for key components, particularly in Taiwan, which could disrupt supply chains in the event of geopolitical tensions [121]. - The company’s supply chain strategy includes mitigation plans for alternative manufacturing sources, but failure to secure timely delivery could result in lost sales and damaged customer relationships [122]. - The company outsources all manufacturing and a substantial portion of repair services to independent contract manufacturers, which are responsible for procuring components and assembling products [117]. Competition and Market Dynamics - The company’s competitive landscape includes major players like Ericsson, Huawei, and Nokia, as well as smaller specialists like Ceragon Networks and Cambium Networks [47]. - The company faces intense competition in the telecommunications industry, with competitors having greater resources and established customer relationships [103]. - The telecommunications industry is experiencing significant consolidation, which may lead to purchasing decision delays and reduced opportunities for the company [125]. - The company acknowledges that strong competition in the market could adversely affect revenue growth and operating results [77]. Employee and Workplace Culture - The company has 913 employees, with 909 being full-time, and 279 located in the U.S., indicating a strong workforce presence [68]. - The company has a competitive compensation package linked to job function and location, including health benefits, life and disability insurance, and a retirement plan with employer match [69]. - The company has a structured hiring process and conducts regular employee engagement surveys to improve workplace culture [68]. Environmental and Social Governance - Increased focus on Environmental, Social, and Governance (ESG) matters may lead to higher costs associated with compliance and voluntary disclosures, affecting overall business operations [182]. - Environmental regulations may impose additional costs and operational restrictions, impacting the company's financial performance and competitive position [180][184]. Cybersecurity and Data Privacy - Cybersecurity risks, including data breaches and attacks, could compromise proprietary information and disrupt operations, potentially harming the company's reputation and financial results [189][191]. - The company may incur significant costs related to enhancing cybersecurity measures, which could adversely affect operating margins and resource allocation [192]. - Supplier cybersecurity vulnerabilities could impact the company's ability to meet product demands, affecting customer relationships and financial results [193].

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, Oct. 4, 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 2024 fourth quarter and twelve months ended June 28, 2024. Fourth Qua ...

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that the firm is investigating potential claims against Aviat Networks, Inc. ("Aviat" or the "Company") (NASDAQ: AVNW). The ongoing investigation concerns whether Aviat and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On September 11, 2024, Aviat disclosed that it would be unable to ti ...

BOSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Aviat Networks, Inc. (Nasdaq: AVNW) for potential securities law violations. Investors who have lost money in their Aviat Networks, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/avnw. What is this all about? Aviat Networks, Inc. announced on September 11 that they had delayed their scheduled Annual Report on Form 10-K, and would ...

NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Aviat Networks, Inc. (NASDAQ: AVNW) and Flux Power Holdings, Inc. (NASDAQ:FLUX). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. Aviat Networks, Inc. (NASDAQ: AVNW) On Sep ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Aviat Networks, Inc. (“Aviat” or “the Company”) (Nasdaq: AVNW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Aviat investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney ...

Core Viewpoint - Aviat Networks, Inc. is under investigation by Block & Leviton for potential securities law violations following a delay in filing their Annual Report on Form 10-K due to internal control failures in financial reporting for the fiscal year ended June 2024 [2][4]. Group 1: Company Announcement - Aviat Networks, Inc. announced on September 11 that it would not be able to file its Annual Report on Form 10-K in a timely manner [2]. - The delay is attributed to internal control failures regarding financial reporting [2]. Group 2: Investor Eligibility - Investors who purchased Aviat Networks, Inc. common stock and have experienced a decline in share value may be eligible to recover losses, regardless of whether they have sold their investment [3]. Group 3: Investigation Details - Block & Leviton is investigating the company for possible securities law violations and may take legal action to recover losses for affected investors [4]. - The firm encourages individuals with non-public information about Aviat Networks, Inc. to assist in the investigation or report to the Securities Exchange Commission under the whistleblower program [6]. Group 4: Contact Information - Investors who have lost money on their investment are advised to contact Block & Leviton for further information [5]. - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7].

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Aviat Networks, Inc. (“Aviat” or the “Company”) (NASDAQ: AVNW) on behalf of Aviat stockholders. Our investigation concerns whether Aviat has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On September 11, 2024, Aviat announced via press release that it "has d ...

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Aviat Networks, Inc. (“Aviat” or “the Company”) (NASDAQ: AVNW). Investors who purchased Aviat securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/AVNW. Investigation Details On September 11, 2024, Aviat announced via press release that it “has determined that it is unabl ...

Core Points - Wolf Popper LLP is investigating potential claims on behalf of purchasers of Aviat Networks, Inc. common stock [1] - Aviat Networks is a provider of wireless transport and access solutions [1] Financial Reporting Issues - Aviat announced it would not be able to file its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 [1] - The company identified certain material weaknesses in its internal control over financial reporting [1] - Errors impacting previously reported financial information for the fiscal years 2024 and 2023 were also identified [1] Stock Market Reaction - Following the announcement, Aviat's stock price fell by $3.37 per share to $20.99 on September 12, 2024, representing a decline of 13.8% [1] - The decline occurred on very heavy trading volume [1] Investor Information - Investors who lost over $25,000 trading in Aviat common stock are encouraged to contact Wolf Popper for discussion regarding the investigation [1]