AeroVironment(AVAV) - 2024 Q3 - Quarterly Results

Financial Performance Projections - Net income for the fiscal year ending April 30, 2024 is projected to be between $51 million and$55 million, compared to a net loss of $176 million in the previous fiscal year[33] - Adjusted EBITDA (Non-GAAP) for the fiscal year ending April 30, 2024 is expected to be between$122 million and $127 million, up from$90 million in the previous fiscal year[33] Expense Projections - Depreciation and amortization expenses are projected to decrease significantly to $36 million in fiscal 2024, down from$100 million in fiscal 2023[33] - Stock-based compensation is expected to increase to $17 million in fiscal 2024, up from$11 million in the previous year[33] - Interest expense is projected to decrease to $5 million in fiscal 2024, down from$9 million in fiscal 2023[33] - Provision for income taxes is expected to be between $3 million and$4 million in fiscal 2024, compared to a benefit of $15 million in the previous fiscal year[33] - Acquisition-related expenses are expected to double to$2 million in fiscal 2024, compared to $1 million in the previous fiscal year[33] Impairment and Investments - The company incurred a goodwill impairment charge of$156 million in fiscal 2023, with no similar charge projected for fiscal 2024[33] - Equity method and equity securities investments activity is projected to increase to $7 million in fiscal 2024, up from$3 million in fiscal 2023[33] Non-GAAP Measures - The company emphasizes the importance of non-GAAP measures for evaluating long-term profitability trends and comparing performance with peers[35]