Aviat Networks(US:AVNW)2020-02-07 10:27Company Overview - Aviat Networks is a global supplier of wireless networking solutions, focusing on wireless backhaul products and services for CSPs and private network operators[5] - The company has approximately 700 employees and a global presence across North America, Asia Pacific, Africa, Europe, Latin America, and the Middle East[6] - Aviat Networks' market capitalization is approximately $75 million, with around 54 million shares outstanding as of February 4, 2020[6] Financial Performance (FY20) - In Q2 FY20, Aviat Networks reported revenue of $56 million, compared to $65.1 million in Q2 FY19[42] - Gross margin for Q2 FY20 was 32.8%, down from 34.6% in Q2 FY19[42] - Adjusted EBITDA for Q2 FY20 was $0.4 million, a decrease from $4.5 million in Q2 FY19[42] - For the first six months of FY20 (1H FY20), revenue was $114.6 million, compared to $125.6 million in 1H FY19[42] - Gross margin for 1H FY20 was 35.7%, an increase from 32.2% in 1H FY19[42] - Adjusted EBITDA for 1H FY20 was $4.5 million, compared to $5.4 million in 1H FY19[42] Market and Growth Opportunities - Aviat Networks is targeting the Industrial IoT market, which is projected to reach $500 billion by 2020[25] - The company is also focusing on the Private LTE market, estimated to reach $16 billion by 2025[27] - Aviat Networks anticipates FY20 Adjusted EBITDA of $11-$12 million, compared to $8.8 million in FY19[49]