AeroVironment(AVAV) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Q1 FY25 - Revenue for Q1 FY25 reached $189.5 million, a 24% increase compared to Q1 FY24[8] - GAAP Gross Margin for Q1 FY25 was $81.5 million, also a 24% increase year-over-year[8] - Adjusted EBITDA for Q1 FY25 was $37.2 million, in line with the same quarter last year[8] - Non-GAAP EPS (diluted) was $0.89, an 11% decrease compared to last year[8] - Funded Backlog was $372.9 million, a 31% decrease due to contract award timing[8] Segment Performance - Loitering Munition Systems (LMS) segment achieved a first-quarter revenue record of $52 million[5] FY25 Guidance (as of September 4, 2024) - Revenue is projected to be between $790 million and $820 million, representing a 12% increase at the midpoint compared to FY24 revenue of $717 million[20] - Net Income is expected to be between $74 million and $83 million, a 31% increase at the midpoint compared to FY24 net income of $60 million[20] - Adjusted EBITDA is projected to be between $143 million and $153 million, a 16% increase at the midpoint compared to FY24 adjusted EBITDA of $128 million[20] - Earnings Per Share (diluted) is expected to be between $2.61 and $2.92, a 27% increase at the midpoint compared to FY24 EPS of $2.18[20] - Non-GAAP Earnings Per Share (diluted) is projected to be between $3.18 and $3.49, an 11% increase at the midpoint compared to FY24 Non-GAAP EPS of $2.99[20]