← AVIAT NETWORKS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $268.7m |
$241.9m
-9.98%
|
$242.5m
+0.26%
|
$243.9m
+0.56%
|
$238.6m
-2.14%
|
$274.9m
+15.20%
|
$303.0m
+10.20%
|
$346.6m
+14.40%
|
$408.1m
+17.74%
|
$434.6m
+6.50%
|
$434.1m
-0.11%
|
|
| Cost of Revenue | $207.0m |
$166.4m
-19.60%
|
$162.0m
-2.64%
|
$164.6m
+1.60%
|
$153.9m
-6.47%
|
$172.3m
+11.92%
|
$193.7m
+12.44%
|
$222.4m
+14.81%
|
$263.4m
+18.40%
|
$295.2m
+12.08%
|
$293.6m
-0.52%
|
|
| Gross Profit | $61.7m |
$75.5m
+22.29%
|
$80.5m
+6.67%
|
$79.3m
-1.53%
|
$84.7m
+6.84%
|
$102.6m
+21.16%
|
$109.2m
+6.45%
|
$124.2m
+13.67%
|
$144.7m
+16.56%
|
$139.4m
-3.66%
|
$140.5m
+0.77%
|
|
| Research and Development Expense | $20.8m | $18.7m | $19.8m | $21.1m | $19.3m | $21.8m | $22.6m | $24.9m | $36.4m | $35.8m | $28.6m | |
| Selling, General and Administrative Expense | $65.9m | $57.2m | $58.2m | $56.1m | $58.0m | $56.3m | $57.7m | $69.8m | $85.0m | $89.5m | $87.3m | |
| Amortization of Intangible Assets | $0 | $0 | — | — | — | — | — | $704k | $1.0m | $2.7m | — | |
| Operating Lease, Expense | — | — | — | — | $3.7m | $3.3m | $3.6m | $3.4m | — | — | — | |
| Operating Expenses | $89.2m | $76.5m | $79.2m | $77.9m | $81.3m | $80.4m | $80.5m | $97.8m | $125.3m | $128.9m | $115.9m | |
| Operating Income (Loss) | ($27.4m) |
($985k)
+96.41%
|
$1.3m
+233.71%
|
$1.4m
+3.87%
|
$3.4m
+146.93%
|
$22.2m
+557.49%
|
$28.7m
+29.42%
|
$26.4m
-8.13%
|
$19.4m
-26.54%
|
$10.6m
-45.49%
|
$24.7m
+133.16%
|
|
| Interest Expense | $104k | $50k | $29k | $102k | $54k | $0 | — | — | — | — | $7.3m | |
| Investment Income, Interest | $252k | $261k | $198k | $267k | $385k | $230k | — | — | — | — | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | — | $2.6m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.8m) | ($712k) | $214k | ($664k) | $419k | $1.0m | ($1.1m) | ($1.0m) | $300k | $800k | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | $0 | $0 | $1.7m | ($3.3m) | ($158k) | ($941k) | — | |
| Nonoperating Income (Expense) | — | $169k | ($220k) | $17k | — | — | — | — | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | ($2.3m) | ($6.1m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($4.2m) | $11.0m | $7.7m | $5.8m | $9.5m | $26.3m | $31.9m | $20.5m | $16.7m | $2.0m | $18.5m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | $30.4m | $23.1m | $16.9m | $3.6m | $18.5m | |
| Current Income Tax Expense (Benefit) | $2.0m | ($59k) | $2.1m | $572k | $3.6m | $2.3m | $1.6m | $2.1m | $2.5m | $2.6m | $9.5m | |
| Income Tax Expense (Benefit) | $1.6m | $16k | ($1.0m) | ($8.2m) | $3.5m | ($87.7m) | $9.3m | $11.6m | $6.1m | $2.2m | $9.5m | |
| Net Income (Loss) Attributable to Parent | ($29.9m) |
($823k)
+97.25%
|
$1.8m
+324.18%
|
$9.7m
+427.80%
|
$257k
-97.36%
|
$110.1m
+42755.64%
|
$21.2m
-80.79%
|
$11.5m
-45.52%
|
$10.8m
-6.66%
|
$1.3m
-87.54%
|
$9.0m
+572.04%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $270k | $202k | $457k | $0 | $0 | — | — | — | — | — | $9.0m | |
| Earnings Per Share, Basic | ($5.71) | ($0.16) | $0.35 | $1.81 | $0.05 | $9.98 | $1.89 | $1.01 | $0.88 | $0.11 | $0.71 | |
| Earnings Per Share, Diluted | ($5.71) | ($0.16) | $0.33 | $1.73 | $0.05 | $9.42 | $1.79 | $0.97 | $0.86 | $0.10 | $0.69 | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($5.71) | ($0) | $0 | $2 | $0 | $9.42 | $2 | $1 | $1 | $0 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | 5.3m | 5.4m | 5.4m | 11.0m | 11.2m | 11.4m | 12.2m | 12.7m | 12.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 5.6m | 5.6m | 5.5m | 11.7m | 11.8m | 11.9m | 12.5m | 12.8m | 13.1m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($30.4m) | ($823k) | $1.8m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($30.2m) | ($621k) | $2.3m | $9.7m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $541k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $541k | $0 | $0 | — | — | — | — | — | — | — | — |