Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results
AUSTIN, Texas, May 1, 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 third quarter ended March 29, 2024.
- Total Revenue of $111.6 million; Up 33.7% Year-Over-Year
Adjusted EBITDA of $12.0 million; Up 11.1% Year-Over-Year
Cash from Operations of $15.3 million in current quarter, $22.2 million year-to-date
AUSTIN, Texas, May 1, 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 third quarter ended March 29, 2024. - Fiscal 2024 Third Quarter and Nine Months Ended March 29, 2024
The Company reported total revenues of $111.6 million for its fiscal 2024 third quarter, compared to $83.5 million in the fiscal 2023 third quarter, an increase of $28.1 million or 33.7%. - In the fiscal 2024 third quarter, the Company reported GAAP gross margin of 32.7% and non-GAAP gross margin of 35.2%.
- The Company is updating its fiscal 2024 full year guidance as follows:
Aviat Networks will host a conference call at 5:00 p.m. Eastern Time (ET) today, May 1, 2024, to discuss its financial and operational results for the fiscal 2024 third quarter ended March 29, 2024.