Aviat

Aviat Networks Announces Fiscal 2024 Second Quarter and Six Month Financial Results, Increases Full Year Guidance

Retrieved on: 
Tuesday, February 6, 2024
Accounts payable, Growth, Accounts receivable, GAAP, International, NEC, Aviat, Telephone, Corporate development, Bharti Airtel, PIN, Aviat Networks, Depreciation, Acquisition, Interest, Webcast

AUSTIN, Texas, Feb. 6, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2024 second quarter ended December 29, 2023.

Key Points: 
  • Fiscal 2024 Second Quarter and Six Months Ended December 29, 2023
    The Company reported total revenues of $95.0 million for its fiscal 2024 second quarter, compared to $90.7 million in the fiscal 2023 second quarter, an increase of $4.4 million or 4.8%.
  • In the fiscal 2024 second quarter, the Company reported GAAP gross margin of 38.8% and non-GAAP gross margin of 38.8%.
  • The Company reported GAAP total operating expenses of $31.8 million for the fiscal 2024 second quarter, compared to $23.5 million in the fiscal 2023 second quarter, an increase of $8.3 million or 35.2%.
  • The Company reported GAAP operating income of $5.0 million for the fiscal 2024 second quarter, compared to $8.7 million in the fiscal 2023 second quarter, a decrease of $(3.7) million or (42.5)%.

Aviat Networks Completes the Acquisition of NEC's Wireless Transport Business

Retrieved on: 
Thursday, November 30, 2023
Aviat Networks, Acquisition, NEC, Satellite navigation device, Airline, Aviat

AUSTIN, Texas, Nov. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today announced the completion of its acquisition of the Wireless Transport Business of NEC Corporation ("NEC").

Key Points: 
  • AUSTIN, Texas, Nov. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today announced the completion of its acquisition of the Wireless Transport Business of NEC Corporation ("NEC").
  • The completion of this acquisition significantly increases the scale of Aviat Networks, enhances the Company's product portfolio with a greater capability to innovate, and creates a more diversified business.
  • "We are pleased to close this transaction and further solidify our position as the leading wireless transport specialist company," said Pete Smith, CEO of Aviat Networks.
  • Aviat Networks previously announced its entry into a definitive agreement to purchase the assets of NEC's Wireless Transport Business on May 9, 2023.

Aviat Networks Elects Laxmi Akkaraju to Board of Directors

Retrieved on: 
Monday, November 13, 2023
SITA (company), Senior, Aviat Networks, GSMA, BI Norwegian Business School, Advisory board, EVRY, University, Lakshmi, Growth, Knowledge, University of New Mexico, Customer, Spirent, Satellite navigation device, Science, Aviat, Cognite

AUSTIN, Texas, Nov. 13, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that shareholders elected Laxmi Akkaraju to the Company's Board of Directors effective November 8, 2023. Akkaraju, who is independent, will serve on the audit committee.

Key Points: 
  • AUSTIN, Texas, Nov. 13, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that shareholders elected Laxmi Akkaraju to the Company's Board of Directors effective November 8, 2023.
  • Ms Akkaraju will replace Jim Stoffel, who is retiring from the Aviat Board of Directors after more than 16 years of service.
  • She is also a Board Member for the Moller Mobility Group and sits on the Advisory Board for Digital Norway and previously sat on the Advisory Board for BI Norwegian Business School.
  • "I would like to thank Jim Stoffel for his years of valued service and contributions as an Aviat board member.

Aviat Networks Announces Fiscal 2024 First Quarter Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Adjustment, International, PIN, EBITDA, Telephone, Aviat, GAAP, Acquisition, Growth, Interest, Webcast, Depreciation, Corporate development, Aviat Networks, Bookkeeping, Bank, Reinsurance, Video game, Management, Security (finance)

AUSTIN, Texas, Nov. 1, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2024 first quarter ended September 29, 2023.

Key Points: 
  • Total Revenue of $87.6 million; Up 7.8% Year-Over-Year
    GAAP Operating Income of $5.5 million; Up 41.8% Year-Over-Year
    Adjusted EBITDA of $12.1 million; Up 13.1% Year-Over-Year
    AUSTIN, Texas, Nov. 1, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2024 first quarter ended September 29, 2023.
  • "In the first quarter of fiscal 2024, we had a record bookings quarter in our North American private networks business."
  • The Company reported total revenues of $87.6 million for its fiscal 2024 first quarter, compared to $81.3 million in the fiscal 2023 first quarter, an increase of $6.3 million or 7.8%.
  • The Company reaffirms its fiscal 2024 full year revenue and Adjusted EBITDA guidance as follows:
    Aviat Networks will host a conference call at 5:00 p.m. Eastern Time (ET) today, November 1, 2023, to discuss its financial and operational results for the fiscal 2024 first quarter ended September 29, 2023.

PAWR Program Unveils ARA Testbed for Rural Wireless and Applications Research

Retrieved on: 
Wednesday, September 6, 2023
Security, Environment, Research, Telecommunications, Urban Planning, Networks, Internet, Hardware, Data Management, Science, VoIP, Technology, Mobile, Wireless, Construction & Property, Other Communications, Communications, University, Education, High-pass filter, Partnership, ARA, TVWS, COSMOS, Research Triangle, Multimedia, NATI, Project management office, Government, Computer, Interest, Triangle, MIMO, Organization, White space, White, Computer engineering, National Cybersecurity and Communications Integration Center, Radio, ISU, Platform, API, Computer science, PAWR, Electricity, Management, Mobile phone, Online shopping, Colosseum, Ericsson, Aviat, Central Iowa Regional Association of Local Governments

The Platforms for Advanced Wireless Research (PAWR) Project Office announces the unveiling of ARA, a new testbed in Central Iowa dedicated to research on rural wireless systems and applications.

Key Points: 
  • The Platforms for Advanced Wireless Research (PAWR) Project Office announces the unveiling of ARA, a new testbed in Central Iowa dedicated to research on rural wireless systems and applications.
  • As the fourth and final platform in the PAWR program, ARA combines both commercial and programmable network systems.
  • (Photo: Business Wire)
    The U.S. National Science Foundation created and initially funded the PAWR program in partnership with an industry consortium of leading wireless companies and organizations.
  • “Located in the heart of Central Iowa, ARA rounds out the program by offering advanced wireless infrastructure in a uniquely rural setting.

Hoosier Energy selects Aviat Networks for Network Modernization Project

Retrieved on: 
Wednesday, August 30, 2023
Hoosier, Aviat Networks, Risk, Aviat

AUSTIN, Texas, Aug. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced that Hoosier Energy, a generation and transmission cooperative in Indiana, recently selected Aviat for the upgrade and modernization of their existing microwave transmission network in a multi-year, multi-phase project.

Key Points: 
  • AUSTIN, Texas, Aug. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced that Hoosier Energy, a generation and transmission cooperative in Indiana, recently selected Aviat for the upgrade and modernization of their existing microwave transmission network in a multi-year, multi-phase project.
  • As a part of the overall project Hoosier will deploy Aviat's new IRU600 UHP 11 GHz indoor microwave radio, which delivers the highest transmitter power ever supported in the industry, to relocate many of their existing 6 GHz links to 11 GHz over concerns of the potential risk of interference.
  • "We are very excited that we have been selected by Hoosier to upgrade their network with our very latest in ultra-high power technology," said Pete Smith, CEO of Aviat Networks.
  • "With IRU600 UHP Hoosier will be able to ensure the highest network reliability."

Aviat Networks Announces Fiscal 2023 Fourth Quarter and Twelve Months Financial Results

Retrieved on: 
Wednesday, August 23, 2023
International, Bharti Airtel, Telephone, Redline Communications, GAAP, Aviat, Interest, PIN, EBITDA, Acquisition, Webcast, Depreciation, Adjustment, Aviat Networks, Corporate development, Self storage, Reinsurance, Video game, Security (finance), Health insurance, Bank, Bookkeeping

AUSTIN, Texas, Aug. 23, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2023 fourth quarter and twelve months ended June 30, 2023.

Key Points: 
  • Total Q4 Revenue of $91.2 million; Up 17.8% Year-Over-Year
    Q4 GAAP Operating Income of $6.3 million; Up 20.6% Year-Over-Year
    Q4 Adjusted EBITDA of $12.6 million; Up 37.5% Compared to Prior Year
    AUSTIN, Texas, Aug. 23, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2023 fourth quarter and twelve months ended June 30, 2023.
  • The Company reported total revenues of $91.2 million for its fiscal 2023 fourth quarter, compared to $77.4 million in the comparable fiscal 2022 period, an increase of $13.8 million or 17.8%.
  • In the fiscal 2023 fourth quarter, the Company reported GAAP and non-GAAP gross margin of 35.8% and 36.2%, respectively.
  • The Company reported GAAP net income of $3.3 million in the fiscal 2023 fourth quarter or GAAP net income per share of $0.28.

Aviat Introduces New Ultra-High Power Indoor Microwave Radio

Retrieved on: 
Thursday, June 1, 2023
Hertz, Radio, UHP, TCO, Aviat Networks, Risk, Aviat, Internet service provider

AUSTIN, Texas, June 1, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced a new 11 GHz indoor microwave radio with the highest transmitter power ever supported in the industry, to allow more capacity, longer links and provide operators with an alternative to deploy long distance links without the potential risk of interference in the 6 GHz band.

Key Points: 
  • Aviat's IRU600 UHP (Ultra-High Power) delivers breakthrough transmit power performance which will allow 80% or more of the 90,000 6 GHz links currently in operation in the US to be moved to 11 GHz.
  • This can be achieved with the same size of antennas to avoid any additional tower lease costs and maintaining the required 99.999% availability needed for critical data traffic.
  • "We are very excited to introduce our latest radio innovation that delivers more power in an 11 GHz digital microwave radio than ever before," said Pete Smith, CEO of Aviat Networks.
  • Aviat has secured the first customer order for IRU600 UHP from a midwestern Utility customer, with initial shipments planned to commence in the second half of 2023.

Microwave Transmission Equipment Market Forecasted to Grow 5 Percent in 2023, According to Dell'Oro Group

Retrieved on: 
Thursday, May 18, 2023
Vertical, Aviat Networks, Data-rate units, Ericsson, Huawei, NEC, Telecommunications, Ceragon, Microwave transmission, Aviat, Communications satellite

REDWOOD CITY, Calif., May 18, 2023 /PRNewswire/ --  According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Microwave Transmission equipment market is forecast to grow 5 percent in 2023. Demand for E-band systems, which are capable of transmitting data at rates up to 20 Gbps, is expected to dramatically increase this year. E/V Band shipment volumes are predicted to grow 35 percent year-over-year.

Key Points: 
  • REDWOOD CITY, Calif., May 18, 2023 /PRNewswire/ --  According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Microwave Transmission equipment market is forecast to grow 5 percent in 2023.
  • "Microwave Transmission equipment demand is in a growth cycle due to 5G," stated Jimmy Yu, Vice President at Dell'Oro Group.
  • "This growth cycle began in 2021 and is expected to drive increasing demand for microwave equipment for many more years.
  • Highlights from the 1Q 2023 Microwave Transmission & Mobile Backhaul Quarterly Report:
    Microwave Transmission market growth in 2023 will be driven by higher demand in both mobile backhaul and the Vertical markets.

Aviat Networks to Participate in Upcoming Investor Conferences

Retrieved on: 
Wednesday, May 10, 2023
Conference, TD, Lotte New York Palace Hotel, Aviat, Cryptocurrency

AUSTIN, Texas, May 10, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, today announced that it will participate in upcoming investor conferences.

Key Points: 
  • AUSTIN, Texas, May 10, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, today announced that it will participate in upcoming investor conferences.
  • Aviat will participate in the B. Riley Securities 23rd Annual Institutional Investor Conference on May 24, 2023, in Beverly Hills, CA.
  • Pete Smith, Aviat's President and CEO, is scheduled to participate in 1-on-1 meetings throughout the day.
  • Pete Smith will present on May 31st at 10:50am ET and will participate in 1-on-1 meetings throughout the conference.