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Aviat Networks Announces CFO Transition and Preliminary Q4 Financial Results for 2025

Aviat Networks, Inc. (NASDAQ: AVNW), a leader in wireless transport and access solutions, has recently made headlines with significant changes in its executive leadership and financial outlook. On August 27, 2025, the company announced that Chief Financial Officer (CFO) Michael Connaway would step down from his position to explore opportunities outside the industry. His resignation is scheduled to take effect after the filing of the company's Form 10-K for the fiscal year 2025.

Connaway has been integral to Aviat’s financial management, and his departure marks a pivotal moment for the company. In light of his exit, Andrew Fredrickson, who is currently serving as Aviat's Vice President of Corporate Finance, will take on the role of Interim CFO. The company has announced that it has initiated a search for a permanent CFO with the assistance of a leading executive search firm to ensure a smooth transition.

Pete Smith, Aviat's President and CEO, expressed gratitude for Connaway’s contributions during his time with the company and extended best wishes as he embarks on the new chapter in his career. Smith also acknowledged Fredrickson's readiness to step in as Interim CFO, mentioning that his knowledge of the company and its stakeholders will facilitate a seamless transition during this period of change.

Preliminary Financial Results

Alongside the leadership announcement, Aviat released preliminary financial results for the fiscal fourth quarter that ended on June 27, 2025. The company expects a GAAP net income exceeding $4.5 million for this quarter, a marked increase from $1.5 million in the same quarter last year. This positive shift in financial performance indicates a robust recovery and growth trajectory for the company.

Additionally, Aviat's non-GAAP Adjusted EBITDA for the fourth quarter is projected to be over $14 million, up from $11.9 million during the previous year. These figures highlight the company’s improving profitability and operational efficiency, bolstered by an increasingly resilient market demand for its wireless solutions.

It is important to note that the preliminary financial information released by the company is based solely on management's estimates using information available at the time. It is not intended to serve as a comprehensive financial statement for the fourth quarter of fiscal 2025, and thus investors are advised to interpret these results with caution.

Forward-Looking Statements

Aviat Networks has cautioned that certain aspects discussed involve forward-looking statements, which are based on the current expectations of management. These statements may not guarantee future performance or outcomes, as they are subject to various risks and uncertainties that could lead to significant deviations from anticipated results.

The company urges stakeholders to consider these risks while managing expectations regarding its financial forecasts and operational performance. Factors that could negatively impact the company's actual results are discussed in detail in the annual report filed with the SEC.

About Aviat Networks

Founded over 70 years ago, Aviat Networks specializes in providing reliable wireless transport and access solutions. The company boasts a global footprint, with systems installed in more than 170 countries. Aviat serves a diverse customer base, including communications service providers, state and local governments, utility companies, and defense organizations, amongst others. With a commitment to innovation and customer satisfaction, Aviat aims to simplify operations for its clients through high-performance wireless solutions.

For further information, Aviat Networks encourages stakeholders to visit their official website at www.aviatnetworks.com or connect with them on social media platforms like Facebook and LinkedIn.