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Aviat Networks Announces Third Quarter Financial Results for Fiscal 2025

Aviat Networks, Inc. (Nasdaq: AVNW), a leading expert in wireless transport and access solutions, has recently published its financial results for the third quarter of fiscal year 2025, concluding on March 28, 2025. The report highlights a continuation of revenue growth and robustness in their operating models, bolstered by increased demand for their products and services.

Key Financial Achievements

In terms of total revenues, Aviat reported $112.6 million, representing a 1.6% increase year-over-year from the previous quarter, which saw revenues of $110.8 million. Notably, Aviat registered its 19th consecutive quarter of revenue growth, a significant milestone underscoring its strong market positioning. The company also achieved a gross margin of 34.9% and an adjusted EBITDA of $14.9 million, reflecting an ongoing commitment to maintaining operational efficiency and sound financial practices.

The breakdown of revenues shows a marked improvement in North America, where the company experienced a 11.3% increase in revenue amounting to $49.4 million. This growth is attributed to a surge in private network projects. However, international revenues declined slightly by 4.8%, totaling $63.2 million, primarily due to varying capital expenditure timelines among mobile network operators.

Operating Income Surge

The operating income for the quarter climbed to $9.3 million compared to $5.7 million in the same quarter last year, driven by higher overall gross margins and effectively managed operating expenses. Interestingly, the company has also recorded a 64% year-over-year increase in GAAP operating income.

In relation to net income, Aviat reported $3.5 million for the third quarter, down marginally from $3.9 million recorded in fiscal 2024. The diluted earnings per share for this quarter stood at $0.27, slightly lower than the $0.30 from the previous fiscal year. On a non-GAAP basis, however, Aviat's net income increased to $11.3 million, with earnings per share reaching $0.88.

Outlook and Future Opportunities

Looking ahead, Aviat Networks maintains its full-year guidance, expecting revenues to be between $430 million and $470 million, with an adjusted EBITDA projected at $30 million to $40 million. Furthermore, the company anticipates substantial growth potential with its recent orders of ProVision Plus network management software from Pasolink customers, positioning itself to capitalize on a $50 million opportunity over the next five years.

The financial stability is further underscored by Aviat's cash and cash equivalents, which totaled $49.4 million as of March 28, 2025. Although there was an increase in total debt to $73.9 million, the overall balance sheet remains healthy, allowing the company to invest in new projects and capitalize on growth opportunities within the wireless transport domain.

Summary

In essence, Aviat Networks continues to display resilience and growth, marking a successful quarter steeped in notable achievements. The company is strategically positioned to leverage new opportunities while managing existing challenges in the telecommunications landscape. Stakeholders can look forward to further developments as Aviat strives to enhance its offerings and expand its market presence in the evolving wireless communication industry.

For more details about the fiscal 2025 third quarter results, join the conference call today at 5:00 p.m. Eastern Time on May 6, 2025.

About Aviat Networks

Establishing its identity in the wireless transport and access solution market, Aviat Networks has been instrumental in advancing connectivity across various sectors globally. The company prides itself on delivering robust solutions and support to clients ranging from government entities to those in the private sector, reaffirming its commitment to innovation and excellence in telecommunication solutions.

For further insights, visit Aviat Networks.