NASDAQ$AVAV

AeroVironment Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AeroVironment met its fiscal year 2022 guidance with Q4 revenue at $132.6 million and net income of $7.3 million.

AeroVironment reported a decrease in revenue by 2% to $132.6 million compared to the fourth quarter of fiscal year 2021. The company's net income attributable to AeroVironment was $7.3 million, or $0.29 per diluted share.

  • Fourth quarter revenue was $132.6 million.
  • Record fiscal year 2022 revenues were $445.7 million.
  • Fourth quarter gross margin was $48.6 million.
  • Fourth quarter net income attributable to AeroVironment was $7.3 million, or $0.29 per diluted share.

Headline financials

Total Revenue

$133M

Previous: $136M-2.5%
EPS (adj)

$0.30

Previous: $1.04-71.2%
Funded Backlog

$211M

Previous: $212M-0.5%
Capital Expenditures

$5.23M

Previous: $2.79M+87.2%
Free Cash Flow

$8.33M

Previous: $4.78M+74.4%
Net Income

$7.3M

Previous: $10.9M-33.0%
Operating Income

$13M

Previous: $17.8M-26.8%
Gross Profit

$48.6M

Previous: $59.7M-18.5%
Cash & Equivalents

$77.2M

Previous: $149M-48.1%
Total Assets

$914M

Previous: $929M-1.5%
Stock-Based Comp

$1.43M

Previous: $2.18M-34.2%

Revenue & EPS history

AeroVironment · Revenue · Quarterly

$133M

Q4 2022-2.5%vs Q4 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

For the fiscal year 2023, the Company expects revenue of between $490 million and $520 million, net income of between $11 million and $18 million, Non-GAAP adjusted EBITDA of between $82 million and $92 million, earnings per diluted share of between $0.42 and $0.72 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets, of between $1.35 and $1.65.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.4%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+3.7%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+29.8%

Q3 2024

Best reaction

-23.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-6.2%-4.4%-18.9%
Q2 2026-12.9%-16.4%+29.7%
Q1 2026+6.9%+8.7%+69.8%
Q4 2025+0.0%-2.8%+35.3%
Q3 2025-4.4%-13.1%-21.3%
Q2 2025-14.2%-16.9%-16.6%
Q1 2025-4.4%-5.9%+8.2%
Q4 2024-7.7%-8.8%-9.8%
Q3 2024+29.8%+29.1%+14.1%
Q2 2024-9.5%-11.0%-14.0%
Q1 2024+17.3%+15.7%+8.1%
Q4 2023+4.9%+13.3%+4.4%
Q3 2023+2.3%+1.4%+14.0%
Q2 2023-7.1%-7.4%-7.1%
Q1 2023+16.1%+14.0%-12.4%
Q4 2022-5.9%+3.7%+3.0%
Q3 2022+2.0%+3.9%+29.6%
Q2 2022-23.1%-21.1%-21.1%
Q1 2022-10.7%-11.6%-15.7%
Q4 2021-9.5%-11.8%-9.0%
Q3 2021+5.9%+18.7%+12.2%
Q2 2021-3.1%-8.0%-0.4%
Q1 2021-6.6%-6.4%+3.1%
Q4 2020+3.2%+10.7%+11.5%
Q3 2020+8.1%+12.6%-1.0%
Q2 2020-3.9%-2.0%-1.2%
Q1 2020+7.4%+10.9%+5.6%
Q4 2019-9.6%-8.2%-12.2%
Q3 2019+9.1%+2.2%-11.5%
Q2 2019-16.6%-22.6%-26.5%
Q1 2019+13.7%+20.7%+16.1%
Q4 2018+14.4%+22.6%+29.1%
Q3 2018-14.2%-5.7%-7.8%
Q2 2018+23.8%+26.5%+21.9%
Q1 2018+19.1%+25.8%+37.3%
Q4 2017+13.4%+23.3%+21.6%
Q3 2017+5.8%+4.8%+6.6%
Q2 2017-3.4%+1.0%-8.2%
Q1 2017-17.1%-16.8%-18.9%
Q4 2016-6.1%-1.5%+0.0%
Q3 2016+5.8%
Q2 2016+13.2%
Q1 2016-11.6%
Q4 2015+11.6%
Q3 2015-8.8%
Q2 2015-5.8%
Q1 2015-8.2%
Q4 2014+11.1%
Q3 2014+25.4%
Q2 2014+8.4%
Q1 2014-3.0%
Q4 2013+3.6%
Q3 2013-10.4%
Q2 2013+14.2%
Q1 2013-5.6%
Q4 2010+2.0%
Q4 2012+2.6%
Q3 2011-2.9%
Q3 2012-6.1%
Q2 2011-2.4%
Q2 2012-1.3%
Q4 2011-6.9%
Q1 2011-6.9%
Q1 2012-0.5%
Q3 2010+3.7%

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