NASDAQ$AVNW

Aviat Networks Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Aviat reported Q3 2022 earnings with revenue up 12.2% year-over-year and GAAP income before tax up 75.5% compared to prior year.

Aviat Networks announced its fiscal 2022 third quarter results, reporting a 12.2% increase in total revenue to $74.5 million compared to the same quarter last year. GAAP income before tax increased by 75.5% year-over-year, and adjusted EBITDA rose by 29.2%. The company also launched Health Assurance Software (HAS) and secured a Quickline rural broadband win.

  • Executed on key long-term strategic objectives, leading to increased revenues and Adjusted EBITDA.
  • Launched Health Assurance Software (HAS) to optimize network performance and reliability.
  • Quickline rural broadband win validates the Company’s value proposition to international ISPs.
  • Repurchased $2.0 million of stock in the quarter.

Headline financials

Total Revenue

$74.5M

Previous: $66.4M+12.2%
EPS (adj)

$0.67

Previous: $0.49+36.7%
GAAP Gross Margin

37.0%

Previous: 38.5%-3.9%
Adjusted EBITDA

$9.5M

Previous: $7.3M+30.1%
Capital Expenditures

-$1.03M

Previous: -$2.4M+57.1%
Free Cash Flow

$5M

Previous: $92.3M-94.6%
Net Income

$6.03M

Previous: $94.7M-93.6%
Operating Income

$7.48M

Previous: $4.04M+85.4%
Gross Profit

$27.5M

Previous: $25.6M+7.7%
Cash & Equivalents

$31.3M

Previous: $45.8M-31.7%
Total Assets

$320M

Previous: $291M+10.0%
Stock-Based Comp

$840K

Previous: $765K+9.8%

Revenue & EPS history

Aviat · Revenue · Quarterly

$74.5M

Q3 2022+12.2%vs Q3 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Aviat · $74.5M total across 2 segments · Q3 2022

  • Product sales
    $52M+15.0%
  • Services
    $22.5M+6.2%

Forward guidance

Aviat Networks did not provide forward guidance in the Q3 2022 earnings report.

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 Q3 2022

Historical avgQ3 2022

+0.7%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+5.7%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+28.2%

Q2 2025

Best reaction

-31.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-28.5%-30.0%-14.3%
Q2 2026+14.3%+16.7%+11.2%
Q1 2026+0.4%-3.2%-13.2%
Q4 2025+12.6%+3.6%-7.3%
Q3 2025+5.0%+4.0%+12.2%
Q2 2025+28.2%+12.7%-1.7%
Q1 2025-31.9%-28.5%-15.1%
Q3 2024-15.1%-6.4%-7.6%
Q2 2024+19.9%+9.3%+19.4%
Q1 2024+14.6%+14.5%+17.4%
Q4 2023+19.0%+21.1%+16.6%
Q3 2023-11.9%-16.3%-3.2%
Q2 2023+21.5%+13.0%+14.6%
Q1 2023-12.1%-10.5%+0.6%
Q4 2022+1.3%+1.0%-7.7%
Q3 2022-3.5%-9.1%-6.7%
Q2 2022+1.2%-2.6%-9.1%
Q1 2022+4.8%+4.7%-4.1%
Q4 2021-14.4%-9.4%-13.9%
Q3 2021-13.5%-9.2%+13.4%
Q2 2021+4.8%+25.1%+22.7%
Q1 2021+16.0%+27.6%+86.8%
Q4 2020+3.3%+10.3%+3.4%
Q3 2020+27.7%+28.8%+41.9%
Q2 2020+1.6%-1.3%-12.9%
Q1 2020+0.6%+2.5%+4.1%
Q4 2019+6.1%-0.8%+9.7%
Q3 2019-0.7%-1.5%-1.9%
Q2 2019+4.3%-1.6%-8.0%
Q1 2019-1.2%-4.5%-7.8%
Q4 2018+14.1%+11.9%+2.2%
Q3 2018+8.0%+10.0%-0.2%
Q2 2018+2.5%+5.1%+12.7%
Q1 2018+18.2%+16.6%+14.0%
Q4 2017+9.4%+7.7%+5.2%
Q3 2017-18.3%-11.9%-28.4%
Q2 2017+14.2%+18.5%+23.6%
Q1 2017+19.9%+29.6%+55.3%
Q4 2016-8.7%-10.2%-0.3%
Q3 2016-5.9%
Q2 2016-14.1%
Q1 2016-1.0%
Q4 2015+2.9%
Q3 2015-1.7%
Q2 2015-9.9%
Q1 2015+2.9%
Q4 2014-8.3%
Q3 2014-29.2%
Q2 2014+6.9%
Q1 2014-4.6%
Q4 2013-10.2%
Q3 2013-19.7%
Q2 2013+3.9%
Q1 2013-3.0%
Q4 2012+1.3%
Q3 2012-1.4%
Q2 2012-0.8%
Q1 2012-3.2%
Q4 2011+6.4%
Q3 2011-4.3%
Q2 2010-0.5%
Q1 2010+3.6%
Q4 2010-0.3%
Q3 2010+2.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro