Aviat Networks, Inc.
24.66+0.28 (+1.15%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · AVNW · USD
Key Stats
Market Cap
315.70MP/E (TTM)
246.60Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
8-K
CFO resigns voluntarily
Aviat Networks' CFO Michael Connaway resigned effective September 10, 2025, after announcing on August 27, following a voluntary departure. He stays on as an employee through September 30 to ease the transition, with no new compensation tied to the exit. Leadership shifts like this test continuity. Investors await details on his replacement.
10-K
FY2025 results
Aviat Networks posted FY2025 revenue of $434.6 million, up 6.5% y/y, fueled by the NEC acquisition's $126.8 million contribution and 4RF's $25.3 million, though software and equipment sales dipped 3%. Q4 momentum shone with 21% managed services growth on a broader install base, yet gross margins compressed to 32.1% from 35.5% on lower-margin volumes. Acquisitions drove diversification into industrial wireless, but integration costs and $6.1 million interest expense on $88.1 million debt curbed net income to $1.3 million, down from $10.8 million. Liquidity remains solid at $59.7 million cash plus $51.3 million revolver availability, with no dividends or buybacks in Q4. No annual guidance disclosed. Supply chain disruptions from tariffs and geopolitics could stall quarterly momentum.
8-K
Aviat's Q4 profit jumps 236%
Aviat Networks reported fiscal 2025 Q4 revenue of $115.3 million, down 1.1% year-over-year, yet boosted GAAP net income to $5.2 million—a 236% surge—thanks to slashed operating expenses. Full-year revenue climbed 6.5% to $434.6 million, but GAAP operating income dipped 45.5% amid merger costs. Guidance eyes $440–$460 million revenue and $45–$55 million Adjusted EBITDA for 2026. Integration risks loom from recent acquisitions.
8-K
Credit facility expanded $40M
Aviat Networks boosted its credit facility on August 28, 2025, adding $20 million to term loans and $20 million to revolving commitments, lifting the total revolver to $95 million with new lenders like Silicon Valley Bank and HSBC joining. This expansion, secured amid a pro forma leverage ratio drop of at least 0.25, bolsters liquidity for operations. New lenders step in.
8-K
CFO transition and strong prelim results
Aviat Networks announced the resignation of CFO Michael Connaway effective after filing its fiscal 2025 10-K, with Andrew Fredrickson stepping in as interim CFO to ensure a smooth transition amid an ongoing search for a permanent replacement. Preliminary Q4 results show GAAP net income exceeding $4.5 million, up from $1.5 million last year, while non-GAAP Adjusted EBITDA tops $14.0 million versus $11.9 million prior. This leadership shift supports continuity. Yet risks could alter final figures.
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