Aviat Networks, Inc. (NASDAQ:AVNW)

Aviat Networks (NASDAQ: AVNW) ($19.67; $249.4M market cap) announced Q3 2025 results:

• Q3 sales of $112.6 million vs. $110.8 million in the prior year

• Q3 EPS of $0.88 (non-GAAP) vs. $0.78 (non-GAAP) in the prior year

"Set a new record for quarterly Adjusted EBITDA driven by strong margins and operating expense cost management."

 "Accepted first orders for ProVision Plus network management software from Pasolink customers, marking initial steps in capturing a $50 million opportunity over the next five years."

Noteworthy Disclosures:

• Backlog: Company achieved its 19th consecutive quarter of trailing twelve-month revenue growth.

• Guidance: Reiterated full year 2025 guidance of $430M to $470M in revenue and $30M to $40M in Adjusted EBITDA.

• Product Milestone: First orders received for ProVision Plus from Pasolink customers.

• Capital Structure: Ended Q3 with $49.4M in cash and $24.5M in net debt.

Aviat Networks, Inc. provides microwave and wireless networking solutions, including radios, routers, private LTE, and network management software. Its solutions serve both communications service providers and private network operators across sectors like government, transportation, energy, utilities, public safety, and broadcasting.

Fourth Quarter 2012 Results

• Revenue for the quarter was above guidance range at $116.0M 
• GAAP Gross Margin of 28.3%; Non-GAAP Gross Margin was below guidance range at 28.6% due to unfavorable product mix and negative FX impacts
• GAAP Net Loss including discontinued operations of $(1.3)M or $(0.02) per share; Non-GAAP Net Income from continuing operations of $1.2M or $0.02 per share
• Generated positive cash flow from operations of $9.2M