AVIAT NETWORKS, INC.

Listed Company

AVNWCIK 0001377789NasdaqAcceleratedRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$1.34M

Total Assets

$633.30M

Equity

$263.18M

Shares Out

12.90M

Op. Cash Flow

$5.72M

Business

Aviat Networks, Inc. designs, manufactures and sells microwave and millimeter‑wave wireless transport and access networking solutions globally, backed by professional services and support. Its product and service offerings include high‑capacity microwave and E‑band radios, routers (CTR 8000), management software (ProVision Plus, AviatCloud), antennas and third‑party integration, plus planning, deployment, maintenance and hosted services. The company serves two principal customer segments—communications service providers and private network operators—and provides turnkey solutions, equipment sourcing and professional services. It markets worldwide with direct sales and service teams, OEM/system integrator relationships, dealers/resellers and an online Aviat Store, with concentrated resources in North America, Europe, Southern Africa and the Philippines.

Summary from filing dated 2025-09-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenues	435	408	344	303	275
Total cost of revenues	295	263	222	194	172
Gross margin	139	145	122	109	103
Research and development	36	36	25	23	22
Selling and administrative	89	85	70	58	56
Restructuring charges	4	4	3	238,000	2
Total operating expenses	129	125	98	80	80
Operating income	11	19	25	29	22
Interest expense, net	6	2	532,000	−157,000	—
Other expense, net	941,000	158,000	3	−2	230,000
Income before income taxes	4	17	21	30	22
Provision for income taxes	2	6	11	9	−88
Net income, basic	1	11	10	21	110
Net income, diluted	1	11	10	21	110
Net income attributable to Aviat Networks	1	11	10	21	110
Basic (in dollars per share)	0.11	0.88	0.9	1.89	9.98
Diluted (in dollars per share)	0.1	0.86	0.86	1.79	9.42
Basic (in shares)	13	12	11	11	11
Diluted (in shares)	13	12	12	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	60	65	22	37	48
Accounts receivable, net	180	158	101	73	48
Unbilled receivables	106	91	57	46	38
Inventories	84	62	33	27	23
Assets held for sale	0	3	0	—	—
Other current assets	34	27	22	12	10
Total current assets	464	405	236	206	170
Property, plant and equipment, net	17	9	9	9	12
Goodwill	20	8	5	0	—
Intangible assets, net	27	14	9	0	—
Deferred income taxes	88	83	87	95	103
Right-of-use assets	3	4	3	3	4
Other assets	14	12	14	10	8
Total assets	633	535	363	324	298
Accounts payable	148	93	60	42	32
Accrued expenses	39	42	24	26	28
Operating lease liabilities	1	1	610,000	513,000	769,000
Advance payments and unearned revenue	74	59	44	34	32
Other current liabilities	2	22	600,000	—	—
Current portion of long-term debt	19	2	0	—	—
Total current liabilities	282	219	130	104	96
Long-term debt	69	46	0	—	—
Unearned revenue	8	7	7	9	9
Long-term operating lease liabilities	2	3	2	2	3
Other long-term liabilities	430,000	394,000	314,000	273,000	356,000
Reserve for uncertain tax positions	3	3	4	6	5
Deferred income taxes	5	412,000	492,000	563,000	614,000
Total liabilities	370	279	144	122	114
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.01 par value; 50.0 million shares authorized; none issued	0	0	0	0	0
Common stock, $0.01 par value; 300.0 million shares authorized; 12.7 million and 12.6 million shares issued and outstanding as of June 27, 2025 and June 28, 2024, respectively	127,000	126,000	115,000	112,000	112,000
Treasury stock 0.2 million and 0.2 million shares as of June 27, 2025 and June 28, 2024, respectively	−7	−6	−6	−6	−787,000
Additional paid-in-capital	866	860	830	823	819
Accumulated deficit	−577	−579	−589	−599	−621
Accumulated other comprehensive loss	−19	−19	−16	−16	−14
Total stockholders equity	263	256	219	202	183
Total liabilities and stockholders equity	633	535	363	324	298

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation of property, plant and equipment	5	4	6	5	5
Amortization of intangible assets	3	1	700,000	0	0
Provision for uncollectible receivables	2	1	467,000	−23,000	171,000
Share-based compensation	7	7	7	4	3
Deferred taxes	182,000	4	9	8	−91
Inventory write-downs	2	4	2	2	1
Non-cash lease expense	2	948,000	639,000	1	−342,000
Net (gain) loss on marketable securities	−103,000	41,000	2	−3	0
Other non-cash operating activities, net	355,000	128,000	67,000	−55,000	6,000
Accounts receivable	−29	−9	−25	−26	−4
Unbilled receivables	−15	−35	−12	−9	−9
Inventories	−24	2	−5	−4	−11
Accounts payable	50	17	16	11	580,000
Accrued expenses	−7	15	−4	876,000	2
Advance payments and unearned revenue	16	12	6	2	11
Income taxes payable	2	1	710,000	−2	159,000
Other assets and liabilities	−9	−5	−15	−8	−997,000
Net cash provided by (used in) operating activities	6	31	−2	3	17
Purchases of property, plant and equipment	−13	−3	−5	−2	−3
Purchases of marketable securities	0	−925,000	0	−8	0
Proceeds from sale of marketable securities	0	538,000	9	0	0
Proceeds from sale of assets held for sale	3	0	0	2	0
Acquisitions, net of cash acquired	−18	−32	−16	0	—
Net cash used in investing activities	−29	−35	−12	−8	−3
Proceeds from revolver	95	33	102	0	—
Repayments of revolver	−80	−33	−102	0	—
Proceeds from term loan	75	50	0	0	—
Repayments of term loan	−51	−1	0	—	—
Payments of deferred financing costs	−529,000	−79,000	−753,000	0	0
Payments of deferred consideration for acquisitions	−19	0	0	—	—
Payments for repurchase of common stock treasury shares	−597,000	−332,000	0	−5	−787,000
Payments for taxes related to net settlement of equity awards	−1	−696,000	−1	−541,000	−167,000
Proceeds from issuance of common stock under employee stock plans	228,000	1	1	1	2
Net cash provided by (used in) financing activities	19	49	−681,000	−5	−8
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	1	−2	−311,000	−1	−77,000
Net (decrease) increase in cash, cash equivalents and restricted cash	−3	42	−15	−11	6
Unpaid property, plant and equipment	4	4	168,000	95,000	228,000
Common stock issued in connection with acquisition	0	22	0	0	—
Cash paid for interest	7	3	880,000	0	4,000
Cash paid for income taxes, net	2	808,000	2	1	−2

Filings

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