Aviat Networks Inc
NASDAQ:AVNW
Income Statement
Earnings Waterfall
Aviat Networks Inc
Revenue
|
357.3m
USD
|
Cost of Revenue
|
-226.1m
USD
|
Gross Profit
|
131.2m
USD
|
Operating Expenses
|
-104.1m
USD
|
Operating Income
|
27.1m
USD
|
Other Expenses
|
-12m
USD
|
Net Income
|
15.1m
USD
|
Income Statement
Aviat Networks Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Dec-2021 | Apr-2022 | Jul-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
407
N/A
|
370
-9%
|
346
-6%
|
335
-3%
|
340
+2%
|
334
-2%
|
336
+1%
|
333
-1%
|
313
-6%
|
298
-5%
|
269
-10%
|
247
-8%
|
245
-1%
|
244
-1%
|
242
-1%
|
240
-1%
|
233
-3%
|
236
+1%
|
243
+3%
|
247
+2%
|
250
+1%
|
242
-3%
|
244
+1%
|
242
-1%
|
233
-4%
|
240
+3%
|
239
-1%
|
246
+3%
|
261
+6%
|
266
+2%
|
275
+3%
|
282
+3%
|
289
+3%
|
297
+3%
|
303
+2%
|
311
+3%
|
324
+4%
|
333
+3%
|
347
+4%
|
353
+2%
|
357
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(296)
|
(272)
|
(261)
|
(251)
|
(253)
|
(250)
|
(255)
|
(253)
|
(241)
|
(230)
|
(207)
|
(189)
|
(183)
|
(178)
|
(166)
|
(165)
|
(157)
|
(160)
|
(162)
|
(166)
|
(169)
|
(162)
|
(165)
|
(158)
|
(153)
|
(155)
|
(154)
|
(160)
|
(166)
|
(167)
|
(172)
|
(177)
|
(183)
|
(190)
|
(194)
|
(199)
|
(207)
|
(214)
|
(222)
|
(226)
|
(226)
|
|
Gross Profit |
110
N/A
|
97
-12%
|
85
-12%
|
84
-2%
|
87
+4%
|
84
-4%
|
81
-4%
|
80
-1%
|
72
-10%
|
69
-4%
|
62
-10%
|
58
-6%
|
63
+8%
|
66
+5%
|
76
+14%
|
75
0%
|
76
+1%
|
77
+1%
|
81
+5%
|
81
+1%
|
82
+1%
|
80
-2%
|
79
-1%
|
84
+6%
|
80
-5%
|
86
+7%
|
85
-1%
|
86
+2%
|
95
+10%
|
99
+4%
|
103
+4%
|
105
+2%
|
106
+1%
|
108
+2%
|
109
+1%
|
113
+3%
|
117
+4%
|
119
+2%
|
124
+4%
|
127
+2%
|
131
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(133)
|
(130)
|
(125)
|
(119)
|
(115)
|
(108)
|
(102)
|
(99)
|
(92)
|
(89)
|
(87)
|
(84)
|
(81)
|
(78)
|
(76)
|
(74)
|
(75)
|
(77)
|
(78)
|
(78)
|
(78)
|
(78)
|
(77)
|
(78)
|
(78)
|
(80)
|
(77)
|
(75)
|
(75)
|
(75)
|
(78)
|
(79)
|
(80)
|
(80)
|
(80)
|
(85)
|
(88)
|
(90)
|
(95)
|
(97)
|
(104)
|
|
Selling, General & Administrative |
(93)
|
(91)
|
(89)
|
(86)
|
(85)
|
(80)
|
(76)
|
(74)
|
(69)
|
(67)
|
(66)
|
(64)
|
(62)
|
(59)
|
(57)
|
(56)
|
(56)
|
(57)
|
(58)
|
(58)
|
(58)
|
(57)
|
(56)
|
(57)
|
(57)
|
(59)
|
(58)
|
(56)
|
(55)
|
(55)
|
(56)
|
(56)
|
(56)
|
(56)
|
(58)
|
(63)
|
(65)
|
(66)
|
(70)
|
(72)
|
(76)
|
|
Research & Development |
(39)
|
(38)
|
(36)
|
(32)
|
(29)
|
(27)
|
(25)
|
(24)
|
(23)
|
(22)
|
(21)
|
(20)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(19)
|
(19)
|
(19)
|
(20)
|
(22)
|
(23)
|
(24)
|
(24)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(25)
|
(28)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(22)
N/A
|
(32)
-45%
|
(40)
-23%
|
(35)
+12%
|
(28)
+21%
|
(24)
+13%
|
(21)
+12%
|
(19)
+12%
|
(20)
-10%
|
(20)
+0%
|
(25)
-23%
|
(26)
-4%
|
(18)
+29%
|
(11)
+38%
|
(0)
+96%
|
1
N/A
|
1
N/A
|
(0)
N/A
|
3
N/A
|
3
+15%
|
3
+10%
|
2
-33%
|
2
-5%
|
6
+162%
|
2
-73%
|
6
+287%
|
7
+28%
|
11
+53%
|
20
+80%
|
24
+17%
|
25
+3%
|
25
+4%
|
26
+1%
|
28
+9%
|
29
+4%
|
27
-6%
|
29
+5%
|
29
+0%
|
29
+2%
|
30
+1%
|
27
-9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
(7)
|
(11)
|
(11)
|
(8)
|
(8)
|
(7)
|
(5)
|
(3)
|
(3)
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(0)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(1)
|
(0)
|
(2)
|
(3)
|
(4)
|
(3)
|
(2)
|
(3)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
2
|
(1)
|
(0)
|
(1)
|
(3)
|
(1)
|
(2)
|
|
Pre-Tax Income |
(29)
N/A
|
(43)
-47%
|
(51)
-19%
|
(43)
+16%
|
(35)
+17%
|
(31)
+13%
|
(26)
+15%
|
(22)
+16%
|
(24)
-8%
|
(21)
+10%
|
(29)
-34%
|
(30)
-6%
|
(23)
+25%
|
(15)
+36%
|
(1)
+96%
|
1
N/A
|
1
+17%
|
(0)
N/A
|
1
N/A
|
1
-23%
|
1
+10%
|
0
-91%
|
2
+1 500%
|
5
+194%
|
0
-91%
|
4
+925%
|
4
-10%
|
9
+135%
|
18
+107%
|
21
+16%
|
22
+7%
|
23
+1%
|
24
+5%
|
27
+13%
|
30
+13%
|
25
-19%
|
25
+0%
|
25
-1%
|
23
-6%
|
27
+15%
|
23
-15%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
1
|
2
|
2
|
3
|
(2)
|
1
|
1
|
0
|
0
|
(2)
|
2
|
1
|
51
|
51
|
48
|
56
|
8
|
6
|
6
|
(1)
|
(4)
|
(3)
|
(4)
|
88
|
88
|
86
|
84
|
(8)
|
(9)
|
(11)
|
(11)
|
(12)
|
(12)
|
(8)
|
(8)
|
|
Income from Continuing Operations |
(31)
|
(44)
|
(52)
|
(44)
|
(38)
|
(34)
|
(25)
|
(20)
|
(22)
|
(18)
|
(30)
|
(29)
|
(22)
|
(14)
|
(1)
|
(1)
|
3
|
1
|
52
|
52
|
49
|
56
|
10
|
11
|
7
|
3
|
0
|
6
|
14
|
108
|
110
|
109
|
108
|
19
|
21
|
14
|
14
|
13
|
12
|
18
|
15
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(33)
N/A
|
(46)
-40%
|
(51)
-12%
|
(43)
+15%
|
(37)
+14%
|
(34)
+9%
|
(25)
+28%
|
(20)
+18%
|
(22)
-8%
|
(18)
+16%
|
(30)
-63%
|
(29)
+2%
|
(22)
+25%
|
(14)
+34%
|
(1)
+94%
|
(1)
-13%
|
3
N/A
|
0
-88%
|
2
+500%
|
2
N/A
|
(1)
N/A
|
6
N/A
|
10
+64%
|
11
+8%
|
7
-38%
|
3
-55%
|
0
-90%
|
6
+1 900%
|
14
+138%
|
108
+657%
|
110
+2%
|
109
-1%
|
108
-1%
|
19
-82%
|
21
+9%
|
14
-35%
|
14
+1%
|
13
-8%
|
12
-9%
|
18
+58%
|
15
-17%
|
|
EPS (Diluted) |
-3.17
N/A
|
-4.44
-40%
|
-4.97
-12%
|
-4.2
+15%
|
-3.56
+15%
|
-3.27
+8%
|
-2.39
+27%
|
-1.96
+18%
|
-2.08
-6%
|
-1.74
+16%
|
-2.84
-63%
|
-2.76
+3%
|
-2.02
+27%
|
-1.35
+33%
|
-0.08
+94%
|
-0.08
N/A
|
0.21
N/A
|
0.02
-90%
|
0.15
+650%
|
0.16
+7%
|
-0.08
N/A
|
0.52
N/A
|
0.87
+67%
|
0.94
+8%
|
0.58
-38%
|
0.26
-55%
|
0.02
-92%
|
0.56
+2 700%
|
1.25
+123%
|
9.17
+634%
|
9.42
+3%
|
9.06
-4%
|
9
-1%
|
1.64
-82%
|
1.79
+9%
|
1.22
-32%
|
1.16
-5%
|
1.06
-9%
|
0.97
-8%
|
1.54
+59%
|
1.23
-20%
|