AVIAT NETWORKS Reports 17.8% Increase in Total Revenue for Fourth Quarter of FY2023
August 30, 2023
☀️Earnings Overview
AVIAT NETWORKS ($NASDAQ:AVNW) reported its fourth quarter FY2023 earnings results, for the period ending June 30, 2023, with total revenue of USD 91.2 million, rising 17.8% year-on-year. Despite this, net income declined 26.3% compared to the same quarter in the prior year, totaling USD 3.3 million.
Analysis
GoodWhale has conducted an analysis of AVIAT NETWORKS‘s fundamentals and found that it to be a high risk investment in terms of financial and business aspects. The Risk Rating has been determined based on various factors, such as income sheet, balance sheet, profitability, liquidity, and more. In particular, GoodWhale has detected two risk warnings in the income sheet and balance sheet, which indicate that this company is exposed to a significant amount of risk. Investors should take caution and investigate further into AVIAT NETWORKS’s financial situation before making any decisions. GoodWhale encourages all interested parties to register with us and check out the complete report of AVIAT NETWORKS’s risk rating. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aviat Networks. More…
| Total Revenues | Net Income | Net Margin |
| 346.59 | 11.53 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aviat Networks. More…
| Operations | Investing | Financing |
| 4.57 | -7.79 | -4.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aviat Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 364.5 | 144.4 | 19.24 |
Key Ratios Snapshot
Some of the financial key ratios for Aviat Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | 58.2% | 8.5% |
| FCF Margin | ROE | ROA |
| -0.4% | 8.4% | 5.0% |
Peers
Aviat Networks Inc is a leading provider of wireless networking solutions. The company’s products are used by service providers, enterprises, and government organizations worldwide. Aviat Networks is headquartered in Santa Clara, California, and has offices in more than 30 countries.
Raisecom Technology Co Ltd, Calnex Solutions PLC, and Edimax Technology Co Ltd are all leading providers of wireless networking solutions. These companies compete with Aviat Networks in the global market for wireless networking solutions.
– Raisecom Technology Co Ltd ($SHSE:603803)
Raisecom Technology Co Ltd is a Chinese company that specializes in the development and manufacture of telecommunications equipment. The company has a market capitalization of $3.06 billion as of 2022 and a return on equity of -0.43%. Raisecom Technology Co Ltd is a leading provider of broadband access, Ethernet switching, and optical transport solutions. The company’s products are used in a variety of applications, including enterprise networking, data center, and service provider networks.
– Calnex Solutions PLC ($LSE:CLX)
Calnex Solutions PLC is a provider of network testing solutions. The company operates in two segments, Network Infrastructure and Carrier Networks. The Network Infrastructure segment offers solutions for next-generation networks, including 5G, 4G/LTE, VoLTE, IMS, and VoWiFi. The Carrier Networks segment provides solutions for mobile backhaul, microwave backhaul, and fronthaul networks.
Calnex Solutions PLC has a market cap of 123.41M as of 2022 and a Return on Equity of 18.32%. The company’s strong market position and financial performance are attributable to its focus on innovative products and solutions. Calnex Solutions PLC is well-positioned to continue its growth trajectory in the coming years.
– Edimax Technology Co Ltd ($TWSE:3047)
Edimax Technology Co Ltd is a Taiwanese electronics company that specializes in the manufacturing of networking equipment. The company has a market capitalization of $3.11 billion as of 2022 and a return on equity of 4.99%. Edimax’s product lineup includes routers, switches, network adapters, and wireless networking devices. The company has a global presence and its products are sold in over 100 countries.
Summary
Investors considering AVIAT NETWORKS should note its recent quarterly earnings results. For the fourth quarter of FY2023, total revenue was up 17.8%, reaching USD 91.2 million. Net income, however, decreased by 26.3% year-over-year to USD 3.3 million.
Investors should monitor the company’s performance to determine whether it is poised to continue to meet or exceed expectations. Although revenue growth was strong, the decrease in net income is a cause for concern and warrants further investigation.
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