Try Alerts Free   |   Login
Technology › Radio And Tv Broadcasting And Communications Equipment

AVNW Price Correlated With Financials For Aviat Networks

Free historical financial statements for Aviat Networks Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2011. Compare with AVNW stock chart to see long term trends.

AVNW Stock Compared to Quarterly

AVNW Income Statement

Revenue, Net:77421000
Revenue Per Share:6.9209
Cost of Goods & Services Sold:49959000
Gross Profit:27462000
Selling, General & Admin Expense:16352000
Research & Development Expense:5258000
Total Operating Expenses:22221000
Operating Income:6903000
Income Taxes:2785000
Net Income:4533000
Earnings Per Share, Basic:0.41
Shares Outstanding, Basic Avg:11186477

AVNW Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:1019000
Change in Accounts Receiveable:-2533000
Net Cash from Operations:13577000
Net Cash from Operations Per Share:1.2137
Repurchases/Buybacks Common Stock:-4611000
Net Cash from Financing Activities:-836000
Property, Plant & Equipment Purchases:764000
Net Cash from Investing Activities:-6551000
Net Change in Cash & Equivalents:5631000

AVNW Balance Sheet

Cash and Cash Equivalents:37104000
Short-Term Investments:10893000
Accounts Receivable, Net:73168000
Total Current Assets:206401000
Property, Plant & Equipment, Net:8887000
Total Assets:323904000
Accounts Payable:42394000
Total Short-Term Liabilities:104479000
Total Liabilities:122151000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Gray David M   Sr VP and CFO
500 sh at $32
$15,877
Buy
SMITH PETE A   President & CEO
1,550 sh at $32
$50,204
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Royce & Associates Lp
636,087 sh
21,760 sh
4%
$15,928
-$2,975
Blackrock Inc.
520,962 sh
-4,200 sh
-1%
$13,045
-$3,114
Vanguard Group Inc
491,973 sh
31,160 sh
7%
$12,319
-$1,860
AIGH Capital Management LLC
407,918 sh
 
$10,214
Punch & Associates Investment Management, Inc.
399,900 sh
31,700 sh
9%
$10,013
-$1,317
Select Equity Group, L.P.
391,281 sh
177,887 sh
83%
$9,798
$3,232
Dimensional Fund Advisors LP
363,129 sh
10,464 sh
3%
$9,092
-$1,759
Driehaus Capital Management LLC
327,585 sh
-2,112 sh
-1%
$8,203
-$1,942
State Street Corp
277,521 sh
4,534 sh
2%
$6,949
-$1,451
Penderfund Capital Management Ltd.
224,109 sh
-36,000 sh
-14%
$7,223
-$2,783
Millennium Management LLC
206,038 sh
159,531 sh
343%
$5,159
$3,728
Geode Capital Management, LLC
185,114 sh
4,596 sh
3%
$4,635
-$919
Putnam Investments LLC
180,140 sh
-5,418 sh
-3%
$4,511
-$1,199
Acadian Asset Management LLC
171,823 sh
-46,149 sh
-21%
$4,302
-$2,404
Worth Venture Partners, LLC
138,256 sh
35,846 sh
35%
$3,746
$595
Assenagon Asset Management S.A.
125,184 sh
14,630 sh
13%
$3,135
-$267
Jacobs Levy Equity Management, Inc
114,188 sh
-74,285 sh
-39%
$2,859
-$2,940
First Eagle Investment Management, LLC
110,736 sh
49,808 sh
82%
$2,773
$898
Paradigm Capital Management Inc/Ny
98,700 sh
48,700 sh
97%
$2,471
$933
Citadel Advisors LLC
73,067 sh
36,967 sh
102%
$1,830
$719
COMPANY PROFILE
The Company and Summary of Significant Accounting Policies The Company

We design, manufacture and sell a range of wireless networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, public safety agencies and broadcast system operators across the globe. Our products include broadband wireless access base stations and customer premises equipment for fixed and mobile, point-to-point digital microwave radio systems for access, backhaul, trunking and license-exempt applications, supporting new network deployments, network expansion, and capacity upgrades.

We were incorporated in Delaware in 2006 to combine the businesses of Harris Corporation’s Microwave Communications Division (“MCD”) and Stratex Networks, Inc. (“Stratex”). On January 28, 2010, we changed our corporate name from Harris Stratex Networks, Inc. to Aviat Networks, Inc. (“the Company”, “Aviat Networks,” “Aviat”, “we,” “us,” and “our”) to more effectively reflect our business and communicate our brand identity to customers. Additionally, the change of our corporate name was to comply with the termination of the Harris Corporation (“Harris”) trademark licensing agreement resulting from the spin-off by Harris of its interest in our stock to its stockholders in May 2009.

Basis of Presentation

The consolidated financial statements include the accounts of Aviat Networks and its wholly-owned and majority owned subsidiaries. Significant intercompany transactions and accounts have been eliminated.

Our fiscal year ends on the Friday nearest June 30. This was July 2, for fiscal 2021, July 3, for fiscal 2020 and June 28, for fiscal 2019. Fiscal 2021 presented 52 weeks while fiscal 2020 included 53 weeks and fiscal 2019 included 52 weeks. In these notes to consolidated financial statements, we refer to our fiscal years as “fiscal 2021”, “fiscal 2020” and “fiscal 2019.”

Stock Split

On April 7, 2021 we effected a two-for-one stock split in the form of a stock dividend to shareholders of record as of April 1, 2021. Common stock, Additional paid-in-capital, per share and equity award amounts for all periods presented have been retrospectively reclassified to reflect the two-for-one stock split in the form of a stock dividend.

Use of Estimates

The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) requires us to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are based upon historical factors, current circumstances and the experience and judgment of our management. We evaluate our estimates and assumptions on an ongoing basis and may employ outside experts to assist us in making these evaluations. Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in future periods. Such estimates affect significant items, including revenue recognition, provision for uncollectible receivables, inventory valuation, valuation allowances for deferred tax assets and uncertainties in income taxes.

Cash, Cash Equivalents and Restricted Cash

We consider all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents. Cash equivalents are carried at amortized cost, which approximates fair value due to the short-term nature of these investments. Investments with an original maturity of greater than three months are accounted for as short-term investments and are classified as such at the time of purchase.

We hold cash and cash equivalents at several major financial institutions, which often significantly exceed Federal Deposit Insurance Corporation insured limits. However, a substantial portion of the cash equivalents is invested in prime money market funds which are backed by the securities in the fu

Data imported from Aviat Networks Inc SEC filings. Check original filings before making any investment decision.