← AVIAT NETWORKS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $268.7m $241.9m $242.5m $243.9m $238.6m $274.9m $303.0m $346.6m $408.1m $434.6m
Revenue from Contract with Customer, Including Assessed Tax $268.7m $241.9m $242.5m $243.9m $238.6m $274.9m $303.0m $346.6m $408.1m $434.6m
Cost of Revenue $207.0m $166.4m $162.0m $164.6m $153.9m $172.3m $193.7m $222.4m $263.4m $295.2m
Gross Profit $61.7m $75.5m $80.5m $79.3m $84.7m $102.6m $109.2m $124.2m $144.7m $139.4m
Operating Expenses $89.2m $76.5m $79.2m $77.9m $81.3m $80.4m $80.5m $97.8m $125.3m $128.9m
Operating Income (Loss) ($27.4m) ($985k) $1.3m $1.4m $3.4m $22.2m $28.7m $26.4m $19.4m $10.6m
Additional Financial Items
Amortization of Intangible Assets $0 $0 — — — — — $704k $1.0m $2.7m
Debt and Equity Securities, Gain (Loss) — — — — — — $2.6m — — —
Foreign Currency Transaction Gain (Loss), before Tax ($1.8m) ($712k) $214k ($664k) $419k $1.0m ($1.1m) ($1.0m) $300k $800k
Goodwill, Impairment Loss — — — — — — — — $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($4.2m) $11.0m $7.7m $5.8m $9.5m $26.3m $31.9m $20.5m $16.7m $2.0m
Income (Loss) from Continuing Operations, Per Basic Share — — $0 — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share ($5.71) ($0) $0 $2 $0 $9.42 $2 $1 $1 $0
Investment Income, Interest $252k $261k $198k $267k $385k $230k — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — $30.4m $23.1m $16.9m $3.6m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($30.4m) ($823k) $1.8m — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($30.2m) ($621k) $2.3m $9.7m — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $541k $0 $0 — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $541k $0 $0 — — — — — — —
Net Income (Loss) Attributable to Parent ($29.9m) ($823k) $1.8m $9.7m $257k $110.1m $21.2m $11.5m $10.8m $1.3m
Net Income (Loss) Available to Common Stockholders, Basic ($29.9m) ($823k) $1.8m $9.7m $257k $110.1m $21.2m $11.5m $10.8m $1.3m
Net Income (Loss) Attributable to Noncontrolling Interest $270k $202k $457k $0 $0 — — — — —
Earnings Per Share, Basic ($5.71) ($0.16) $0.35 $1.81 $0.05 $9.98 $1.89 $1.01 $0.88 $0.11
Earnings Per Share, Diluted ($5.71) ($0.16) $0.33 $1.73 $0.05 $9.42 $1.79 $0.97 $0.86 $0.10
Weighted Average Number of Shares Outstanding, Basic — — 5.3m 5.4m 5.4m 11.0m 11.2m 11.4m 12.2m 12.7m
Weighted Average Number of Shares Outstanding, Diluted — — 5.6m 5.6m 5.5m 11.7m 11.8m 11.9m 12.5m 12.8m
Selling, General and Administrative Expense $65.9m $57.2m $58.2m $56.1m $58.0m $56.3m $57.7m $69.8m $85.0m $89.5m
Other Nonoperating Income (Expense) — — — — $0 $0 $1.7m ($3.3m) ($158k) ($941k)
Current Income Tax Expense (Benefit) $2.0m ($59k) $2.1m $572k $3.6m $2.3m $1.6m $2.1m $2.5m $2.6m
Interest Expense $104k $50k $29k $102k $54k $0 — — — —
Nonoperating Income (Expense) — $169k ($220k) $17k — — — — — —
Operating Lease, Expense — — — — $3.7m $3.3m $3.6m $3.4m — —
Research and Development Expense $20.8m $18.7m $19.8m $21.1m $19.3m $21.8m $22.6m $24.9m $36.4m $35.8m
Income Tax Expense (Benefit) $1.6m $16k ($1.0m) ($8.2m) $3.5m ($87.7m) $9.3m $11.6m $6.1m $2.2m
Interest Income (Expense), Nonoperating, Net — — — — — — — — ($2.3m) ($6.1m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.