Aviat Networks (AVNW) Tops Q1 EPS by 1c, Offers Q2 Guidance

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Go back to Aviat Networks (AVNW) Tops Q1 EPS by 1c, Offers Q2 Guidance

Aviat Networks Announces First Quarter of Fiscal 2016 Financial Results

November 12, 2015 4:05 PM EST

SANTA CLARA, Calif., Nov. 12, 2015 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in microwave networking solutions, today reported financial results for the first quarter of fiscal 2016, which ended October 2, 2015.

Financial Highlights for Q1FY16

Revenue at $79.6 million Book to bill was below 1 GAAP Gross Margin at 26.4%; Non-GAAP Gross Margin at 26.5% GAAP Operating Expense at $22.6 million; Non-GAAP Operating Expense at $22.2 million GAAP Net Loss Attributable to Aviat Networks at $(1.2) million, or $(0.02) per share Non-GAAP Loss from Continuing Operations... More