Aviat Networks (AVNW) Reports Q2 Loss of $0.09

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Go back to Aviat Networks (AVNW) Reports Q2 Loss of $0.09

Aviat Networks Announces Fiscal 2016 Second Quarter Financial Results

February 10, 2016 4:06 PM EST

SANTA CLARA, Calif., Feb. 10, 2016 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in microwave networking solutions, today reported financial results for its fiscal 2016 second quarter ended January 1, 2016.

Commenting on the Company's fiscal 2016 second quarter results, Michael Pangia, President and CEO of Aviat Networks stated, "For the third consecutive quarter, we had positive operating cash flow and exited the quarter with approximately $40 million in cash and cash equivalents. Despite the revenue decline, our orders increased sequentially and we remain well positioned within our target markets.  We are however,... More