Aviat Networks (AVNW) Reports Q1 Loss of $0.49/Share

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Go back to Aviat Networks (AVNW) Reports Q1 Loss of $0.49/Share

Aviat Networks Announces First Quarter of Fiscal 2017 Financial Results

November 14, 2016 4:01 PM EST

MILPITAS, Calif., Nov. 14, 2016 /PRNewswire/ --

Revenue of $58.2 million; Book to Bill > 1 GAAP Gross Margin of 29.8%, an increase of 340 basis points year-over-year; Non-GAAP Gross Margin of 29.9%, an improvement of 340 basis points year-over-year GAAP Operating Expenses of $20.3 million, a reduction of $2.3 million or 10.3% year-over-year; Non-GAAP Operating Expenses of $19.7 million, a reduction of $2.4 million or 10.9% year-over-year GAAP Net Loss Attributable to Aviat Networks of $(0.6) million, an improvement of $0.6 million year-over-year Non-GAAP Loss from Continuing Operations Attributable to Aviat Networks of $(2.6) million, a decline of $1.2 million year-over-year Adjusted EBITDA of $(0.6)... More