AVIAT NETWORKS, INC. Income Statement
AVNW|10 years of annual SEC 10-K data (FY2012-FY2021)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 10 fiscal years. All figures from audited SEC 10-K filings.
AVIAT NETWORKS, INC. reported $244M in revenue and $10M in net income for FY2021. Revenue has declined at a 6.9% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.63 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $243.9M | $242.5M | $241.9M | $268.7M | $335.9M | $346.0M | $471.3M | $444.0M | $452.1M | $465.5M |
| Cost of Revenue | $164.6M | $162.0M | $166.4M | $207.0M | $255.2M | $260.8M | $332.9M | $312.3M | $324.0M | $332.7M |
| Gross Profit | $79.3M | $80.5M | $75.5M | $61.7M | $80.7M | $85.2M | $138.4M | $131.7M | $128.1M | $132.8M |
| SG&A Expense | $56.1M | $58.2M | $57.2M | $65.9M | $76.0M | $88.8M | $95.5M | $99.5M | $107.6M | $134.7M |
| R&D Expense | $21.1M | $19.8M | $18.7M | $20.8M | $25.4M | $35.5M | $39.4M | $36.0M | $40.5M | $31.1M |
| Operating Income | $1.4M | $1.3M | -$985.0K | -$27.4M | -$25.9M | -$50.6M | $0 | -$13.3M | -$38.2M | -$111.5M |
| Interest Expense | $102.0K | $29.0K | $50.0K | $104.0K | $388.0K | $389.0K | $800.0K | $1.3M | $2.2M | $2.2M |
| Income Tax | -$8.2M | -$1.0M | $16.0K | $1.6M | -$1.3M | $1.5M | $13.3M | $1.5M | $14.1M | -$3.8M |
| Net Income | $9.7M | $1.8M | -$823.0K | -$29.9M | -$24.6M | -$51.1M | -$16.7M | -$24.1M | -$90.5M | -$130.2M |
| EPS (Basic) | $0.91 | $0.35 | -$0.16 | -$5.71 | -$0.12 | - | - | - | - | - |
| EPS (Diluted) | $0.87 | $0.33 | -$0.16 | -$5.71 | -$0.12 | -$9.95 | -$0.28 | -$0.41 | -$1.54 | -$2.19 |
| Shares Outstanding | 10.8M | 5.4M | 5.4M | 5.3M | 5.3M | 5.2M | 62.2M | 61.3M | 61.3M | 60.6M |
| Gross Margin | 32.5% | 33.2% | 31.2% | 23.0% | 24.0% | 24.6% | 29.4% | 29.7% | 28.3% | 28.5% |
| Operating Margin | 0.6% | 0.5% | -0.4% | -10.2% | -7.7% | -14.6% | 0.0% | -3.0% | -8.5% | -23.9% |
| Profit Margin | 4.0% | 0.8% | -0.3% | -11.1% | -7.3% | -14.8% | -3.5% | -5.4% | -20.0% | -28.0% |