Aviat Networks, Inc. (NASDAQ: AVNW) recorded 9 month basis financial figure

Shares of Aviat Networks, Inc. (NASDAQ: AVNW) closed the trading at a price of $12.96 with the negative change of -0.69%. In the past session approximately 11,361 shares were exchanged against the average daily trading volume of 7,980 shares. The stock touched to the maximum level of $13.14, and it reached the lower level of $12.85 in past session. The stock’s market capitalization has now valued at $69.694M. The stock’s low price in its 52 week is 12.29 per share while $18.16 as the 52 week high price. The last bid price was called at $12.80 x 1200 and the ask price was stated at $12.96 x 3000.

Aviat Networks, Inc. (NASDAQ: AVNW), recently stated financial results for its fiscal 2019 third quarter and nine months ended March 29, 2019.

Fiscal 2019 Third Quarter and Nine-Month Results Comparisons

The Company stated total revenue of $54.0M for its fiscal 2019 third quarter as contrast to $62.1M in the comparable fiscal 2018 period. The year-over-year change was Because of a $3.2M decline in North America revenue, with the majority related to a component shortage which has since been corrected, and a $4.9M decline in international revenue, primarily Because of lower spending in Africa, and offset by a raise in revenue primarily in the Asia region.

For the nine-month period in fiscal 2019, the Company stated total revenue of $179.6M, roughly in line with the comparable fiscal 2018 period. The year-over-year change for the nine-month period was primarily related to a $6.1M decline in North America revenue. This was partially offset by a $5.7M increase in international revenue, with an important increase in Asia.

GAAP operating loss was $2.5M for the fiscal 2019 third quarter, as contrast to a GAAP operating loss of $1.4M for the comparable fiscal 2018 period. Non-GAAP operating loss was $1.6M for the fiscal 2019 third quarter as contrast to a non-GAAP operating loss of $0.9M for the comparable fiscal 2018 period. For the fiscal 2019 nine-month period, the Company stated a GAAP operating loss of $1.1M as contrast to GAAP operating income of $0.3M in the comparable year-before period. For the fiscal 2019 nine-month period, the Company stated non-GAAP operating income of $1.5M, as contrast to non-GAAP operating income of $2.3M for the fiscal 2018 nine-month period.

For the fiscal 2019 third quarter, the Company stated GAAP net income of $4.3M or net income per diluted share of $0.78, as contrast to a GAAP net loss of $2.6M or a net loss per diluted share of $0.49 in the fiscal 2018 third quarter. The Company stated a non-GAAP net loss in the fiscal 2019 third quarter of $1.8M or a net loss per diluted share of $0.33, as contrast to a non-GAAP net loss in the fiscal 2018 third quarter of $1.4M or a net loss per diluted share of $0.26.

For the nine-month period in fiscal 2019, the Company stated GAAP net income of $5.9M or net income per diluted share of $1.05, as contrast to GAAP net income of $1.8M or net income per diluted share of $0.32. The Company stated non-GAAP net income of $0.6M or net income per diluted share of $0.11, as contrast to non-GAAP net income of $0.9M or net income per diluted share of $0.17 in the comparable fiscal 2018 period.

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