Aviat Company profile
About Aviat Networks Inc
Aviat Networks, Inc. is a global supplier of microwave networking solutions. The Company designs, manufactures, and sells a range of wireless networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, and broadcast system operators across the globe. The Company's products utilize microwave and millimeter wave technologies to create point to point wireless links for short, medium, and long-distance interconnections. Its products incorporate Ethernet switching and Internet protocol (IP) routing capabilities optimized for a microwave and millimeter wave environment and for hybrid applications of microwave and optical fiber transport, to form complete networking solutions. The Company provides software tools and applications to enable deployment, monitoring, network management and optimization of its systems as well as to automate network design and procurement.
Financial summary
BRIEF: For the six months ended 31 December 2021, Aviat Networks Inc revenues increased 10% to $151M. Net income decreased 16% to $10.6M. Revenues reflect Service segment increase of 66% to $75.8M, North America segment increase of 8% to $102M, Africa and Middle East segment increase of 14% to $24.2M. Net income was offset by Research and development expen increase of 18% to $12M (expense).
Equity composition
Common Stock $.01 Par, 01/12, 300M auth., 61,334,466 O/S shar. Insiders own 2.38%. IPO 5/87, 1.85M shs. @ $15 by Goldman Sachs. PO 3/97, 2.2M shs @ $24.75 by Smith Barney. PO:11/99, 3.45M shs. @ $17.125 by CIBC World. 11/97, 2-for-1 stock split.
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