Aviat Networks Inc. (AVNW) Stock Trends Higher as Momentum of Q4 2021 Financial Report Persists

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Aviat Networks Inc. (AVNW) stock prices were up by 0.17% shortly after market trading commenced on September 10th, 2021. This brought the price per share up to USD$35.71 early on in the trading day.

AVNW Stock’s Revenue Reports

Total revenues for the fourth quarter of fiscal 2021 came out to USD$71.7 million. This is comparable to the USD$62.7 million reported in the prior-year quarter, representing a 14.4% or USD$9 million year-over-year increase. AVNW stock’s North American revenues were up by 21.4%, with the 2021 quarter reporting USD$46.4 million compared to the USD$38.2 million in Q4 2020. International revenues were up by 3.5%, coming in at USD$25.3 million for Q4 2021 as compared to the USD$24.4 million reported in the last quarter of 2020.

Gross Margin Breakdown

GAAP gross margin for the last quarter of 2021 came out to 36.2%, as compared to the GAAP gross margin of 34.9% as of the prior-year quarter. Non-GAAP gross margin for Q4 2021 came out to 34.9% in Q4 2021. AVNW stock’s year-over-year difference in GAAP gross margin represented an increase of 180 basis points, while non-GAAP gross margin was up by 190 basis points.

AVNW Stock’s Operating Expenses

GAAP total operating expenses for Q4 2021 came out to USD$22.1 million. This is comparable to the USD$19.7 million reported in the prior-year quarter, representing an increase of 12.2% or USD$2.4 million. Non-GAAP total operating expenses exclude the effect of AVNW stock’s restructuring charges and share-based compensation. Reports for the fourth quarter of fiscal 2021 came out to USD$20.4 million, up from the USD$17.5 million in Q4 2020. The 16.2 year-over-year increase was largely attributable to the reinvesting of restructuring savings in growth-related initiatives.

Solid Liquidity Position

AVNW stock reported a solid liquidity position as of the end of the fourth quarter of fiscal 2021. The company reported USD$47.9 million as of July 2nd, 2021. This is comparable to the USD$45.8 million reported as of April 2nd 2021 and USD$32.6 million as of July 3rd, 2020. The company reported having no outstanding loans at the end of Q4 2021.

Future Outlook for AVNW Stock

AVNW stock reported an encouraging end to the fiscal 2021 year, consolidated by the strength of its financial reports for the quarter and the full year. The company is keen to leverage the resources at its disposal to maintain its trajectory of success. Investors are hopeful that this will result in significant and sustained increases in shareholder value.

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