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Aviat lifts revenues 26%, moves back to profit in Q2 Thursday 4 February 2021 | 10:55 CET | News Aviat Networks moved back to a profit in its fiscal second quarter to 1 January, driven by significant customer wins for its multi-band transport solution for 5G, private networks and rural broadband, as well as lower operating costs and improved product mix. Revenues for the quarter rose 26 percent from the year before to USD 70.5 million. Revenues from North America jumped 34.8 percent to USD 49.2 million, mainly driven by the Private Network Business, while at International, they increased 9.5 percent to USD 21.4 million, boosted mainly by Africa, the Middle East and Asia.
Aviat Networks Announces Fiscal 2021 Second Quarter and Six Months Financial Results
Total Revenue of $70.5 million; Up 26.0% Year-Over-Year
Adjusted EBITDA of $10.1 million; Up $9.7 million Year-Over-Year
Key Customer Wins in Mobile 5G with a U.S.-based Tier 1 5G operator and in Rural Broadband with Nextlink Internet
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AUSTIN, Texas, Feb. 3, 2021 /PRNewswire/ Aviat Networks, Inc. ( Aviat Networks, Aviat, or the Company ), (NASDAQ: AVNW), the leading expert in wireless transport solutions, reported today financial results for its fiscal 2021 second quarter ended January 1, 2021.
Second Quarter Highlights
Company continues to execute on key long-term strategic objectives resulting in highest reported quarterly revenues in more than five years and record Adjusted EBITDA margins.