AVIAT NETWORKS, INC. AVNW Income Statement

Aviat networks, inc. (AVNW)

Income statement / Quarterly

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Revenues:
Total revenues
61,379	55,997	58,614	-	54,037	65,088	60,504	60,504	-	-	-	62,093	-	61,723	56,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from product sales
-	-	-	-	-	-	-	-	-	-	40,686	-	37,719	-	-	-	39,099	45,958	34,724	-	36,241	44,675	53,686	55,574	47,000	56,400	55,900	57,128	50,100	51,900	63,500	73,800	84,900	94,200	83,800	86,800	85,500	74,100	89,100	97,700	89,500	89,800	80,500
Revenue from services
-	-	-	-	-	-	-	-	-	-	21,407	-	24,004	-	-	-	19,601	22,578	23,483	-	24,226	25,741	25,869	32,204	27,800	34,500	26,500	28,304	31,300	33,900	29,900	35,200	33,400	34,800	31,200	29,200	26,100	30,900	22,300	23,200	26,000	25,500	19,900
Total revenues
-	-	-	-	-	-	-	-	-	-	62,093	-	61,723	-	-	-	58,700	68,536	58,207	-	60,467	70,416	79,555	87,778	74,800	90,900	82,400	85,432	81,400	85,800	93,400	109,000	118,300	129,000	115,000	116,000	111,600	105,000	111,400	120,900	115,500	115,300	100,400
Cost of revenues:
Cost of product sales
-	-	-	-	-	-	-	-	-	-	28,704	-	23,784	-	-	-	26,911	31,003	24,860	-	28,454	33,330	37,178	44,090	36,900	41,500	41,400	44,583	39,600	41,000	47,600	51,000	61,700	65,800	61,100	63,300	57,000	51,800	61,400	69,600	64,600	60,900	57,900
Cost of services
-	-	-	-	-	-	-	-	-	-	15,257	-	16,049	-	-	-	14,057	16,417	15,982	-	17,600	20,662	21,366	24,998	21,900	25,400	19,000	20,961	20,900	23,500	22,700	26,100	22,500	24,500	20,200	20,100	20,300	21,300	17,100	19,000	19,100	16,900	16,000
Amortization of purchased technology
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	200	100	200
Total cost of revenues
39,418	37,678	36,058	41,629	37,782	42,598	42,579	42,579	-	39,323	43,961	43,961	39,833	39,833	38,886	37,172	40,968	47,420	40,842	48,383	46,054	53,992	58,544	69,088	58,800	66,900	60,400	65,544	60,500	64,500	70,300	77,100	84,200	90,300	81,300	83,200	77,300	73,100	78,700	88,100	83,900	77,900	74,100
Gross margin
21,961	18,319	22,556	22,600	16,255	22,490	17,925	17,925	-	23,185	18,132	18,132	21,890	21,890	17,296	19,259	17,732	21,116	17,365	9,869	14,413	16,424	21,011	18,690	16,000	24,000	22,000	19,888	20,900	21,300	23,100	31,900	34,100	38,700	33,700	32,800	34,300	31,900	32,700	32,800	31,600	37,400	26,300
Operating expenses:
Research and development expenses
4,875	4,978	5,216	5,508	5,350	5,316	4,937	4,937	-	5,054	4,754	4,754	5,144	5,144	4,798	5,002	4,264	4,475	4,943	5,057	5,063	5,210	5,476	5,968	6,400	6,400	6,600	7,978	8,400	9,400	9,700	10,400	9,900	9,800	9,300	9,300	8,900	8,800	9,000	9,700	9,900	11,200	9,700
Selling and administrative expenses
15,233	14,457	14,644	14,650	13,408	14,291	13,706	13,706	-	15,586	14,745	14,745	14,104	14,104	13,722	14,657	13,284	14,056	15,187	16,472	16,140	16,178	17,112	17,605	18,000	21,200	19,200	21,376	23,000	22,200	22,200	23,800	24,700	23,700	23,300	24,200	25,400	25,300	24,600	27,400	26,700	25,100	28,400
Amortization of identifiable intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	100	100	100	80	100	100	100	100	100	100	100	100	100	700	700	700	700	700	700
Goodwill impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,600	-	-	0	0	-
Restructuring Charges
617	381	1,177	-60	0	0	796	796	-	1,531	-2	-2	-252	-252	2	246	111	72	160	1,596	804	34	21	167	3,200	0	1,500	2,198	4,200	300	4,500	2,200	400	200	300	900	400	100	900	2,000	4,400	3,400	5,600
Total operating expenses
20,725	19,816	21,037	20,098	18,758	19,607	19,439	19,439	-	22,171	19,497	19,497	18,996	18,996	18,522	19,905	17,659	18,603	20,290	23,125	22,007	21,422	22,609	23,820	27,700	27,700	27,400	31,632	35,700	32,000	36,500	36,500	35,100	33,800	33,000	34,500	34,800	40,500	35,200	39,800	41,700	40,400	44,400
Operating income (loss)
1,236	-1,497	1,519	2,502	-2,503	2,883	-1,514	-1,514	-	1,014	-1,365	-1,365	2,894	2,894	-1,226	-646	73	2,513	-2,925	-13,256	-7,594	-4,998	-1,598	-5,130	-11,700	-3,700	-5,400	-11,744	-14,800	-10,700	-13,400	-4,600	-1,000	4,900	700	-1,700	-500	-8,600	-2,500	-7,000	-10,100	-3,000	-18,100
Other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	-
Interest income
112	120	86	100	73	43	51	51	-	49	49	49	42	42	58	93	42	72	54	57	58	55	82	60	100	100	100	80	300	100	0	100	200	200	300	300	0	100	200	0	200	0	100
Interest expense
19	1	3	14	7	76	5	5	-	5	5	5	13	13	6	22	7	3	18	6	5	84	9	88	0	200	100	89	100	100	100	100	200	200	300	300	200	400	400	500	400	700	600
Other income (expense), net
-	-	-	-	-	-	0	-	-	0	-54	-54	-136	-136	-30	5	341	5	-182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of NetBoss assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	0	-500	-3,900
Other (expense) income, net
0	-	-	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	0	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
1,329	-1,378	1,602	2,606	-2,438	2,850	-1,468	-1,468	-	1,058	-1,375	-1,375	2,787	2,787	-1,204	-570	449	2,587	-3,071	-14,450	-7,541	-5,027	-1,525	-5,158	-11,600	-3,800	-5,400	-11,753	-14,600	-10,700	-13,500	-3,900	-1,000	4,900	700	-1,400	-700	-9,200	-2,700	-7,200	-10,300	-4,700	-22,500
Provision for (benefit from) income taxes
598	293	1,548	-1,233	-6,777	540	-718	-718	-	1,152	1,015	1,015	-2,564	-2,564	-639	842	779	865	-2,470	779	361	507	-12	-3,710	1,500	600	300	1,265	500	-500	200	1,300	600	9,900	1,500	-400	100	800	1,000	-900	15,200	5,300	-5,500
Net income (loss)
-	-	54	-	-	-	-750	-750	-94	-	-2,390	-2,390	5,351	5,351	-565	-	-330	1,722	-601	-15,229	-7,902	-5,534	-1,513	-1,448	-13,100	-4,400	-5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	0	-	-	-	233	233	280	280	92	-	69	44	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	94	0	359	-6	0	-100	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,141	-7,808	-5,534	-1,154	-1,454	-13,100	-4,500	-5,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	66	145	49	71	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
731	-1,671	-	-	4,339	2,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,151	-7,874	-5,679	-1,203	-1,525	-13,100	-4,500	-5,500	-12,800	-14,800	-9,900	-13,600	-7,500	-1,700	-5,300	-2,200	-1,300	-3,200	-12,800	-6,800	-19,800	-36,900	-12,500	-21,300
Net income (loss)
-	-	54	-	-	-	-750	-750	54	-	-2,623	-2,623	5,071	5,071	-657	-	-399	1,678	-629	-15,239	-7,968	-5,679	-1,562	-1,519	-13,100	-4,400	-5,700	-13,018	-15,100	-10,200	-13,700	-5,200	-1,600	-5,000	-800	-1,000	-800	-10,000	-3,700	-6,300	-25,500	-10,000	-17,000
Net income (loss) per share of common stock outstanding:
Net income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	94	0	359	-6	0	-100	200	218	300	300	100	-2,300	-100	-300	-1,400	-300	-2,400	-2,800	-3,100	-13,500	-11,400	-2,500	-4,300
Basic (in dollars per share)
-	-	0.01	-	-	-	-0.14	-0.14	0.01	-	-0.49	-0.49	0.95	0.95	-0.12	-	-0.08	0.32	-	-	-1.52	-1.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
0.14	-0.31	-	-	0.81	0.43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.50	-1.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.13	-0.31	-	-	0.78	0.41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.50	-1.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	0.01	-	-	-	-0.14	-0.14	0.04	-	-0.49	-0.49	0.90	0.90	-0.12	-	-0.08	0.31	-	-	-1.52	-1.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average shares outstanding:
Basic (in shares)
5,395	5,427	5,347	5,364	5,381	5,397	5,366	5,366	-	5,355	5,344	5,344	5,329	5,329	5,316	-	5,310	5,284	-	-	5,255	5,230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
5,457	5,427	5,530	5,902	5,577	5,627	5,366	5,366	-	6,304	5,344	5,344	5,624	5,624	5,316	-	5,310	5,400	-	-	5,255	5,230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share of common stock outstanding, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.12	-	-	-	-0.30	-4.40	-0.21	-0.07	-0.09	-9.50	-0.24	-0.17	-0.22	-0.09	-0.03	-0.08	-0.01	-0.02	-0.01	-0.17	-0.06	-0.10	-0.44	-0.17	-0.29
Discontinued operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.02	0.00	0.00	0.00	0.18	0.00	0.00	0.00	-0.04	0.00	-0.01	-0.02	-0.01	-0.04	-0.05	-0.05	-0.24	-0.19	-0.04	-0.07
Net Loss (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.23	-4.38	-0.21	-0.07	-0.09	-9.33	-0.24	-0.16	-0.22	-0.12	-0.03	-0.09	-0.04	-0.02	-0.05	-0.22	-0.12	-0.34	-0.63	-0.21	-0.36
Weighted average shares outstanding, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,259	-	-	-	5,206	-165,664	62,300	62,100	62,000	-164,056	61,900	61,800	60,900	60,400	60,300	60,000	59,300	59,000	59,200	59,000	58,800	-	-	-	-
Basic and diluted weighted average shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,600	58,400	59,300
Product sales
Total revenues
40,930	34,152	36,594	-	34,615	41,956	-	39,125	-	-	-	40,686	-	37,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
24,676	22,968	20,822	26,847	23,712	26,159	-	26,799	-	-	-	28,704	-	23,784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services
Total revenues
20,449	21,845	22,020	-	19,422	23,132	-	21,379	-	-	-	21,407	-	24,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
14,742	14,710	15,236	14,782	14,070	16,439	-	15,780	-	-	-	15,257	-	16,049	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-