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AVNW - Aviat Networks, Inc.

NASDAQ -> Technology -> Communication Equipment
Austin, United States

AVNW price evolution
AVNW
Balance Sheet
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Current assets
Cash $47.94 $45.81 $43.05 $36.23
Short term investments
Net receivables $85.66 $85.43 $81.08 $76.32
Inventory $24.87 $23.13 $18.79 $15.66
Total current assets $170.24 $164.28 $156.38 $137.96
Long term investments
Property, plant & equipment $15.52 $15.46 $16.6 $19.47
Goodwill & intangible assets
Total noncurrent assets $127.41 $126.29 $37 $38.81
Total investments
Total assets $297.65 $290.58 $193.38 $176.77
Current liabilities
Accounts payable $32.41 $37.25 $37.62 $31.72
Deferred revenue $40.9 $35.98 $33.99 $33.41
Short long term debt
Total current liabilities $96.37 $93.67 $91.76 $84.08
Long term debt $3.22 $2.34 $2.47 $2.15
Total noncurrent liabilities $17.95 $17.19 $17.05 $16.8
Total debt $3.22 $2.34 $2.47 $2.15
Total liabilities $114.32 $110.86 $108.81 $100.88
Shareholders' equity
Retained earnings -$620.6 -$623.43 -$718.16 -$724.8
Other shareholder equity -$14.33 -$14.65 -$14.37 -$14.55
Total shareholder equity $183.34 $179.72 $84.56 $75.9
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $47.94 $41.62 $31.95 $37.43
Short term investments
Net receivables $85.66 $72.75 $79.72 $57.23
Inventory $24.87 $15.23 $9.51 $22.8
Total current assets $170.24 $139.95 $126 $123.47
Long term investments
Property, plant & equipment $15.52 $20.39 $17.25 $17.18
Goodwill & intangible assets
Total noncurrent assets $127.41 $39.85 $43.2 $32.59
Total investments
Total assets $297.65 $179.8 $169.19 $156.06
Current liabilities
Accounts payable $32.41 $32 $35.6 $30.88
Deferred revenue $40.9 $30.01 $23.62 $25.89
Short long term debt $9 $9 $9
Total current liabilities $96.37 $93.97 $82.21 $86.47
Long term debt $3.22 $2.3
Total noncurrent liabilities $17.95 $17.15 $15.47 $12.08
Total debt $3.22 $11.3 $9 $9
Total liabilities $114.32 $111.12 $97.68 $98.55
Shareholders' equity
Retained earnings -$620.6 -$730.74 -$731 -$746.36
Other shareholder equity -$14.33 -$14.97 -$12.74 -$12.61
Total shareholder equity $183.34 $68.68 $71.52 $57.52
Income Statement
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Revenue
Total revenue $71.69 $66.4 $70.53 $66.29
Cost of revenue $45.81 $40.83 $43.62 $42.04
Gross Profit $25.88 $25.58 $26.91 $24.25
Operating activities
Research & development $6.27 $5.28 $5.42 $4.85
Selling, general & administrative $14.77 $15.11 $13.61 $12.84
Total operating expenses $22.15 $21.54 $19.03 $17.68
Operating income $3.73 $4.04 $7.88 $6.57
Income from continuing operations
EBIT $3.76 $4.16 $7.92 $6.6
Income tax expense $0.93 -$90.57 $1.27 $0.66
Interest expense -$0 $0
Net income
Net income $2.83 $94.73 $6.64 $5.94
Income (for common shares) $2.83 $94.73 $6.64 $5.94
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $274.91 $238.64 $243.86 $242.51
Cost of revenue $172.3 $153.95 $164.59 $162
Gross Profit $102.61 $84.7 $79.27 $80.5
Operating activities
Research & development $21.81 $19.28 $21.11 $19.75
Selling, general & administrative $56.32 $57.98 $56.05 $58.16
Total operating expenses $80.41 $81.32 $77.9 $79.19
Operating income $22.21 $3.38 $1.37 $1.32
Income from continuing operations
EBIT $22.44 $3.76 $1.65 $0.84
Income tax expense -$87.7 $3.45 -$8.19 -$1.04
Interest expense $0.05 $0.1 $0.03
Net income
Net income $110.14 $0.26 $9.74 $1.84
Income (for common shares) $110.14 $0.26 $9.74 $1.84
Cash Flow
(in millions $) 30 Jun 2021 31 Mar 2021 31 Dec 2020 30 Sep 2020
Net income $2.83 $94.73 $6.64 $5.94
Operating activities
Depreciation $0.44 $1.61 $1.17 $1.82
Business acquisitions & disposals
Stock-based compensation $0.77 $0.77 $0.82 $0.57
Total cash flows from operations $3.11 $3.97 $5.98 $4.24
Investing activities
Capital expenditures -$0.45 -$1.02 -$0.36 -$1.02
Investments
Total cash flows from investing -$0.45 -$1.02 -$0.36 -$1.02
Financing activities
Dividends paid
Sale and purchase of stock -$0.31 -$0.06 $1.06 $0.42
Net borrowings -$9
Total cash flows from financing -$0.31 -$0.05 $1.02 -$8.71
Effect of exchange rate -$0.22 -$0.13 $0.18 $0.09
Change in cash and equivalents $2.13 $2.76 $6.82 -$5.39
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income $110.14 $0.26 $9.74 $1.84
Operating activities
Depreciation $5.04 $8.8 $4.47 $5.2
Business acquisitions & disposals
Stock-based compensation $2.92 $1.69 $1.72 $2.36
Total cash flows from operations $17.3 $17.49 $2.94 $8.21
Investing activities
Capital expenditures -$2.85 -$4.61 -$5.25 -$6.56
Investments $0.26
Total cash flows from investing -$2.85 -$4.61 -$5.25 -$6.3
Financing activities
Dividends paid
Sale and purchase of stock $1.12 -$1.74 -$2.28 $0.01
Net borrowings -$9
Total cash flows from financing -$8.05 -$2.54 -$2.95 $0.01
Effect of exchange rate -$0.08 -$0.67 -$0.31 -$0.73
Change in cash and equivalents $6.33 $9.67 -$5.56 $1.2
Fundamentals
Market cap $342.44M
Enterprise value $297.72M
Shares outstanding 11.17M
Revenue $274.91M
EBITDA $27.48M
EBIT $22.44M
Net Income $110.14M
Revenue Q/Q 14.42%
Revenue Y/Y 15.20%
P/E ratio 3.11
EV/Sales 1.08
EV/EBITDA 10.83
EV/EBIT 13.27
P/S ratio 1.25
P/B ratio 1.73
Book/Share 17.70
Cash/Share 4.29
EPS $9.86
ROA 45.97%
ROE 84.15%
Debt/Equity 0.62
Net debt/EBITDA 2.42
Current ratio 1.77
Quick ratio 1.51