Aviat Networks Q1 GAAP revenue was $82.4 millionStaff writer ▼ | December 12, 2014
Aviat Networks reported preliminary financial results for the first quarter of fiscal year 2015, which ended September 26, 2014. GAAP revenue was $82.4 million, compared with $93.4 million in the year-ago quarter.
Preliminary results Fall from $93.4 million
Income from discontinued operations, net of taxes, was $0.2 million for the fiscal first quarter. Revenue and results of operations from our WiMAX business are classified as discontinued operations for all periods presented.
Cash and cash equivalents were $42.4 million as of September 26, 2014 compared with $48.8 million as of the end of fiscal year 2014.
Non-GAAP loss from continuing operations for the quarter was $3.9 million, or $0.06 per diluted share, compared with a non-GAAP loss from continuing operations of $7.8 million, or $0.13 per diluted share, in the year-ago quarter. ■