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Aviat Networks Q1 GAAP revenue was $82.4 million

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Staff 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.
Aviat Networks
Preliminary results   Fall from $93.4 million
Aviat reported net loss, including discontinued operations, of $5.7 million, or $0.09 per share, compared with a net loss of $13.6 million, or $0.22 per share, in the year-ago quarter. Loss from continuing operations for the quarter was $5.9 million, or $0.10 per share, compared with a loss from continuing operations of $13.7 million, or $0.22 per share, in the year-ago quarter.

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.


 

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