RSSAviat Networks reported financial results for its fiscal 2022 third quarter ended April 1.
Related Stories
Verizon Reports Second-Quarter Financial Results
Motorola Announces First-Quarter 2022 Financial Results
Total revenues for the quarter were $74.5 million, which was a 12.2% increase from the same quarter last year. In North America, revenues were $49 million, an increase of 16.7% from last year, and internationally, revenues were $25.5 million, an increase of 4.5% from the same quarter last year.
For generally accepted accounting principles (GAAP), gross margin was 37%, operating expenses were $20.1 million, operating income was $7.5 million and net income was $6 million. Net income per diluted share was $0.51.
On the non-GAAP side, adjusted earnings before interest, taxes, depreciation and amortization was $9.5 million, gross margin was $37.1 million, operating expenses were $19.2 million, operating income was $8.4 million, net income was $7.9 million and net income per share was $0.67.
The company reported cash and marketable securities of $33.8 million as of April 1, compared to $42.3 million as of December 31.
Would you like to comment on this story? Find our comments system below.
