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Aviat Networks Announces Fiscal 2016 Third Quarter Financial Results
May 11, 2016

- Revenue of $60.4 million; Book to Bill < 1<br>- GAAP Gross Margin of 23.8%; Non-GAAP Gross Margin of 24.0%, an improvement of 250 basis points year-over-year<br>- GAAP Operating Expenses of $22.0 million; Non-GAAP Operating Expenses of $20.8 million, a decline of $3.0 million or 12.6% year-over-year<br>- GAAP Net Loss Attributable to Aviat Networks of $(7.9) million, an improvement of $5.2 million year-over-year<br>- Non-GAAP Loss from Continuing Operating Attributable to Aviat Networks of $(6.7) million, an improvement of $1.4 million year-over-year<br>- Adjusted EBITDA of $(4.7) million, a $1.1 million improvement year-over-year<br>- Net cash increased $0.2 million from Q2FY16 and $5.0 million from FY15 year-end

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Aviat Networks Announces Fiscal 2016 Second Quarter Financial Results
Feb 10, 2016

-- Revenue of $70.4 million, in line with prior guidance<br>-- Book to Bill > 1<br>-- GAAP Gross Margin and Non-GAAP Gross Margin of $16.4 million;<br>-- GAAP Operating Expense of $21.4 million, an improvement of 22.7% year-over-year; Non-GAAP Operating Expenses of $21.0 million<br>-- GAAP Net Loss of $(5.7) million, or $(0.09) per share<br>-- Non-GAAP Loss from Continuing Operations Attributable to Aviat of $(5.1) million, or $(0.08) per share<br>-- Adjusted EBITDA of $(3.0) million; a result of lower revenue volumes<br>-- Net cash increased $3.7 million sequentially and $4.8 million over prior two quarters

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