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Aviat NETWORKS Aviat Networks Announces Fiscal 2022 First Quarter Financial Results November 3 , 2021 Total Revenue of $ 73.2 million ; Up 10.4 % Year - Over - Year Adjusted EBITDA of $ 9.6 million ; Up 14.4 % Year - Over - Year AUSTIN , Texas , Nov. 3 , 2021 / PRNewswire / -- Aviat Networks , Inc. ( " Aviat Networks , " " Aviat , " or the " Company " ) , ( Nasdaq : AVNW ) , the leading expert in wireless transport solutions , today reported financial results for its fiscal 2022 first quarter ended October 1 , 2021 . Aviat NETWORKS First Quarter Highlights • Company continues to execute on key long - term strategic objectives resulting in continued year - over - year increase in quarterly revenues and Adjusted EBITDA . • Company launched high availability routing software to lower the cost of mission critical router platforms . • Solid balance sheet and liquidity helps position Company to execute on long - term plans , while maintaining flexibility and security in current persistent COVID - 19 environment . First Quarter Financial Highlights • Total Revenues : $ 73.2 million , + 10.4 % from same quarter last year o North America : $ 50.9 million , + 12.0 % from same quarter last year o International : $ 22.2 million , + 6.9 % from same quarter last year • GAAP Results : Gross Margin 35.7 % ; Operating Expenses $ 19.3 million ; Operating Income $ 6.8 million , Net Income $ 4.7 million ; Net Income per diluted share ( " Net Income per share " ) $ 0.39 • Non - GAAP Results : Adjusted EBITDA $ 9.6 million ; Gross Margin 35.7 % ; Operating Expenses $ 17.8 million ; Operating Income $ 8.3 million ; Net Income $ 8.1 million ; Net Income per share $ 0.67 • Net Cash : $ 47.3 million ; No loans outstanding at quarter - end " This was another successful quarter for Aviat , " said Peter Smith , President and Chief Executive Officer of Aviat . " We continued to execute on our key long - term focus areas of sales growth , margin expansion , and meaningful bottom - line improvements . We continue to demonstrate Aviat's