AVNWAVIAT NETWORKS, INC.
Radio & Tv Broadcasting & Communications Equipment
- Revenue
- $440M
- 1.2% YoY
- Operating margin
- 4.4%
- 80% YoY
- EBITDA
- $22M
- 41% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $24M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear534% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear3% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $303M | $344M | $408M | $435M | $440M | 1.2% |
| Operating income | $29M | $25M | $19M | $11M | $19M | 82% |
| Net income | $21M | $10M | $11M | $1M | $3M | 89% |
| Operating cash flow | $3M | −$2M | $31M | $6M | $14M | 137% |
| Capex | $2M | $5M | $3M | $13M | $7M | 42% |
| Stock-based comp | $4M | $7M | $7M | $7M | $6M | 12% |
| Buybacks | $0 | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $3M | 66 | 106 |
| FY2025 | $4M | $3M | 75 | 94 |
| FY2024 | $4M | $2M | 90 | 73 |
| FY2023 | $4M | $6M | 105 | 74 |
| FY2022 | $4M | $3M | 79 | 73 |