$AVAV (AeroVironment, Inc.)

$AVAV {{ '2016-08-31T06:24:19+0000' | timeago}} • Webcast

$AVAV expects 2Q17 and remainder of FY17 GMs to increase and move closer to historical levels after adjusting for incremental sustaining engineering expense. Funded backlog at end 1Q17 fell about 16% to $74.7MM versus end 1Q16, and is expected to be about 51% for FY17.

$AVAV {{ '2017-12-05T21:26:31+0000' | timeago}} • Announcement

$AVAV continues to expect FY18 revenue of $280-300MM and EPS of $0.45-0.65. CEO Wahid Nawabi said the company's strong 2Q18 results reflect continued momentum in FY18 as $AVAV executes its plan effectively and focus on creating value for the company's stockholders, employees and customers.

$AVAV {{ '2017-12-05T21:26:17+0000' | timeago}} • Announcement

$AVAV's revenue for 2Q18 grew to $73.8MM from $50.1MM in the previous year quarter. The increase in revenue resulted from an increase in sales in Unmanned Aircraft Systems (UAS) segment and a rise in sales in its Efficient Energy Systems (EES) segment.

$AVAV {{ '2017-12-05T21:26:03+0000' | timeago}} • Announcement

$AVAV swung to a profit in 2Q18 from a loss last year, driven by higher profit margin, an increase in service margin, and a decrease in research and development expenses. Net income was $7.02MM or $0.29 per share compared to a loss of $4.17MM or $0.18 per share a year ago.

$AVAV {{ '2017-10-09T15:25:20+0000' | timeago}} • Announcement

$AVAV said its Puma, AE and Raven small unmanned aircraft systems are being enhanced with new upgrades. The new aircraft, Puma 3 and Raven 3, will be unveiled at the AUSA Global Force Symposium in March 2018. The upgrades include durability enhancements and improved ability to support advanced payloads and software applications.

$AVAV {{ '2017-10-09T15:17:37+0000' | timeago}} • Announcement

$AVAV received a contract award from the US Navy for the expansion of its Blackwing small UAV program. The contract includes orders for multiple Blackwing vehicles, sensor payloads and refurbishment kits for a total value of $2,578,822. The initial set of vehicles are anticipated for delivery by May 2018 and final delivery anticipated by Nov. 2018.

$AVAV {{ '2017-08-30T18:09:50+0000' | timeago}} • Webcast

$AVAV continues to pursue specific opportunities in the domestic small UAS business, one of which is the frequency relocation which the company believes is positioned well. Within the Snipe solution, there is customer requirement for the Soldier Borne Sensors program. The demand for small UAS products and solutions internationally remains strong.

$AVAV {{ '2017-08-30T17:58:31+0000' | timeago}} • Webcast

During 1Q18, in the passenger EV charging business, $AVAV surpassed 61,000 level 2 charging systems deployed in North America. Internationally the company delivered TurboCords to a new European customer and also began pilot shipments of products for China and Europe for Volvo.

$AVAV {{ '2017-08-30T17:58:11+0000' | timeago}} • Webcast

In 1Q18, $AVAV shipped its first Puma AE and Raven systems to the US Customs and Border Patrol. The company also signed a multi-year contract with the Australian Defense Force for their acquisition of Wasp AE systems along with value-added support services and content from its Australian partners.

$AVAV {{ '2017-08-29T21:26:21+0000' | timeago}} • Announcement

For FY18, $AVAV continues to expect to generate revenue between $280MM and $300MM, and earnings per diluted share between $0.45 and $0.65. The current funded backlog of the company was close to $85.3MM.

$AVAV {{ '2017-08-29T21:24:44+0000' | timeago}} • Announcement

The UAS and EES segments of $AVAV flew high as their sales jumped by $5.8MM and $1.8MM respectively in 1Q18 compared to last year. The gross margin for the quarter was $11.6MM, an increase of $6.7MM. This was primarily due to an increase in product margin of $6.4MM, partially offset by a decrease in service margin of $1.4MM.

$AVAV {{ '2017-08-29T21:23:02+0000' | timeago}} • Announcement

$AVAV, a technology firm, glides to a lesser-loss zone in 1Q18 piggybacking on a spike in gross margin and a dip in R&D expense. The net loss was $4.4MM or $0.19 per share compared to $11.6MM loss or $0.51 per share in 1Q17. A sales surge in Unmanned Aircraft Systems and Efficient Energy Systems saw revenue swell by 21% from $36.2MM a year ago.

$AVAV {{ '2017-06-27T21:25:49+0000' | timeago}} • Webcast

For fiscal 2018, $AVAV plans to spend between 9% and 10% of revenue in internal research and development investments. The company has spent about 8% of its revenue in R&D during fiscal 2017.

$AVAV {{ '2017-06-27T21:06:28+0000' | timeago}} • Webcast

$AVAV's investments in its Tactical Missile Systems (TMS) business continue to bear fruits. TMS revenue in FY11 was about $6MM, growing to more than $40MM in FY16. In FY17, TMS revenue grew to more than $75MM, up more than 80% over the previous year. From FY11, this represents a CAGR of 56%. TMS now accounts for 29% of total company revenue.

$AVAV {{ '2017-06-27T20:47:28+0000' | timeago}} • Announcement

For FY18, $AVAV expects to generate revenue of between $280MM and $300MM, and earnings per diluted share of between $0.45 and $0.65. For 1Q18, AeroVironment sees revenue of $40-44MM, and loss per diluted share of $0.32 -0.40.

$AVAV {{ '2017-06-27T20:44:18+0000' | timeago}} • Announcement

$AVAV's 4Q17 revenue soared 48% to $125.4MM, with net attributable income jumping more than five-fold to $30.5MM from last year's $5.4MM. Diluted EPS was $1.30 vs. $0.23 a year ago.

$AVAV {{ '2017-03-07T21:32:18+0000' | timeago}} • Announcement

For FY17, $AVAV expects its revenue to be in the range of $260-280MM and fully diluted EPS to be be in the range of $0.20-0.35.

$AVAV {{ '2017-03-07T21:30:56+0000' | timeago}} • Announcement

Technology company $AVAV reported 3Q17 net loss of $2.2MM, $0.09 per share, compared to net income of $6.2MM, or $0.27 per share during 3Q16, mainly due to decrease in sales in Unmanned Aircraft Systems segment and lower product margin. Revenue fell 21% YoY to $53.2MM.

$AVAV {{ '2016-12-20T14:35:05+0000' | timeago}} • Announcement

$AVAV appointed Teresa Covington as CFO, effective March 1, 2017. Covington will succeed Raymond Cook, who is resigning as SVP and CFO, effective Feb. 28, 2017 due to medical reasons.

$AVAV {{ '2016-12-07T17:41:09+0000' | timeago}} • Webcast

$AVAV said that the Netherlands awarded a $10.3MM contract for Raven digital upgrades, Puma AE and Wasp AE systems becoming a full family of systems customer having first purchased Raven systems. The company achieved a key milestone for Switchblade with a new $22.8MM contract for the Army for Block 10C system in October.

$AVAV {{ '2016-12-07T17:39:04+0000' | timeago}} • Webcast

$AVAV said it received an order for 30 of its Snipe Unmanned Aircraft Systems for early evaluation, remaining strong in its position in the domestic defense market. The company increased its international UAS footprint to more than 35 allied nations and deployed more than 40,000 Level 2 chargers.

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