$AVAV (AeroVironment, Inc.)

$AVAV {{ '2016-06-28T21:04:45+0000' | timeago}} • Webcast

$AVAV said its international small UAS business generated record revenue in FY16. During the year, the company received orders from a growing list of countries including Australia, Spain, Saudi Arabia and seven Allied nations. The current 35 international customers and the new customers $AVAV is pursuing represent future growth potential.

$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.

$AVAV {{ '2016-12-07T17:31:17+0000' | timeago}} • Webcast

$AVAV's UAS segment revenue decreased $15.8MM to $40.8MM, hurt by a decrease in product deliveries of $21.5MM. EES revenue increased $1.1MM to $9.3MM, helped by an increase in product deliveries of passenger fleet, electric vehicle charging systems.

$AVAV {{ '2016-12-07T17:27:31+0000' | timeago}} • Webcast

$AVAV said a Navy destroyer deployed with its Puma AE shipboard Precision Landing System. This demonstrates another step towards the adoption of Puma systems on the Navy’s more than 60 guided missile destroyers. The company expects to work collaboratively toward increased naval adoption of Puma AE and its Precision Landing System.

$AVAV {{ '2016-12-07T17:27:01+0000' | timeago}} • Webcast

$AVAV made great progress on its bookings plan as expected by increasing funded backlog by $22.4MM to $119.6MM. The company invested about $1.9MM or 4% of revenue in property improvements and capital equipment and recognized $1.7MM of depreciation and amortization expense.

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