Aviat Networks, Inc. (NASDAQ: AVNW) said its first quarter 2016 revenue was USD79.6 million, compared with USD82.4 million in the year-ago quarter.
Aviat reported a net loss attributable to Aviat Networks, including discontinued operations, for the quarter of USD(1.2) million, or USD(0.02) per share, compared with a net loss of USD(5.5) million, or USD(0.09) per share, in the year-ago quarter. Loss from continuing operations attributable to Aviat Networks for the quarter was USD(1.5) million, or USD(0.02) per share, compared with a loss from continuing operations of USD(5.7) million, or USD(0.09) per share, in the year-ago quarter.
Cash and cash equivalents were USD35.8 million as of October 2, 2015 compared with USD34.7 million as of the end of fiscal year 2015.
Aviat Networks is a leading global provider of microwave networking solutions transforming communications networks to handle the exploding growth of IP-centric, multi-Gigabit data services. With more than one million systems sold over 140 countries, Aviat Networks provides LTE-proven microwave networking solutions to mobile operators, including some of the largest and most advanced 4G/LTE networks in the world.