2022 Q2 Form 10-Q Financial Statement

#000137778922000028 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q3
Revenue $74.52M $77.86M $71.69M
YoY Change 12.22% 17.46% 14.42%
Cost Of Revenue $46.98M $49.71M $45.81M
YoY Change 15.07% 18.24% 12.27%
Gross Profit $27.54M $28.16M $25.88M
YoY Change 7.66% 16.11% 18.39%
Gross Profit Margin 36.95% 36.16% 36.1%
Selling, General & Admin $14.87M $13.74M $14.77M
YoY Change -1.58% 7.03% 7.8%
% of Gross Profit 53.99% 48.8% 57.07%
Research & Development $5.259M $6.169M $6.269M
YoY Change -0.3% 27.27% 49.26%
% of Gross Profit 19.1% 21.91% 24.22%
Depreciation & Amortization $1.051M $1.129M $1.363M
YoY Change -22.44% -9.97% 17.5%
% of Gross Profit 3.82% 4.01% 5.27%
Operating Expenses $20.05M $18.95M $21.04M
YoY Change -6.91% 7.15% 18.19%
Operating Profit $7.482M $9.208M $3.732M
YoY Change 85.43% 40.26% 76.04%
Interest Expense -$240.0K $28.00K
YoY Change -24100.0%
% of Operating Profit -2.61% 0.75%
Other Income/Expense, Net -$175.0K -$240.0K $1.000K
YoY Change -236.72%
Pretax Income $7.307M $8.968M $3.761M
YoY Change 75.52% 35.88% 70.95%
Income Tax $1.278M $3.052M $930.0K
% Of Pretax Income 17.49% 34.03% 24.73%
Net Earnings $6.029M $5.916M $2.831M
YoY Change -93.64% -0.34% 147.68%
Net Earnings / Revenue 8.09% 7.6% 3.95%
Basic Earnings Per Share $0.54 $0.52 $0.25
Diluted Earnings Per Share $0.51 $0.49 $0.24
COMMON SHARES
Basic Shares Outstanding 11.17M shares 11.31M shares 11.17M shares
Diluted Shares Outstanding 11.76M shares 11.96M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.30M $47.31M $47.94M
YoY Change -31.67% 30.7% 15.25%
Cash & Equivalents $31.30M $42.33M $47.94M
Short-Term Investments
Other Short-Term Assets $12.98M $11.12M $9.556M
YoY Change 68.51% 14.08% -7.72%
Inventory $30.48M $25.51M $24.87M
Prepaid Expenses
Receivables $76.15M $69.07M $48.14M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $196.6M $195.0M $170.2M
YoY Change 19.67% 41.38% 21.64%
LONG-TERM ASSETS
Property, Plant & Equipment $9.522M $10.01M $11.70M
YoY Change -24.21% -39.56% -30.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.515M
YoY Change
Other Assets $9.841M $8.782M $8.430M
YoY Change 18.78% 29.28% 26.44%
Total Long-Term Assets $123.1M $122.1M $127.4M
YoY Change -2.55% 214.51% 219.73%
TOTAL ASSETS
Total Short-Term Assets $196.6M $195.0M $170.2M
Total Long-Term Assets $123.1M $122.1M $127.4M
Total Assets $319.7M $317.1M $297.7M
YoY Change 10.02% 79.4% 65.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $40.63M $43.52M $32.41M
YoY Change 9.09% 37.18% 1.28%
Accrued Expenses $25.39M $25.45M $28.15M
YoY Change -5.09% 4.88% 4.58%
Deferred Revenue $38.07M $35.75M $32.30M
YoY Change 41.23% 41.69% 47.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $105.7M $107.1M $96.37M
YoY Change 12.8% 27.38% 2.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $324.0K $352.0K $356.0K
YoY Change -5.54% 11.39% -11.22%
Total Long-Term Liabilities $324.0K $352.0K $356.0K
YoY Change -5.54% 11.39% -11.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.7M $107.1M $96.37M
Total Long-Term Liabilities $324.0K $352.0K $356.0K
Total Liabilities $122.4M $124.2M $114.3M
YoY Change 10.37% 23.15% 2.88%
SHAREHOLDERS EQUITY
Retained Earnings -$604.0M -$610.0M -$620.6M
YoY Change -3.12% -15.84% -15.07%
Common Stock $112.0K $112.0K $112.0K
YoY Change 0.0% 107.41% 3.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.398M $3.408M $787.0K
YoY Change 1078.6%
Treasury Stock Shares 19.59K shares
Shareholders Equity $197.3M $192.9M $183.3M
YoY Change
Total Liabilities & Shareholders Equity $319.7M $317.1M $297.7M
YoY Change 10.02% 79.4% 65.55%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income $6.029M $5.916M $2.831M
YoY Change -93.64% -0.34% 147.68%
Depreciation, Depletion And Amortization $1.051M $1.129M $1.363M
YoY Change -22.44% -9.97% 17.5%
Cash From Operating Activities -$8.625M $682.0K $3.108M
YoY Change -317.25% -83.92% 8.67%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K $349.0K -$447.0K
YoY Change -77.45% -65.72% -32.27%
Acquisitions
YoY Change
Other Investing Activities -$208.0K
YoY Change
Cash From Investing Activities -$438.0K -$349.0K -$447.0K
YoY Change -57.06% -65.72% -32.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $713.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.645M -$804.0K -308.0K
YoY Change 2641.67% -90.76% 1440.0%
NET CHANGE
Cash From Operating Activities -8.625M $682.0K 3.108M
Cash From Investing Activities -438.0K -$349.0K -447.0K
Cash From Financing Activities -1.645M -$804.0K -308.0K
Net Change In Cash -10.71M -$658.0K 2.353M
YoY Change -470.52% -87.8% 7.94%
FREE CASH FLOW
Cash From Operating Activities -$8.625M $682.0K $3.108M
Capital Expenditures -$230.0K $349.0K -$447.0K
Free Cash Flow -$8.395M $333.0K $3.555M
YoY Change -268.24% -89.67% 0.99%

Facts In Submission

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-786000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-284000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1058000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
314000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5243000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
94447000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15569000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
107622000 USD
us-gaap Net Income Loss
NetIncomeLoss
16627000 USD
us-gaap Net Income Loss
NetIncomeLoss
107308000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3444000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4016000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-56000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
46000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2464000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2154000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5437000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-89732000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1140000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1148000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
66000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6000 USD
avnw Noncash Lease Expense
NoncashLeaseExpense
620000 USD
avnw Noncash Lease Expense
NoncashLeaseExpense
581000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
23000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Restructuring Charges
RestructuringCharges
-373000 USD
us-gaap Restructuring Charges
RestructuringCharges
1162000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28252000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3507000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
8446000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
15389000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5634000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8365000 USD
avnw Increase Decrease In Customer Service Inventories
IncreaseDecreaseInCustomerServiceInventories
1061000 USD
avnw Increase Decrease In Customer Service Inventories
IncreaseDecreaseInCustomerServiceInventories
684000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7934000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-569000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-249000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4719000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
12077000 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1400000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-317000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6652000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
818000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-641000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-650000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10788000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14187000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1028000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2399000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2492000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
0 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2284000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1236000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2399000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
9000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4611000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
458000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
358000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
167000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
931000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1889000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4038000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7736000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-663000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16725000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4192000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48198000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41872000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31473000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46064000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
192892000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
6029000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-786000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
346000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1991000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
840000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
197330000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
84564000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
94731000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-284000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
402000 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
-1000 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
-1000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
458000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
765000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
179721000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
183335000 USD
us-gaap Net Income Loss
NetIncomeLoss
16627000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1058000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
933000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
358000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4613000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2464000 USD
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
197330000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
68681000 USD
us-gaap Net Income Loss
NetIncomeLoss
107308000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
314000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1889000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
167000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
458000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2154000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
179721000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires us to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are based upon historical factors, current circumstances and the experience and judgment of our management. We evaluate our estimates and assumptions on an ongoing basis and may employ outside experts to assist us in making these evaluations. Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in future periods. Such estimates affect significant items, including revenue recognition, provision for uncollectible receivables, inventory valuation, valuation allowances for deferred tax assets, uncertainties in income taxes, contingencies and recoverability of long-lived assets. The actual results that we experience may differ materially from our estimates.
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31296000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47942000 USD
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
177000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
256000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31473000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48198000 USD
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
77484000 USD
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
50276000 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1334000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2141000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
76150000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48135000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
16994000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15409000 USD
CY2022Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
11675000 USD
CY2021Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
8027000 USD
CY2022Q2 avnw Inventory Excluding Parts And Components Net Of Reserves
InventoryExcludingPartsAndComponentsNetOfReserves
28669000 USD
CY2021Q3 avnw Inventory Excluding Parts And Components Net Of Reserves
InventoryExcludingPartsAndComponentsNetOfReserves
23436000 USD
CY2022Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
11098000 USD
CY2021Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
6570000 USD
CY2022Q2 avnw Excess And Obsolete Inventory Recovery Charges
ExcessAndObsoleteInventoryRecoveryCharges
196000 USD
CY2021Q2 avnw Excess And Obsolete Inventory Recovery Charges
ExcessAndObsoleteInventoryRecoveryCharges
270000 USD
avnw Excess And Obsolete Inventory Recovery Charges
ExcessAndObsoleteInventoryRecoveryCharges
436000 USD
avnw Excess And Obsolete Inventory Recovery Charges
ExcessAndObsoleteInventoryRecoveryCharges
467000 USD
CY2022Q2 avnw Customer Service Inventory Write Down
CustomerServiceInventoryWriteDown
286000 USD
CY2021Q2 avnw Customer Service Inventory Write Down
CustomerServiceInventoryWriteDown
293000 USD
avnw Customer Service Inventory Write Down
CustomerServiceInventoryWriteDown
704000 USD
avnw Customer Service Inventory Write Down
CustomerServiceInventoryWriteDown
681000 USD
CY2022Q2 us-gaap Inventory Write Down
InventoryWriteDown
482000 USD
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
563000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1140000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1148000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2300000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000 USD
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79560000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79738000 USD
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
70038000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
68037000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9522000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11701000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1051000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1355000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3444000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4016000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8885000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13455000 USD
CY2022Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2079000 USD
CY2021Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2348000 USD
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3223000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3228000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11205000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9123000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25392000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
28154000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3198000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3315000 USD
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3228000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3196000 USD
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
402000 USD
CY2021Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
469000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1242000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1242000 USD
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
377000 USD
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
491000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1247000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1145000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3223000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3293000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3223000 USD
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3293000 USD
CY2022Q2 avnw Contract With Customer Liability Advance Payments
ContractWithCustomerLiabilityAdvancePayments
2906000 USD
CY2021Q3 avnw Contract With Customer Liability Advance Payments
ContractWithCustomerLiabilityAdvancePayments
2445000 USD
CY2022Q2 avnw Contract With Customer Liability Unearned Revenue
ContractWithCustomerLiabilityUnearnedRevenue
35160000 USD
CY2021Q3 avnw Contract With Customer Liability Unearned Revenue
ContractWithCustomerLiabilityUnearnedRevenue
29859000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38066000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
32304000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
909000 USD
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
623000 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
7600000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
8600000 USD
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
251000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
295000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
813000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1823000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1323000 USD
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
64000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
93000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
138000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
255000 USD
CY2022Q2 us-gaap Lease Cost
LeaseCost
938000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
894000 USD
us-gaap Lease Cost
LeaseCost
2774000 USD
us-gaap Lease Cost
LeaseCost
2487000 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
163000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
711000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
593000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
612000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
552000 USD
CY2022Q2 avnw Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1701000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4332000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
981000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3351000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
76150000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48135000 USD
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
45700000 USD
CY2021Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
37521000 USD
CY2022Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
1304000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
1720000 USD
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38066000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
32304000 USD
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
7604000 USD
CY2021Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
8592000 USD
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
45700000 USD
CY2022Q2 avnw Contract With Customer Liability Current Percent
ContractWithCustomerLiabilityCurrentPercent
0.18
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
82800000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P5Y
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
375000 USD
CY2021Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
13000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
74516000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
66404000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
225538000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
203225000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
65951 shares
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
149389 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4600000 USD
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 USD
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
8000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
114012 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
840000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
765000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2464000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2154000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
840000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
765000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2464000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2154000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1100000 USD
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
4800000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
2737000 USD
CY2021Q4 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
659000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
3008000 USD
CY2021Q4 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-960000 USD
CY2021Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
253000 USD
CY2021Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
8000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
1787000 USD
CY2022Q2 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-72000 USD
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
702000 USD
CY2022Q2 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
14000 USD
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
999000 USD
CY2022Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1000000 USD
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
6029000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
94731000 USD
us-gaap Net Income Loss
NetIncomeLoss
16627000 USD
us-gaap Net Income Loss
NetIncomeLoss
107308000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11173000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11152000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11172000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10994000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
588000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
690000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
676000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
538000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11761000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11842000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11848000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11532000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.76
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.31
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
174000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
157000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000 shares
CY2022Q2 us-gaap Other Commitment
OtherCommitment
65100000 USD

Files In Submission

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