AeroVironment, Inc. ( (AVAV) ) has released its Q3 earnings. Here is a breakdown of the information AeroVironment, Inc. presented to its investors.
AeroVironment, Inc., headquartered in Virginia, is a global leader in intelligent, multi-domain robotic systems, providing technology solutions that integrate robotics, sensors, software analytics, and connectivity for defense, government, and commercial customers.
In its fiscal 2025 third-quarter report, AeroVironment announced a record funded backlog of $763.5 million despite facing challenges such as high winds and fires in Southern California. The company reported a third-quarter revenue of $167.6 million, which is a 10% decline year-over-year, and a net loss of $1.8 million.
Key highlights from the report include a significant increase in orders for Switchblade and Jump-20, contributing to the record backlog. The company also announced the establishment of a new manufacturing facility in Utah to double its Switchblade capacity. Despite a decrease in revenue from UnCrewed Systems, the Loitering Munitions Systems and MacCready Works segments saw revenue increases of 46% and 28%, respectively.
Looking ahead, AeroVironment remains optimistic about its fiscal year 2025, expecting record fourth-quarter revenue. The company is also progressing with its acquisition of BlueHalo, which is anticipated to close in the second quarter of 2025, further supporting its long-term growth strategy.
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