High Materiality8/10
Information
CHANDLER, Ariz. , Oct. 31, 2024 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its ...
Original sourceAI Summary
VIAVI's Q1 net revenue decreased by 3.9% year-over-year. GAAP net loss of $1.8 million marks a 118.4% drop compared to last year. Future revenue outlook predicts growth between $255M and $265M for Q2 FY25. NSE order momentum shows improvement due to advanced fiber products. Cash flow from operations reached $13.5 million in Q1.
Sentiment Rationale
Declining revenue and increased losses may negatively affect investor sentiment.
Trading Thesis
Immediate financial results often influence stock prices significantly before long-term recovery.
Market-Moving
- VIAVI's Q1 net revenue decreased by 3.9% year-over-year.
- GAAP net loss of $1.8 million marks a 118.4% drop compared to last year.
- Future revenue outlook predicts growth between $255M and $265M for Q2 FY25.
Key Facts
- VIAVI's Q1 net revenue decreased by 3.9% year-over-year.
- GAAP net loss of $1.8 million marks a 118.4% drop compared to last year.
- Future revenue outlook predicts growth between $255M and $265M for Q2 FY25.
- NSE order momentum shows improvement due to advanced fiber products.
- Cash flow from operations reached $13.5 million in Q1.
Companies Mentioned
- N/A (N/A)
Earnings
The significant decline in performance factors may impact future investor decisions.