Aviat Networks CFO resigns, reports preliminary Q4 results

Aviat Networks, Inc. (NASDAQ: AVNW) announced that Chief Financial Officer Michael Connaway will resign from his position to pursue an opportunity outside the industry, effective after the company files its Form 10-K for fiscal year 2025.

Andrew Fredrickson, currently Vice President of Corporate Finance, will serve as Interim CFO upon Connaway's departure. The company has initiated a search process with an executive search firm to identify a permanent CFO.

The Austin, Texas-based wireless transport and access solutions provider also released preliminary financial results for the fiscal fourth quarter ended June 27, 2025. The company estimates GAAP net income exceeded $4.5 million, compared to $1.5 million in the same period last year.

Non-GAAP Adjusted EBITDA is estimated to exceed $14.0 million for the fourth quarter, up from $11.9 million in the year-ago period.

"I would like to thank Michael for his contribution to Aviat during his tenure and wish him the best in his future endeavors," said Pete Smith, President and Chief Executive Officer. "I also want to thank Andrew for stepping into the Interim CFO role and leading the finance organization during the search process."

The company noted that the preliminary financial information reflects management estimates and is subject to change. Actual financial results may differ from these preliminary estimates, and such differences could be material.

Aviat Networks provides wireless transport and access solutions to communications service providers and private network operators, including government, utility, and defense organizations. The company reports having sold more than one million systems into 170 countries worldwide.

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