Company profile

Ticker
AVAV
Exchange
Website
CEO
Wahid Nawabi
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
952705790

AVAV stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Calendar

4 Mar 20
1 Jun 20
30 Apr 21

News

Company financial data Financial data

Quarter (USD) Jan 20 Oct 19 Jul 19 Apr 19
Revenue 61.89M 83.27M 86.91M
Net income -1.01M 7.5M 17.11M 5.68M
Diluted EPS -0.04 0.31 0.71 0.23
Net profit margin -1.63% 9.01% 19.69%
Operating income -1.11M 8.05M 18.9M 5.14M
Net change in cash 754K -6.35M -35.61M 23.34M
Cash on hand 131.5M 130.74M 137.09M 172.71M
Cost of revenue 38.4M 48.11M 45.64M 50.91M
Annual (USD) Apr 19 Apr 18 Apr 17 Apr 16
Revenue 314.27M 271.05M 228.94M 233.74M
Net income 47.44M 17.86M 13.1M 8.97M
Diluted EPS 1.97 0.75 0.56 0.39
Net profit margin 15.09% 6.59% 5.72% 3.84%
Operating income 33.83M 30.43M 20.77M 20.07M
Net change in cash 29.19M 63.61M -44.38M -19.12M
Cash on hand 172.71M 143.52M 79.9M 124.29M
Cost of revenue 185.87M 162.16M 133.76M 128.16M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
6 Mar 20 McDonnell Kevin Patrick Common Stock Grant Aquire A 0 4,088 0 4,088
24 Jan 20 Conver Timothy E Common Stock Sell Dispose S 67.69 6,896 466.79K 1,030,830
23 Jan 20 Conver Timothy E Common Stock Sell Dispose S 67.93 7,896 536.38K 1,037,726
9 Jan 20 Conver Timothy E Common Stock Sell Dispose S 70.11 1,703 119.4K 1,045,622
9 Jan 20 Conver Timothy E Common Stock Sell Dispose S 69.6 6,896 479.96K 1,047,325
8 Jan 20 Conver Timothy E Common Stock Sell Dispose S 68.75 6,896 474.1K 1,054,221
4 Jan 20 Alison Marie Roelke Common Stock Payment of exercise Dispose F 67.31 148 9.96K 3,294
83.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 199 204 -2.5%
Opened positions 29 35 -17.1%
Closed positions 34 25 +36.0%
Increased positions 73 68 +7.4%
Reduced positions 57 57
13F shares
Current Prev Q Change
Total value 1.22B 1.3B -5.8%
Total shares 19.99M 21.05M -5.0%
Total puts 152K 161.4K -5.8%
Total calls 145.9K 150.2K -2.9%
Total put/call ratio 1.0 1.1 -3.0%
Largest owners
Shares Value Change
BLK BlackRock 3.36M $205.09M -6.0%
Vanguard 2.55M $155.2M -8.7%
American Capital Management 1.63M $99.1M +1.4%
STT State Street 1.25M $76.15M +3.6%
Dimensional Fund Advisors 1.04M $63.24M -10.3%
Baillie Gifford & Co 826.33K $50.37M +1.1%
CMTDF Sumitomo Mitsui Trust 522.63K $31.86M -38.8%
Nikko Asset Management Americas 522.63K $31.86M -38.8%
BK Bank Of New York Mellon 511.64K $31.19M +8.4%
ARK Investment Management 370.82K $22.61M +102.8%
Largest transactions
Shares Bought/sold Change
CS Credit Suisse 15.92K -502.36K -96.9%
Millennium Management 353.7K +353.7K NEW
CMTDF Sumitomo Mitsui Trust 522.63K -331.32K -38.8%
Nikko Asset Management Americas 522.63K -331.2K -38.8%
Vanguard 2.55M -241.67K -8.7%
Granite Investment Partners 222.57K +222.57K NEW
BLK BlackRock 3.36M -216.63K -6.0%
FMR 197.72K +197.3K +47314.6%
Norges Bank 0 -193.12K EXIT
ARK Investment Management 370.82K +187.99K +102.8%

Financial report summary

?
Risks
  • Military transformation and changes in overseas operational levels may affect future procurement priorities and existing programs, which could limit demand for our UAS.
  • We operate in evolving markets, which makes it difficult to evaluate our business and future prospects.
  • We face competition from other firms, many of which have substantially greater resources.
  • If the UAS, tactical missile systems, and commercial UAS markets do not experience significant growth, if we cannot expand our customer base or if our products do not achieve broad acceptance, then we may not be able to achieve our anticipated level of growth.
  • Our international business poses potentially greater risks than our domestic business.
  • We could be prohibited from shipping our products to certain countries if we are unable to obtain U.S. government authorization regarding the export of our products, or if current or future export laws limit or otherwise restrict our business. In addition, failure to comply with export laws could result in fines, export restrictions and other sanctions and penalties.
  • If we are unable to manage the increasing complexity of our business or achieve or manage our expected growth, our business could be adversely affected.
  • Any efforts to expand our offerings beyond our current markets may not succeed, which could negatively impact our operating results.
  • The markets in which we compete are characterized by rapid technological change, which requires us to develop new products and product enhancements, and could render our existing products obsolete.
  • We expect to incur substantial research and development costs and devote significant resources to identifying and commercializing new products and services, which could significantly reduce our profitability and may never result in revenue to us.
  • Failure to obtain necessary regulatory approvals from the FAA or other governmental agencies, or limitations put on the use of small UAS in response to public privacy concerns, may prevent us from expanding the sales of our small UAS to non‑military customers in the United States.
  • Our products and services are complex and could have unknown defects or errors, which may give rise to claims against us, diminish our brand or divert our resources from other purposes.
  • If critical components or raw materials used to manufacture our products become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products, which could damage our business.
  • Our earnings and profit margins may decrease based on the mix of our contracts and programs and other factors related to our contracts.
  • We use estimates in accounting for many of our programs and changes in our estimates could adversely affect our future financial results.
  • Cost overruns on our contracts could subject us to losses, decrease our operating margins and adversely affect our future business.
  • Our senior management and key employees are important to our customer relationships and overall business.
  • We must recruit and retain highly‑skilled employees to succeed in our competitive business.
  • Our business may be dependent upon our employees obtaining and maintaining required security clearances, as well as our ability to obtain security clearances for the facilities in which we perform sensitive government work.
  • Our future profitability may be dependent upon achieving cost reductions and projected economies of scale from increasing manufacturing quantities of our products. Failing to achieve such reductions in manufacturing costs and projected economies of scale could materially adversely affect our business.
  • We face significant risks in the management of our inventory, and failure to effectively manage our inventory levels may result in product recalls or supply imbalances that could harm our business.
  • Due to the volatile and flammable nature of certain components of our products and equipment, fires or explosions may disrupt our business or cause significant injuries, which could adversely affect our financial results.
  • The operation of UAS in urban environments may be subject to risks, such as accidental collisions and transmission interference, which may limit demand for our UAS in such environments and harm our business and operating results.
  • As a manufacturer of commercial UAS, we are subject to various government regulations and may be subject to additional regulations in the future, violation of which could subject us to sanctions or otherwise harm our business.
  • We could be the subject of future product liability suits or product recalls, which could harm our business.
  • We are subject to pending legal proceedings that may disrupt our business, cause us to incur substantial costs, expose us to significant legal liabilities and could have a material adverse impact on our financial performance.
  • Our quarterly operating results may vary widely.
  • Shortfalls in available external research and development funding could adversely affect us.
  • Our work for the U.S. government and international governments may expose us to security risks.
  • We may not be able to obtain capital when desired on favorable terms, if at all, or without dilution to our stockholders.
  • Our cash may be subject to a risk of loss and we may be exposed to fluctuations in the market values of our portfolio investments and in interest rates.
  • Unstable market and economic conditions may have serious adverse consequences on our business, financial condition and stock price.
  • Acquisitions could be difficult to integrate, divert the attention of key personnel, disrupt our business, dilute stockholder value and impair our financial results.
  • Environmental laws and regulations and unforeseen costs could impact our future earnings.
  • Our business is subject to federal, state and international laws regarding data protection, privacy, and information security, as well as confidentiality obligations under various agreements, and our actual or perceived failure to comply with such obligations could damage our reputation, expose us to litigation risk and adversely affect our business and operating results.
  • Compliance with the SEC’s conflict minerals regulations may increase our costs and adversely impact the supply‑chain for our UAS products.
  • Our business and operations are subject to the risks of earthquakes and other natural catastrophic events.
  • We are subject to extensive government regulation, and our failure to comply with applicable regulations could subject us to penalties that may restrict our ability to conduct our business.
  • Our business could be adversely affected by a negative audit or investigation by the U.S. government.
  • Some of our contracts with the U.S. government allow it to use inventions developed under the contracts and to disclose technical data to third parties, which could harm our ability to compete.
  • U.S. government contracts are generally not fully funded at inception and contain certain provisions that may be unfavorable to us, which could prevent us from realizing our contract backlog and materially harm our business and results of operations.
  • U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue.
  • We are subject to procurement rules and regulations, which increase our performance and compliance costs under our U.S. government contracts.
  • If we fail to protect, or incur significant costs in defending or enforcing our intellectual property and other proprietary rights, our business, financial condition and results of operations could be materially harmed.
  • We may be sued by third parties for alleged infringement of their proprietary rights, which could be costly, time‑consuming and limit our ability to use certain technologies in the future.
  • The price of our common stock may fluctuate significantly.
  • Our management, whose interests may not be aligned with yours, is able to exert significant influence over all matters requiring stockholder approval.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accommodate, adequate, affordable, agent, ascertain, challenged, Clarifying, commonly, coupon, depend, dependent, electronic, floating, focusing, forfeited, group, hardware, healthcare, internationally, longer, lose, milestone, outbreak, prejudice, presence, prolonged, pronouncement, pursue, put, quality, raw, redesign, remarketing, requisite, scarce, Simplifying, spread, strain, supply, travel, unavailable, unearned, unstable, unwilling, validity, VRDN, withdrawn, withdrew
Removed: defend, delivered, JVA, proper, repair, resolution, vigorously

Patents

GRANT
Utility
Flux concentrator for ironless motor
26 May 20
In one embodiment, a magnet array and ironless winding for a motor is provided which has an array of permanent magnets being arranged such that flux from the permanent magnets reinforce on one side of the array and substantially cancel on an opposite side of the array, the array further includes flux concentrators forming poles on the reinforcing side of the array, and such that a magnetic moment at the poles is oriented generally perpendicular to the reinforcing side of the array, the winding being adjacent to the array and comprising conductor bundles having a generally rectangular cross-section arranged such that a long side of the generally rectangular cross-section is transverse to a direction of magnetic field lines at the poles.
GRANT
Utility
Motor mount and damper
26 May 20
A system having a damper with six or more indentations on alternating sides of the damper, where each indentation is open to an outer circumferential surface of the damper and extends over halfway through a width of the damper, and six or more slots, each slot open to an undulating inner circumferential surface of the damper and extending through the width of the damper.
GRANT
Utility
UAV having hermetically sealed modularized compartments and fluid drain ports
12 May 20
In one possible embodiment, an amphibious unmanned aerial vehicle is provided, which includes a fuselage comprised of a buoyant material.
APP
Utility
Systems and Devices for Remotely Operated Unmanned Aerial Vehicle Report-suppressing Launcher with Portable RF Transparent Launch Tube
7 May 20
An unmanned aerial vehicle (UAV) launch tube that comprises at least one inner layer of prepreg substrate disposed about a right parallelepiped aperture, at least one outer layer of prepreg substrate disposed about the right parallelepiped aperture, and one or more structural panels disposed between the at least one inner layer of prepreg substrate and the at least one outer layer of prepreg substrate.
GRANT
Utility
Aircraft grounding system
28 Apr 20
Liquid dispensing assemblies including adhesive anchoring assemblies configured to adhere to a support surface external to a device such as a vehicle.