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dDT

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dDT

Re: dDT post# 560150

Tuesday, 03/03/2015 5:27:20 PM

Tuesday, March 03, 2015 5:27:20 PM

Post# of 648882
< AeroVironment rises after mixed FQ3 results, guidance reiteration

In spite of its FQ3 revenue miss, AeroVironment (NASDAQ:AVAV) is reiterating FY15 (ends April '15) revenue guidance of $250M-$270M; consensus is at $258.2M.
Funded backlog at the end of FQ3 was $89.3M, down from $125.2M at the end of FQ2 (seasonality) and $95.5M a year earlier.
Driving the EPS beat: Gross margin was 39%; up from FQ2's 34% and flat Y/Y; by contrast GM fell 300 bps Y/Y in FQ2. GAAP SG&A spend rose by $100K Y/Y to $13.3M; R&D rose by $3.4M to $8.6M.
UAV division revenue rose 1% Y/Y to $58M; EV charging division revenue fell 12% to $10.4M.
AVAV +1.6% AH to $28.55.

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