company AVAV - SteadyBase

steadybase-$ company AVAV

account_id none on file

legal_name AeroVironment Inc

ticker AVAV

cik 1368622

domain avinc.com

linkedin_company_url https://www.linkedin.com/company/aerovironment

entry_point_account_id none on file

name AeroVironment Inc.

exchange Nasdaq

sector Industrials

hq Arlington, VA, United States

irhttps://investor.avinc.com/

sector index/company/sector/industrials/

calls 16 filings 51 executives 19 family 0

why_nownone on file

calls

Number two, besides the travel, the continuing resolution that is happening right now in the U.S. defense budgets and Washington and government continuing resolution does also have an impact in our ability to actually process these things and move them through the sales cycle as we expect it.

Dec 7, 2021 / receipt, needs a key / Waheed, other | earnings call 2021-12-07 | transcript c02bd0a0-45e9-4fa8-a8d9-ba71893a5adb | chars 34887-35180 | segment 35

These hit wins include supply chain constraints due to the global COVID-19 pandemic, delayed awards of several customer contracts due to an uptick in pandemic-related travel restrictions, and lack of approval of National Defense Authorization Act for government fiscal year 2022, resulting in continuing resolutions and a tight labor market.

Dec 7, 2021 / receipt, needs a key / Waheed Nawabi, CEO | earnings call 2021-12-07 | transcript c02bd0a0-45e9-4fa8-a8d9-ba71893a5adb | chars 3502-3843 | segment 3

With regards to COVID-19 pandemic, increased concerns over the Delta and Omicron variants of the virus have resulted in further domestic and international travel restrictions. This, along with other pandemic-related delays, negatively impacts our ability to secure new contract wins in a timely manner, both domestically and internationally, even though our backlog remains robust.

Dec 7, 2021 / receipt, needs a key / Waheed Nawabi, CEO | earnings call 2021-12-07 | transcript c02bd0a0-45e9-4fa8-a8d9-ba71893a5adb | chars 6669-7050 | segment 6

We haven't really broken it down specifically to dollar amounts per, but those are the top three areas areas that contribute to overall headwinds for us Peter okay and then just as a follow-up if I could on just is this does it feel like it's more timing related in you know when you think about kind of the order delays and that you would expect those to eventually come back to you or are you seeing any changes by your customers sure so as I said on my remarks some of these things are very transition transitory so they will most likely work their way out sooner rather than later But there's, for example, the travel delays, we believe that it's going to start to get better, and it had gotten better, and now the Delta variant and the Omicron variant sort of threw a wrench at that. So those, I believe, that over the short term is eventually going to work its way out.

Dec 7, 2021 / receipt, needs a key / Waheed, other | earnings call 2021-12-07 | transcript c02bd0a0-45e9-4fa8-a8d9-ba71893a5adb | chars 24567-25442 | segment 25

Number one, the global pandemic still serves as a deterrence for the ability of our customers and our teams to travel both domestically and internationally as we used to do before the pandemic. That's one.

Dec 7, 2021 / receipt, needs a key / Waheed, other | earnings call 2021-12-07 | transcript c02bd0a0-45e9-4fa8-a8d9-ba71893a5adb | chars 34681-34886 | segment 35

The $7 million remainder of the increase in SG&A year over year was a result of the newly acquired operations, partially offset by lower travel and other expenses impacted by the pandemic.

Sep 8, 2021 / receipt, needs a key / Kevin McDonald, CFO | earnings call 2021-09-08 | transcript 739e1e8a-8c74-4093-a2ab-d598394667ea | chars 19455-19643 | segment 19

And is international travel restrictions and COVID, is that, you know, is that still any kind of meaningful, you know, headwind to closing sales for, I guess, for any of your products at this point?

Sep 8, 2021 / receipt, needs a key / Peter Skibiski, other | earnings call 2021-09-08 | transcript 739e1e8a-8c74-4093-a2ab-d598394667ea | chars 28834-29032 | segment 29

Yes, Pete. That has remained to be a challenge. We have, as I said on the remarks, we have addressed those challenges extremely well so far. We are able to get into these countries, and they are able to travel, but they are very limited and very difficult still. Many of the countries in the Middle East, the process is extremely sort of long and challenging, and as well, a lot of customers are still hesitant to allow their teams to travel as well as to allow visitors to come to their country or their sites.

Sep 8, 2021 / receipt, needs a key / Waheed, CEO | earnings call 2021-09-08 | transcript 739e1e8a-8c74-4093-a2ab-d598394667ea | chars 29033-29544 | segment 29

Included in SG&A for the quarter were intangible amortization and deal integration costs of $6.7 million compared to just over $600,000 in Q4 FY20 which represented most of the year-over-year increase in SG&A. The remainder of the increase in SG&A for the quarter was a result of newly acquired operations offset by lower travel and other expenses impacted by the pandemic.

Jun 29, 2021 / receipt, needs a key / Kevin McDonald, CFO | earnings call 2021-06-29 | transcript 4254d0f3-b526-4ce5-a2b6-e78b12a58879 | chars 18709-19082 | segment 18

The year-over-year improvement can be attributed to lower travel and trade show expenses as a result of the pandemic.

Jun 29, 2021 / receipt, needs a key / Kevin McDonald, CFO | earnings call 2021-06-29 | transcript 4254d0f3-b526-4ce5-a2b6-e78b12a58879 | chars 19591-19708 | segment 19

While the pandemic continued to shift some orders due mainly to travel restrictions, we're still delivering on our commitments and and working toward a fourth consecutive year of profitable growth.

Mar 9, 2021 / receipt, needs a key / Waheed Nawabi, CEO | earnings call 2021-03-09 | transcript e9617779-007c-4e5e-bb2f-dd69dfc140d1 | chars 3805-4002 | segment 3

While we are experiencing limitations in our ability to travel during the COVID-19 pandemic, which delayed some customer orders, we're confident in our ability to continue delivering strong results.

Mar 9, 2021 / receipt, needs a key / Waheed Nawabi, CEO | earnings call 2021-03-09 | transcript e9617779-007c-4e5e-bb2f-dd69dfc140d1 | chars 7801-7999 | segment 8

filings

The decrease in SG&A expense was primarily due to a decrease of $17.4 million of intangible amortization expense and a decrease of $22.5 million in acquisition related expenses resulting from the prior year acquisition of BlueHalo, partially offset by an increase of approximately $9 million of employee related expenses related to increases in headcount and an increase of $4.4 million of bad debt expense.

filing / Sep 10, 2026 / receipt

Stephen Page, director since 2013, notified the board of his decision to retire from the board effective upon the expiration of his current term and therefore resign as a director effective at the annual meeting.