Viavi Solutions (VIAV) stock price, revenue, and financials

Viavi Solutions market cap is $3.4 b, and annual revenue was $1.2 b in FY 2021

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+0.19(+1.36%)

$3.4 B

VIAV Mkt cap, 13-May-2022

$314.8 M

Viavi Solutions Revenue Q2, 2022

Viavi Solutions Gross profit (Q2, 2022)190.5 M

Viavi Solutions Gross profit margin (Q2, 2022), %60.5%

Viavi Solutions Net income (Q2, 2022)34.6 M

Viavi Solutions EBIT (Q2, 2022)49.3 M

Viavi Solutions Cash, 01-Jan-2022732.1 M

Viavi Solutions EV3.4 B

Viavi Solutions Revenue

Viavi Solutions revenue was $1.2 b in FY, 2021 which is a 5.5% year over year increase from the previous period.

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Viavi Solutions Revenue Breakdown

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Viavi Solutions revenue breakdown by business segment: 89.1% from Network Enablement, 10.9% from Service Enablement and 0.0% from Other

Viavi Solutions revenue breakdown by geographic segment: 7.1% from Other Americas, 23.1% from Creater China , 11.1% from Other Asia, 6.4% from Switzerland , 24.7% from Other EMEA and 27.5% from United States

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Revenue	1.1b	1.1b	1.2b
Revenue growth, %	28%	1%	6%
Cost of goods sold	478.9m	471.0m	484.5m
Gross profit	651.4m	665.3m	714.4m
Gross profit Margin, %	58%	59%	60%
R&D expense	187.0m	193.6m	203.0m
General and administrative expense	343.5m	315.0m	337.5m
Operating expense total	530.5m	547.2m	572.2m
Depreciation and amortization	38.1m	35.1m	33.3m
EBIT	67.4m	118.1m	142.2m
EBIT margin, %	6%	10%	12%
Interest expense	34.3m	33.7m	36.1m
Interest income	8.1m	7.1m	2.9m
Pre tax profit	39.3m	94.0m	109.4m
Income tax expense	31.5m	65.3m	63.3m
Net Income	5.4m	28.7m	46.1m
EPS	0.0	0.1	0.2

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022
Revenue	268.5m	306.9m	265.2m	299.8m	313.7m	256.2m	284.7m	299.9m	303.4m	326.8m	314.8m
Cost of goods sold	118.1m	128.9m	111.7m	125.4m	124.2m	109.4m	115.3m	119.8m	121.4m	131.8m	124.3m
Gross profit	150.4m	178.0m	153.5m	174.4m	189.5m	146.8m	169.4m	180.1m	182.0m	195.0m	190.5m
Gross profit Margin, %	56%	58%	58%	58%	60%	57%	60%	60%	60%	60%	61%
R&D expense	42.6m	45.9m	48.7m	51.5m	50.3m	46.8m	48.8m	50.0m	52.1m	53.6m	50.5m
General and administrative expense	84.4m	88.5m	86.8m	93.2m	86.3m	83.6m	81.4m	79.5m	86.1m	91.8m	88.2m
Operating expense total	127.0m	134.4m	135.5m	153.7m	144.5m	137.7m	138.1m	137.8m	146.1m	148.1m	141.2m
Depreciation and amortization	9.8m	10.4m	9.2m	8.7m	8.8m	8.9m	8.5m	8.1m	8.3m	2.7m	2.6m
EBIT	(1.2m)	32.9m	7.9m	20.7m	45.0m	9.1m	31.3m	42.3m	35.9m	46.9m	49.3m
EBIT margin, %	0%	11%	3%	7%	14%	4%	11%	14%	12%	14%	16%
Interest expense	10.1m	8.1m	8.0m	8.3m	8.4m	8.4m	9.0m	9.0m	9.0m	3.6m	7.1m
Pre tax profit	(9.6m)	26.3m	800.0k	15.1m	37.9m	6.0m	22.9m	34.4m	26.0m	(41.2m)	36.9m
Income tax expense	5.7m	10.9m	5.6m	8.3m	9.9m	38.8m	8.6m	12.5m	14.2m	13.6m	2.3m
Net Income	(15.3m)	13.0m	(4.8m)	6.8m	28.0m	(32.8m)	14.3m	21.9m	11.8m	(54.8m)	34.6m
EPS	(0.1)	0.1	0.0	0.0	0.1	(0.1)	0.6	0.1	0.1	(0.2)	0.1

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Cash	521.5m	539.0m	697.8m
Accounts Receivable	233.8m	235.5m	256.5m
Prepaid Expenses	53.8m	50.8m	57.0m
Inventories	102.7m	83.3m	94.9m
Current Assets	916.8m	913.6m	1.1b
PP&E	179.9m	172.5m	196.0m
Goodwill	381.1m	381.4m	396.5m
Total Assets	1.8b	1.8b	2.0b
Accounts Payable	63.4m	53.0m	63.2m
Short-term debt		2.8m	414.2m
Current Liabilities	284.0m	232.8m	705.0m
Long-term debt	578.8m	600.9m	255.6m
Total Debt	578.8m	603.7m	669.8m
Total Liabilities	1.1b	1.1b	1.2b
Common Stock	200.0k	200.0k	200.0k
Additional Paid-in Capital	70.2b	70.3b	70.3b
Retained Earnings	(69.4b)	(69.4b)	(69.4b)
Total Equity	725.8m	711.4m	774.8m
Debt to Equity Ratio	0.8 x	0.8 x	0.9 x
Debt to Assets Ratio	0.3 x	0.3 x	0.3 x
Financial Leverage	2.5 x	2.5 x	2.5 x

Quarterly

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022
Cash	525.3m	551.8m	532.5m	590.8m	644.2m	672.2m	915.6m	732.1m
Accounts Receivable	232.7m	251.5m	235.4m	220.1m	251.3m	262.7m	243.1m	258.3m
Prepaid Expenses	51.8m	54.5m	54.3m	58.7m	58.1m	48.6m	65.0m	69.4m
Inventories	99.4m	91.9m	87.0m	87.3m	88.2m	90.6m	102.8m	114.4m
Current Assets	914.2m	954.8m	914.0m	961.6m	1.0b	1.1b	1.3b	1.2b
PP&E	170.5m	173.5m	171.1m	175.4m	181.7m	180.0m	203.1m	213.3m
Goodwill	376.7m	384.5m	376.2m	387.9m	395.4m	396.4m	393.9m	393.0m
Total Assets	1.8b	1.9b	1.8b	1.8b	1.9b	1.9b	2.2b	2.0b
Accounts Payable	60.9m	48.9m	45.2m	45.2m	53.5m	54.8m	66.9m	68.0m
Current Liabilities	282.5m	261.9m	239.1m	227.5m	263.6m	273.1m	292.5m	285.1m
Long-term debt	584.3m	589.8m	595.3m	606.6m	612.4m	618.1m	800.7m	755.8m
Total Debt	584.3m	589.8m	595.3m	606.6m	612.4m	618.1m	800.7m	755.8m
Total Liabilities	1.1b	1.1b	1.1b	1.1b	1.1b	1.1b	1.3b	1.2b
Common Stock	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k	200.0k
Additional Paid-in Capital	70.2b	70.3b	70.3b	70.3b	70.3b	70.3b	70.3b	70.4b
Retained Earnings	(69.4b)	(69.4b)	(69.4b)	(69.4b)	(69.4b)	(69.4b)	(69.4b)	(69.5b)
Total Equity	708.1m	764.3m	676.9m	753.8m	801.0m	811.8m	858.6m	774.8m
Debt to Equity Ratio	0.8 x	0.8 x	0.9 x	0.8 x	0.8 x	0.8 x	0.9 x	1 x
Debt to Assets Ratio	0.3 x	0.3 x	0.3 x	0.3 x	0.3 x	0.3 x	0.4 x	0.4 x
Financial Leverage	2.6 x	2.4 x	2.6 x	2.4 x	2.4 x	2.4 x	2.5 x	2.6 x

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Net Income	5.4m	28.7m	46.1m
Depreciation and Amortization	112.2m	107.8m	102.3m
Accounts Receivable	(15.2m)	(5.1m)	(15.0m)
Inventories	(15.4m)	3.7m	(14.3m)
Accounts Payable	8.7m	(9.2m)	7.0m
Cash From Operating Activities	138.8m	135.6m	243.3m
Capital Expenditures	(45.0m)	(31.9m)	(52.1m)
Cash From Investing Activities	80.6m	(29.8m)	(48.7m)
Long-term Borrowings	(278.6m)	(2.7m)	(4.0m)
Cash From Financing Activities	(300.4m)	(71.7m)	(58.8m)
Net Change in Cash	(93.9m)	17.0m	161.0m
Interest Paid	11.8m	11.3m	12.3m
Income Taxes Paid	29.8m	50.6m	43.8m
Free Cash Flow	93.8m	103.7m	191.2m

Quarterly

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022
Net Income	6.8m	34.8m	2.0m	14.3m	36.2m	48.0m	(54.8m)	(20.2m)
Depreciation and Amortization	26.9m	54.0m	81.2m	25.5m	50.8m	76.6m	19.5m	38.4m
Accounts Receivable	500.0k	(13.5m)	(6.6m)	19.7m	(6.4m)	(21.0m)	10.9m	(6.0m)
Inventories	(3.4m)	3.2m	3.6m	(3.4m)	(3.3m)	(8.1m)	(10.3m)	(24.3m)
Accounts Payable	(1.6m)	(14.2m)	(16.0m)	(8.5m)	(2.4m)		3.4m	5.4m
Cash From Operating Activities	31.3m	69.3m	108.4m	63.9m	132.6m	180.7m	53.4m	75.6m
Capital Expenditures	(7.1m)	(13.3m)	(23.6m)	(8.0m)	(18.5m)	(26.7m)	(15.7m)	(34.1m)
Cash From Investing Activities	(5.9m)	(10.7m)	(20.1m)	(7.5m)	(18.0m)	(24.8m)	(14.8m)	(32.5m)
Long-term Borrowings	(1.0m)	(1.8m)	(2.1m)	(3.2m)	(3.4m)	(3.8m)	(150.0m)	(150.0m)
Cash From Financing Activities	(7.8m)	(25.3m)	(58.8m)	(15.8m)	(35.6m)	(43.2m)	182.8m	(2.9m)
Net Change in Cash	3.2m	29.8m	10.5m	51.8m	105.3m	134.6m	218.3m	35.3m
Free Cash Flow	24.2m	56.0m	84.8m	55.9m	114.1m	154.0m	37.7m	41.5m

Viavi Solutions's Backlog was reported to be $204.6m in FY, 2020.

	FY, 2019	FY, 2020	FY, 2021
Backlog	$244.1 m	$204.6 m
Patents Pending	767	913	1 k
Patents (Foreign)	1.3 k	1.48 k	1.53 k
Patents (US)	793	793	831
Countries	100	100	100
Countries (Facilities)	25	25

Ethnicity

	FY, 2021
White (USA), percent	68%
Hispanic / Latino (USA), percent	8%
Asian (USA), percent	15%
Other	9%

Source: uploads3.craft.co

Gender

	FY, 2021
Male (Other), percent	17.3%
Female (Other), percent	7.8%
Male (Technical Staff), percent	21.8%
Male (First and Mid-Level Managers), percent	20%
Male, percent	19%
Female, percent	6%
Other	8.3%