Aviat Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported revenue from product sales and services of $129.0 million against $105.0 million for the same period last year. Operating income was $4.9 million against operating loss of $8.6 million for the same period last year. Income from continuing operations before income taxes was $4.9 million against loss from continuing operations before income taxes of $9.2 million for the same period last year. Loss from continuing operations was $5.0 million against or 0.08 per diluted share against $10.0 million or $0.17 per diluted share for the same period last year. Net loss was $5.3 million or $0.09 per diluted share against $12.8 million or $0.22 per diluted share for the same period last year. Non-GAAP operating income was $7.2 million against $0.6 million for the same period last year. Non-GAAP income from continuing operations was $6.5 million or $0.11 per diluted share against $0.3 million for the same period last year. Adjusted EBITDA was $8.7 million against $1.5 million for the same period last year. GAAP cash flow from operations generated $12.7 million with CapEx in the quarter of $2.3 million, free cash flows stood at positive $10.4 million.

For the six months, the company reported revenue from product sales and services of $244.0 million against $216.4 million for the same period last year. Operating income was $6.2 million against operating loss of $11.1 million for the same period last year. Income from continuing operations before income taxes was $5.6 million against loss from continuing operations before income taxes of $11.9 million for the same period last year. Loss from continuing operations was $5.8 million against or 0.10 per diluted share against $13.7 million or $0.23 per diluted share for the same period last year. Net loss was $7.5 million or $0.13 per diluted share against $19.6 million or $0.33 per diluted share for the same period last year. Net cash provided by operating activities was $3.5 million against net cash used in operating activities of $7.5 million for the same period last year. Additions of property, plant and equipment were $3.6 million against $3.4 million for the same period last year. Non-GAAP operating income was $10.6 million against $0.9 million for the same period last year. Non-GAAP income from continuing operations was $9.3 million or $0.15 per diluted share against $0.4 million or $0.01 per diluted share for the same period last year. Adjusted EBITDA was $14.0 million against $3.3 million for the same period last year.

The company expected third quarter of 2013 non-GAAP gross margin rate to be consistent with previous guidance that gross margin rates will be above 30% in the second half of fiscal year 2013. Based on current trends, the third quarter of fiscal 2013 revenue outlook range is $115 million - $121 million. Non-GAAP income from continuing operations is expected to be in the range of $0.02 - $0.06 per diluted share.