Also trades as: 0R9S.L (LSE) · $vol 5M · 0R9S.IL (LSE) · $vol 5M

€29.18 ($32.65)

-0.15 (-0.51%)

Weekly Expected Move ±4.7%

€26 €28 €29 €31 €32

MIL · Industrials · Aerospace & Defense · Tech Score Neutral · Power 53 · €1.3B mcap · 29M float · 3.72% daily turnover

Revenue

$594M +22.7% ▲

5Y CAGR: +23.6%

Gross Profit

$116M -10.9% ▼

5Y CAGR: +1.9%

Operating Income

$9M +104.5% ▲

5Y CAGR: -10.9%

Net Income

$10M +72.1% ▲

5Y CAGR: -5.8%

EPS (Diluted)

$0.34 +47.8% ▲

5Y CAGR: -8.5%

EBITDA

$34M +43.5% ▲

5Y CAGR: -0.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$324M	$73M	$344M	$484M	$594M
YoY Growth	+57.3%	-77.4%	+369.4%	+40.8%	+22.7%
Cost of Revenue	$644M	$814K	$230M	$354M	$478M
Gross Profit	$97M	$72M	$114M	$130M	$116M
Gross Margin	29.8%	98.9%	33.1%	26.9%	19.5%
R&D Expenses	$125M	$169M	$130M	$221M	$0
SG&A Expenses	$73M	$81M	$97M	$114M	$0
Operating Expenses	$91M	$71M	$111M	$335M	$107M
Operating Income	$13M	$5M	$2M	-$199M	$9M
Operating Margin	4.1%	6.3%	0.7%	-41.0%	1.5%
Interest Expense	$373K	$880K	$693K	$2M	$1M
Income Before Tax	$9M	$1M	$7M	$7M	$13M
Tax Expense	-$512K	$72K	$17K	$378K	$1M
Net Income	$8M	-$435K	$6M	$6M	$10M
Net Margin	2.6%	-0.6%	1.9%	1.3%	1.8%
EPS (Diluted)	$0.32	$0.05	$0.25	$0.23	$0.34
EBITDA	$30M	$21M	$23M	$24M	$34M
Shares Outstanding	26M	25M	25M	26M	31M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$119M	$79M	$93M	$105M	$135M	$260M	$333M	$278M
Cost of Revenue	$103M	$54M	$61M	$76M	$98M	$189M	$273M	$219M
Gross Profit	$16M	$25M	$32M	$30M	$37M	$71M	$60M	$60M
Gross Margin	13.8%	31.8%	34.2%	28.1%	27.2%	27.4%	18.1%	21.4%
R&D Expenses	$58M	$31M	$34M	$34M	$34M	$0	$0	$0
SG&A Expenses	$20M	$24M	$25M	$26M	$29M	$62M	$5M	$0
Operating Expenses	$15M	$29M	$27M	$61M	$107M	$71M	$49M	$63M
Operating Income	$7M	-$3M	$5M	-$31M	-$68M	$29K	$11M	-$4M
Operating Margin	5.9%	-3.9%	5.2%	-29.6%	-50.5%	0.0%	3.4%	-1.3%
Interest Expense	$0	$0	$0	$0	$2M	$375K	$831K	$94K
Income Before Tax	$4M	-$2M	$5M	-$250K	$4M	$358K	$13M	$9M
Tax Expense	-$521K	$86K	-$77K	$641K	-$452K	$546K	$937K	$177K
Net Income	$5M	-$2M	$5M	-$212K	$3M	-$566K	$11M	$10M
Net Margin	3.8%	-2.3%	5.5%	-0.2%	2.4%	-0.2%	3.3%	3.5%
EPS (Diluted)	$0.18	$-0.07	$0.20	$-0.01	$0.12	$-0.02	$0.36	$0.19
EBITDA	$9M	$59K	$7M	$2M	$7M	$10M	$24M	$20M
Shares Outstanding	25M	25M	25M	25M	28M	28M	31M	51M

AVIO.MI MIL