AeroVironment Inc 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934. For the quarterly period endedJanuary 25, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 AEROVIRONMENT, INC. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuantto Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☒Accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of February 26, 2025, the number of shares outstanding of the registrant’s common stock, $0.0001 par value, was28,218,842. AeroVironment,Inc. Table of Contents Item 1.Financial Statements: Condensed Consolidated Balance Sheets as of January 25, 2025 (Unaudited) andApril30, 20243CondensedConsolidated Statements of Operations for the three and nine monthsended January 25, 2025 (Unaudited) and January 27, 2024 (Unaudited)4CondensedConsolidated Statements of Comprehensive (Loss) Income for the threeand nine months ended January 25, 2025 (Unaudited) and January 27, 2024(Unaudited)5Condensed Consolidated Statements of Stockholders’ Equity for the three and ninemonths ended January 25, 2025 (Unaudited)and January 27, 2024 (Unaudited)6CondensedConsolidated Statements of Cash Flows for the nine months endedJanuary 25, 2025 (Unaudited) and January 27, 2024 (Unaudited)8Notes toCondensedConsolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations33Item 3.Quantitative and Qualitative Disclosures About Market Risk47Item 4.Controls and Procedures47 PARTII. OTHER INFORMATION Item 1.Legal Proceedings48Item 1A.Risk Factors48Item 2.Unregistered Sales of Equity Securities and Use of Proceeds60Item 3.Defaults Upon Senior Securities60Item 4.Mine Safety Disclosures60Item 5.Other Information60Item 6.Exhibits61Signatures62 PARTI. FINANCIAL INFORMATION AeroVironment,Inc.Condensed Consolidated Balance Sheets(In thousands except share and per share data) AeroVironment,Inc.Condensed Consolidated Statements of Operations (Unaudited)(In thousands except share and per share data) AeroVironment,Inc.Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited)(In thousands) Three Months EndedNine Months EndedJanuary25,January27,January25,January27,2025202420252024Net (loss) income$(1,754)$13,885$26,955$53,620Other comprehensive (loss) income:Change in foreign currency translation adjustments(969)1,189(605)(436)Total comprehensive (loss) income$(2,723)$15,074$26,350$53,184 See accompanying notes to condensed consolidated financial statements (unaudited). AeroVironment,Inc.Condensed Consolidated Statements of Stockholders’ EquityFor the three months ended January 25, 2025 and January 27, 2024 (Unaudited)(In thousands except share data) AeroVironment,Inc.Condensed Consolidated Statements of Stockholders’ EquityFor the nine months ended January 25, 2025 and January 27, 2024 (Unaudited)(In thousands except share data) AeroVironment,Inc.Condensed Consolidated Statements of Cash Flows (Unaudited)(In thousands) AeroVironment, Inc.Notes to Condensed Consolidated Financial Statements (Unaudited) 1. Organization and Significant Accounting Policies Organization AeroVironment, Inc., a Delaware corporation (the “Company”), is engaged in the design,development, production, delivery and support of a technologically advanced portfolio of intelligent,multi-domain robotic systems and related services for government agencies and businesses.AeroVironment, Inc. supplies uncrewed aircraft and ground robot systems, loitering munitionssystems and related services primarily to organizations within or sup