AeroVironment, Inc. (AVAV) - NASDAQ
  • Sat, Jul. 23, 1:08 PM
    • 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
    • The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
    • Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
    • Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
    | Sat, Jul. 23, 1:08 PM | 104 Comments
  • Tue, Jun. 28, 4:55 PM
    • AeroVironment (NASDAQ:AVAV) tripled earnings per share for its fiscal year, and it beat on profits in its fiscal Q4 results though EPS declined 25%.
    • Revenue breakout: Product sales, $60M (down 4.7%); Contract services, $24.7M (up 5.5%).
    • Gross margin was $37.9M (down 16% Y/Y as product margin fell $8.1M). Gross margin as a percentage of revenue fell to 45% from 52%.
    • Funded backlog was $65.8M, vs. a year-ago $64.7M.
    • For 2017, it's guiding to revenue of $260M-$280M (vs. $284.8M consensus), and EPS of $0.20-$0.35 (vs. $0.24 expected).
    • Press Release
    | Tue, Jun. 28, 4:55 PM
  • Tue, Jun. 28, 4:19 PM
    • AeroVironment (NASDAQ:AVAV): FQ4 EPS of $0.23 beats by $0.30.
    • Revenue of $84.8M (-1.9% Y/Y) misses by $0.49M.
    • Shares -2.14%.
    • Press Release
    | Tue, Jun. 28, 4:19 PM
  • Mon, Jun. 27, 5:35 PM
  • Tue, Jun. 21, 12:47 PM
    • The Department of Transportation and the Federal Aviation Administration have issued final rules covering the use of drones in the U.S. Key points are that drones must weigh less than 55 pounds and remain within a pilot's line of sight. A maximum groundspeed of 100 mph is allowed and pilots are instructed not to fly under a covered structure. Other snippets are listed below.
    • "Under the final rule, the person actually flying a drone must be at least 16 years old and have a remote pilot certificate with a small UAS rating, or be directly supervised by someone with such a certificate."
    • "The TSA will conduct a security background check of all remote pilot applications prior to issuance of a certificate."
    • "The FAA also will educate all commercial drone pilots on privacy during their pilot certification process; and will issue new guidance to local and state governments on drone privacy issues."
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, AMZN.
    | Tue, Jun. 21, 12:47 PM | 48 Comments
  • Mon, Jun. 20, 3:25 AM
    • The FAA could unveil its first rules permitting commercial drones as early as this week, but the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.
    • In recent days, agency officials have said the announcement - allowing drones weighing roughly 50 pounds to fly at low altitudes only in daylight and within sight of operators - is imminent.
    | Mon, Jun. 20, 3:25 AM | 6 Comments
  • Thu, Apr. 21, 3:11 AM
    • The Federal Aviation Administration has issued the first approval for flights of small commercial drones at night, in the latest sign of how quickly U.S. regulators are moving to authorize expanded uses of unmanned aircraft.
    • The clearance comes weeks before the FAA is expected to issue long-awaited rules for widespread commercial operations of small drones.
    • So far, such unmanned vehicles have been conducting commercial flights based on thousands of individual exemptions previously permitted by the agency.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Apr. 21, 3:11 AM | 8 Comments
  • Tue, Mar. 8, 5:54 PM
    • AeroVironment (NASDAQ:AVAV) is up 1.6% after hours to $27.00 after beating FQ3 EPS estimates (while missing on revenue) and reiterating FY16 (ends April '16) revenue guidance of $260M-$280M (compares with a $270.9M consensus). Gross margin guidance has been hiked to 38%-39.5% from 36%-37.5%.
    • Top-line performance: Quarter-ending funded backlog was $79.7M, down 18% Q/Q (seasonality) but up 23% Y/Y. UAS (drone division) revenue rose 5% Y/Y to $61.1M. EES (EV charging system division) revenue fell 38% to $6.5M.
    • Financials: Gross margin fell a modest 10 bps Y/Y to 39.4%. Boosting EPS: R&D spend fell by $300K to $8.2M, and SG&A was nearly flat at $13.1M. AeroVironment ended FQ3 with $220M in cash and no debt.
    • AeroVironment's FQ3 results, earnings release
    | Tue, Mar. 8, 5:54 PM
  • Tue, Mar. 8, 4:22 PM
    • AeroVironment (NASDAQ:AVAV): FQ3 EPS of $0.27 beats by $0.22.
    • Revenue of $67.6M (-1.2% Y/Y) misses by $2.75M.
    • Shares +6.8% AH.
    • Press Release
    | Tue, Mar. 8, 4:22 PM | 1 Comment
  • Mon, Mar. 7, 5:35 PM
  • Thu, Feb. 25, 4:35 AM
    • The U.S. government wants to create a new category of "micro" drones that are built with materials that won’t harm people in a crash, opening the door for more widespread uses in crowded places and sensitive locations.
    • "The department continues to be bullish on new technology," Transportation Secretary Anthony Foxx said in the release.
    • The FAA is also finishing a set of regulations for other drones that weigh less than 55 pounds. The new micro category won't have a weight limit, so long as the devices can't hurt people.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Feb. 25, 4:35 AM | 15 Comments
  • Tue, Feb. 23, 2:56 AM
    • So far 368,472 drones have been filed with the FAA, after a Feb. 19 deadline for registration passed, exceeding the number of airplanes that are on record with the federal government.
    • The FAA is imposing a $5 fee for registrations, over the objections of drone advocates, but the agency provided refunds people who filed within the first 30 days of the new requirement.
    • What's the penalty for failing to register? The FAA may assess civil penalties of up to $27,500, and criminal sanctions including fines of up to $250K and/or imprisonment for up to three years.
    • Previously: FAA's drone registry goes live (Dec. 21 2015)
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Tue, Feb. 23, 2:56 AM | 35 Comments
  • Fri, Jan. 15, 4:56 PM
    • Wahid Nawabi, less than 9 months removed from being named AeroVironment's (NASDAQ:AVAV) COO, will now also serve as the UAV maker's President. Tim Conver remains chairman/CEO.
    • Conver: "Wahid's effective leadership as chief operating officer has contributed to significant improvements in our focus and operational effectiveness. Wahid will continue to focus on executing our operating plan while taking on a larger role in our strategic planning process to drive continued value creation."
    • The move comes five weeks after AeroVironment delivered a big FQ2 beat. The EPS portion of the beat was fueled in part by spending controls and major gross margin improvement.
    | Fri, Jan. 15, 4:56 PM | 1 Comment
  • Dec. 30, 2015, 2:45 AM
    | Dec. 30, 2015, 2:45 AM | 27 Comments
  • Dec. 25, 2015, 4:02 AM
    • Northrop Grumman (NYSE:NOC) has won a contract worth $93M to build a full-scale demonstrator of a new unmanned spy plane that would operate on destroyers and frigates.
    • Navy officials would like UAVs to carry out intelligence and surveillance measures from smaller warships, but current drones are unable to take off and land from confined spaces at sea and then stay airborne for long periods.
    • Aerovironment (NASDAQ:AVAV), the only other competitor for the contract, did not submit a bid.
    | Dec. 25, 2015, 4:02 AM | 1 Comment
  • Dec. 21, 2015, 2:38 AM
    • The FAA will open its mandatory drone registration program today in a move that could likely transition a growing hobbyist community to mass-market commercial industry.
    • Owners will be required to submit their names, home and email addresses to a national database, and to put a registration number on unmanned aircraft weighing from half a pound to 55 pounds.
    • An owner of a drone before Monday will have until Feb. 19 to register, but anyone who gets a drone after the website opens will have to register before its first flight.
    • Link to the FAA website
    • Related stocks: AMBA, AVAV, OTCQB:DRNE, GPRO, INVN, IXYS, TRMB
    • Previously: FAA to require registration for most drones (Dec. 15 2015)
    | Dec. 21, 2015, 2:38 AM | 25 Comments
Company Description
AeroVironment, Inc. is a technology solutions provider which designs, develops, produces and supports an advanced portfolio of unmanned aircraft systems and electric transportation solutions. It operates through two segments: Unmanned Aircraft Systems (UAS) and Efficient Energy Systems (ESS).... More
Industry: Aerospace/Defense Products & Services
Country: United States