May. 20 at 9:42 PM
$AVEX Q1 2026: Revenue +307% YoY to
$216.7M, EBITDA margin at 16.8%, but this looks like a peak phase.
Backlog declined
$146.5M QoQ and FY26 guidance signals clear slowdown.
Despite
$21M.X net income, operating cash flow was -
$10.4M due to
$71M tied up in receivables and contract assets.
Tactical Systems surged +548% to
$190.8M, but rapid backlog depletion and 73.9% U.S. government exposure raise visibility risk.
Strong growth vs weakening cash conversion—what matters more here for you?
