AeroVironment Posts Record Revenue but Swings to $67 Million Loss on Integration Costs

AeroVironment Posts Record Revenue but Swings to $67 Million Loss on Integration Costs

Quick Read AeroVironment missed EPS estimates by 45% despite revenue more than doubling to $454.7M. Gross margins collapsed to 20.9% from 43% a year earlier. A $90.3M depreciation charge drove the swing from $21.2M profit to $67.4M loss. Nvidia made early investors rich, but there is a new class of ‘Next Nvidia Stocks’ that could be even better; learn more here. Yesterday we were watching whether AeroVironment could sustain its explosive rev…