AVNW — what changed in the latest 10-Q
A section-by-section comparison of AVNW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-04 vs the prior 10-Q · 2026-02-03
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −17 | ~11 | 9 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~7 | 3 |
| Controls & procedures | Text added/removed | +3 | −2 | ~2 | 2 |
| Risk factors | Some risk factors updated | +2 | 0 | ~1 | 1 |
| Other information | Text added/removed | +2 | −3 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-04
Revenue in North America decreased by $3.2 million during the third quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to lower demand for products of 17%. Revenue in North America increased by $2.1 million during the first nine months of fiscal 2026 compared with the …
Revenue in Europe increased by $0.9 million during the third quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to increases in demand for software offerings and services of 52% and 16%, respectively. Revenue in Europe increased by $5.9 million during the first nine mo…
Revenue in Latin America and Asia Pacific decreased by $11.7 million during the third quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to lower demand for software offerings, services, and products of 64%, 25% and 18%, respectively. Revenue in Latin America and Asia …
Gross margin for the third quarter of fiscal 2026 decreased by $10.0 million compared with the same quarter of fiscal 2025 primarily due to sales volumes and the mix of product and service offerings. Gross margin for the first nine months of fiscal 2026 increased by $1.1 million due to sales volumes…
Research and development expenses decreased by $48 thousand and $7.2 million for the three and nine months ended March 27, 2026, respectively, compared with the same periods in fiscal 2025, primarily due to cost management initiatives.
Text removed vs the prior filing · source: 10-Q · 2026-02-03
(In thousands, except percentages)December 26, 2025December 27, 2024$ Change% ChangeDecember 26, 2025December 27, 2024$ Change% Change
Revenue in Africa and the Middle East increased by $2.0 million during the second quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to increases in demand for products and services of 20% and 7%, respectively, across mobile network operators and private network custom…
Revenue in Europe increased by $3.1 million during the second quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to increases in demand of services of 56% from project timing, increase in product demand of 35% for mobile network operators, and a 20% increase in demand …
Revenue in Latin America and Asia Pacific decreased by $6.7 million during the second quarter of fiscal 2026 compared with the same period of fiscal 2025 primarily due to lower demand for services of 61%, partially offset by an increase of 36% on software offerings. Revenue in Latin America and Asia…
(In thousands, except percentages)December 26, 2025December 27, 2024$ Change% ChangeDecember 26, 2025December 27, 2024$ Change% Change
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-04
equity. As of March 27, 2026 and June 27, 2025, the cumulative translation adjustment decreased stockholders’ equity by $17.8 million and $18.8 million, respectively.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-04
and effectiveness of these and other processes, procedures and controls and make further changes management deems appropriate.
The Company’s management, with the participation of our President and CEO, and Chief Financial Officer (“CFO”), completed an evaluation of the effectiveness of the design and operation of the disclosure controls and procedures as of March 27, 2026. The Company’s CEO and CFO have concluded that our d…
Except as noted above, there were no changes to our internal controls over financial reporting as defined in Rules 13a-15(f) or 15d-15(f) that occurred during the quarter ended March 27, 2026 that have materially affected, or are reasonably likely to materially affect, our internal controls over fin…
Text removed vs the prior filing · source: 10-Q · 2026-02-03
The Company’s management, with the participation of our President and CEO, and Chief Financial Officer (“CFO”), completed an evaluation of the effectiveness of the design and operation of the disclosure controls and procedures as of December 26, 2025. The Company’s CEO and CFO have concluded that ou…
Except as noted above, there were no changes to our internal controls over financial reporting as defined in Rules 13a-15(f) or 15d-15(f) that occurred during the quarter ended December 26, 2025 that have materially affected, or are reasonably likely to materially affect, our internal controls over …
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-04
Negative reports, commentary, or publicity by short sellers, activist investors, or other third parties could harm our reputation and materially adversely affect our business and stock price.
We have and may again from time to time be the subject of negative publicity, commentary, or reports, including reports that may be published by short sellers, activist investors, or other third parties. Such reports have and may allege improper conduct, accounting irregularities, business weaknesse…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-04
On February 6, 2026, Erin Boase, General Counsel, Vice President Legal Affairs, adopted a new trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The trading plan is intended to permit Ms. Boase to sell an aggregate of 10,169 shares. Ms. Boas…
During the three months ended March 27, 2026, no other officers or directors adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2026-02-03
On November 20, 2024, Gary Croke, Senior Vice President, Product and Innovation, adopted a new trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The trading plan was intended to permit Mr. Croke to sell an aggregate of 25,461 shares. Mr. Cr…
On November 6, 2025, Peter Smith, President and Chief Executive Officer, adopted a new trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The trading plan is intended to permit Mr. Smith to sell an aggregate of 250,166 shares. Mr. Smith’s pl…
During the three months ended December 26, 2025, no other officers or directors adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice