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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Apr. 30, 2021
Quarterly Results of Operations (Unaudited) |
Quarterly Results of Operations (Unaudited) | 25. Quarterly Results of Operations (Unaudited) ​ The following tables present selected unaudited consolidated financial data for each of the eight quarters in the two-year period ended April 30, 2021. In the Company’s opinion, this unaudited information has been prepared on the same basis as the audited information and includes all adjustments (consisting of only normal recurring adjustments) necessary for a fair statement of the financial information for the period presented. The Company’s fiscal year ends on April 30. Due to the fixed year end date of April 30, the first and fourth quarters each consist of approximately 13 weeks. The second and third quarters each consist of exactly 13 weeks. The first three quarters end on a Saturday. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |
​ |  | August 1, 2020 | ​ | October 31, 2020 |  | January 30, 2021 |  | April 30, 2021 |
​ | ​ | (In thousands except per share data) |
Year ended April 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 87,450 | ​ | $ | 92,665 | ​ | $ | 78,782 | ​ | $ | 136,015 | ​
Gross margin | ​ | $ | 35,411 | ​ | $ | 40,851 | ​ | $ | 28,641 | ​ | $ | 59,655 | ​
Net income attributable to AeroVironment, Inc. from continuing operations | ​ | $ | 10,080 | ​ | $ | 2,094 | (1) | $ | 211 | ​ | $ | 10,946 | (2)
Net income per share attributable to AeroVironment, Inc. from continuing operations—basic(3) | ​ | $ | 0.42 | ​ | $ | 0.09 | (1) | $ | 0.01 | ​ | $ | 0.45 | (2)
Net income per share attributable to AeroVironment, Inc. from continuing operations—diluted(3) | ​ | $ | 0.42 | ​ | $ | 0.09 | (1) | $ | 0.01 | ​ | $ | 0.44 | (2)
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |
​ |  | July 27, | ​ | October 26, |  | January 25, |  | April 30, |
​ | ​ | 2019 | ​ | 2019 | ​ | 2020 | ​ | 2020 |
​ | ​ | (In thousands except per share data) |
Year ended April 30, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue | ​ | $ | 86,911 | ​ | $ | 83,271 | ​ | $ | 61,891 | ​ | $ | 135,223 | ​
Gross margin | ​ | $ | 41,272 | ​ | $ | 35,166 | ​ | $ | 23,496 | ​ | $ | 53,168 | ​
Net (loss) income attributable to AeroVironment, Inc. from continuing operations | ​ | $ | 17,110 | ​ | $ | 7,501 | ​ | $ | (1,008) | ​ | $ | 17,736 | ​
Net (loss) income per share attributable to AeroVironment, Inc. from continuing operations—basic(3) | ​ | $ | 0.72 | ​ | $ | 0.32 | ​ | $ | (0.04) | ​ | $ | 0.74 | ​
Net (loss) income per share attributable to AeroVironment, Inc. from continuing operations—diluted(3) | ​ | $ | 0.71 | ​ | $ | 0.31 | ​ | $ | (0.04) | ​ | $ | 0.73 | ​
(1) | Includes a loss of $8.4 million for the Company’s proportionate share of the HAPSMobile Inc. joint venture’s impairment of its investment in Loon LLC recorded to “Equity method investment loss, net of tax” in the consolidated statement of operations.
(2) | Includes a $9.3 million legal accrual related to our former EES Business recorded to “Other (expense) income, net” in the consolidated statement of operations.
(3) | Earnings per share is computed independently for each of the quarters presented. The sum of the quarterly earnings per share may not equal the total earnings per share computed for the year due to rounding.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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