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Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Apr. 30, 2021

Quarterly Results of Operations (Unaudited)

Schedule of selected unaudited consolidated financial data


		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)


		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.