October 3, 2022
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AeroVironment posts third-quarter quarter loss despite growing revenue

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Drone maker AeroVironment, with operations in Simi Valley, reported a loss of $837,000, or 4 cents per share, for its third quarter ended Jan. 27, despite a 20 percent increase in revenue. In a news release March 6, CEO Wahid Nawabi attributed the downturn to an estimated $3.1 million one-time expense related to changes to…

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