Q1 2021 Aviat Networks Inc Earnings Call

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During today's call and webcast management may make forward looking statements regarding aviats business, including but not limited to statements relating to financial projections business drivers new products and expansions the impact of COVID-19 and economic activity in different regions.

And doubled in the first quarter coming in at eight point film 4 million for the quarter up $4.2 million or 103% versus the same period last year up over 52% from our fiscal fourth quarter 2020, and equaled 62% of our reported full year 2020.

We are offering our 10 gigabit.

Capacity single.

Multi band radio platform provide the industries simplest multi band solution, which lowers customers total cost of ownership.

Reducing microwave spectrum costs. We recently received initial orders for our frequency assured software or fast or unique and proprietary software system for interference monitoring and analysis, providing customers increased network reliability and uptime the obvious fast solution provide.

Our customers with necessary data analysis to work with regulators regarding interference issues and it's critical to the reliability of mission critical microwave links, especially with the emergence of Wi Fi <unk>, which allows unlicense devices to operate and a key microwave banned in the U S.

Our revenues since fiscal 2018 to further support our international strategy during the first quarter, we strengthen our international sales team with the hiring of a new Vice president of sales for our Europe Middle East and Africa regions, Steve to data and our Vice President of sales for our Asia Pacific regions when Lee.

Yes, we welcome Steve and went to the Aviat family and look forward to great things from this organization with that let me turn the call over to Eric to review, our financials before coming back for some final comments Eric.

16% year over year coming in at $17.7 million for the first quarter 2021, compared to $21 million for the same period last year.

Non-GAAP operating expenses, which exclude the impact of restructuring charges and share based compensation were down approximately 12% as $17.2 million compared to 19.5 million last year.

Both GAAP and non-GAAP operating expenses decreased primarily due to cost savings initiatives implemented in the second half of fiscal 2020, including our announced restructuring plans that slowdown in hiring and reduced travel.

Just a few additional comments before opening up for QNX.

Of $245 million to $255 million.

Bottom line, we last time, we did he had twice as much revenue.

We deliver value basically where you can switch between bands at a low cost as opposed to putting in.

Multiple radios were having to.

Use more of the.

Higher price spectrum. So so if you think about it kind of from from an it make an airliner analogy.

We allow the operator total.

So Ron economy for as much as possible, but then when needed.

We inexpensive we for the operators bump them up into business class or first bus with our multi band solution, which which.

It is very difficult for any of our competition to do at the price point that we were.

Okay. Thanks, very much helpful. Yes. Thank you.

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