Aviat Networks, Inc. (NASDAQ:AVNW) Q2 2019 Earnings Conference Call Transcript

Feb 11, 2019 • 04:30 pm ET

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Aviat Networks, Inc. (NASDAQ:AVNW) Q2 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good afternoon. My name is Ella, and I will be your conference operator today. At this time, I would like to welcome everyone to the Aviat Networks Second Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

Mr. Glenn Wiener, you may begin your conference.

Executive
Glenn Wiener

Thank you, Ella, and welcome to Aviat Networks fiscal 2019 second quarter results conference call. We just filed our Form 10-Q and issued our press release. You could also find our updated investor presentation, all documents can be found in the Investor Relations section of our website.

Speaking from management today will be Michael Pangia, President and Chief Executive Officer and Stan Gallagher, Chief Operating Officer. Shaun McFall, Senior Vice President of Corporate Development, is also with us and will be available during the Q&A portion of today's call.

Before reading our safe harbor statement, I'd like to remind everyone that last month management presented at the 21st Annual Needham Growth Conference, which was very well attended and we filed the event's transcript as an exhibit on Form 8-K. During that presentation, management had reiterated its most recent second quarter financial outlook and as you saw from the press release just issued, this is what transpired for both the top and bottom line results.

With respect to safe harbor, during today's call, management may make forward-looking statements regarding Aviat's business, including, but not limited to, statements relating to projections of earnings and revenue, business drivers, the timing and capabilities of new products, network expansion by mobile and private network operators and economic activity in different regions. These and other forward-looking statements involve assumptions, risks, and uncertainties that could cause actual results to differ materially from those statements. Please note these forward-looking statements reflect the Company's opinions only as of the date of this call, and the Company undertakes no obligation to revise or publicly release the results of any revision of these forward-looking statements in light of new information or future events. Additionally, during today's call, management will reference both GAAP and non-GAAP financial measures. Please refer to our press release and financial tables therein, which include a GAAP to non-GAAP reconciliation and other supplemental financial information.

I'd like to thank you all for your interest and support and we certainly look forward to updating you on our progress.

With that, I will now turn the call over to Mike.

Executive
Michael Pangia

Thank you, Glenn. I'm really pleased with the strong results we delivered in the second quarter. Our optimism moving into the second half of the year is positive. Our pipeline is building, the newer products we have introduced are being well received by both existing and prospective customers and we continue to take steps towards a more optimal financial model. Operationally, we're continuing to build on the areas that we have already made more efficient and we are training additional resources in the area of