Aviat Networks Announces Fiscal Second Quarter 2013 Financial Results

    Aviat Networks Announces Fiscal Second Quarter 2013 Financial Results

PR Newswire

SANTA CLARA, Calif., Jan. 30, 2013

SANTA CLARA, Calif., Jan. 30, 2013 /PRNewswire/ --Aviat Networks, Inc.
(NASDAQ: AVNW), the leading expert in microwave networking solutions, today
reported financial results for the second quarter of fiscal year 2013, which
ended December 28, 2012.

Financial Highlights for Q2FY13

  oRevenue for the quarter exceeded the top-end of the Company's guidance
    range at $129.0 million
  oOrders greater than revenue
  oGAAP Gross Margin of 30.0%; Non-GAAP Gross Margin was within the guidance
    range at 30.2%
  oGAAP Operating Expense of $33.8 million; Non-GAAP Operating Expense was
    within the guidance range at $31.8 million
  oGAAP Net Loss including discontinued operations was $(5.3) million or
    $(0.09) per share; Non-GAAP Net Income from continuing operations of $6.5
    million or $0.11 per diluted share

GAAP Financial Results

For the second quarter of fiscal year 2013, revenue was $129.0 million,
compared with $105.0 million in the year-ago quarter. The Company reported net
loss, including discontinued operations, of $(5.3) million or $(0.09) per
share, compared with a net loss of $(12.8) million or $(0.22) per share in the
year-ago quarter. Loss from continuing operations for the quarter was $(5.0)
million or $(0.08) per diluted share, compared with the loss from continuing
operations of $(10.0) million or $(0.17) per share in the year-ago quarter.
Revenue and results of operations from our WiMAX business are classified as
discontinued operations for all periods presented.

Cash and cash equivalents were $94.8 million as of December 28, 2012 compared
with $85.1 million as of the end of the prior quarter. The increase in cash
was primarily due to strong collections of customer receivables.

Non-GAAP Financial Results

Non-GAAP income from continuing operations for the quarter was $6.5 million or
$0.11 per diluted share, compared with non-GAAP income from continuing
operations of $0.3 million, or $0.00 per diluted share, in the year-ago
quarter. Adjusted EBITDA was $8.7 million compared with $1.5 million in the
year ago period.

The second quarter of fiscal year 2013 non-GAAP income from continuing
operations excluded $2.3 million of pre-tax charges composed primarily of the
following:

  o$1.8 million for share-based compensation expense
  o$0.3 million for amortization of purchased intangibles
  o$0.2 million of restructuring charges

The second quarter of fiscal year 2013 non-GAAP income from continuing
operations excluded an income tax provision of $9.2 million, which was
primarily attributable to a $9.9 million income tax reserve for uncertain tax
positions. Loss from discontinued operations, net of taxes was $(0.3) million
for the quarter. Adjusted EBITDA excluded $1.3 million for depreciation and
amortization on property, plant and equipment, $0.2 million for interest
expense, $9.9 million for income taxes provision, and non-GAAP pre-tax
adjustments as set forth above from GAAP income from continuing operations. A
reconciliation of GAAP to non-GAAP financial measures for the quarter
comparison with the year-ago period is provided on Table 4 along with the
accompanying notes.

Second Quarter Revenue by Region

Revenue in the North America region was $41.4 million in the second quarter of
fiscal 2013, compared with $44.2 million in the year-ago quarter and $38.7
million in the prior quarter. International revenue was $87.6 million,
compared with $60.8 million in the year ago quarter and $76.3 million in the
prior quarter.

"We had a seasonally great fiscal second quarter across our key operating
metrics driven by strength in Africa and continued solid performance in North
America," said Michael Pangia, president and CEO, Aviat Networks. "I am
confident we are making the right moves to profitably expand our business and
enhance shareholder value."

Outlook

Based on current trends, the third quarter of fiscal 2013 revenue outlook
range is $115 million - $121 million. Non-GAAP income from continuing
operations is expected to be in the range of $0.02 - $0.06 per diluted share.

The Company anticipates good cash collections in the third fiscal quarter of
2013. However, in view of the very strong collection performance in the
fiscal second quarter, the Company anticipates a possible decline in cash and
cash equivalents in the fiscal third quarter of 2013.

Conference Call Details

Aviat Networks, Inc. will host a conference call today at 4:30 p.m. Eastern
Time to discuss the Company's financial results. Those wishing to join the
call should dial 480-629-9760 or toll free at 877-941-4774 access code 4590206
at approximately 4:20 p.m. Eastern Time. A replay also will be available
starting approximately one hour after the completion of the call until
February 6, 2013. To access the replay, dial 303-590-3030 or toll free at
800-406-7325 access code 4590206. A live and archived webcast of the
conference call will also be available via the Company's Web site at
http://investors.aviatnetworks.com/events.cfm.

Non-GAAP Measures and Comparative Financial Information

Aviat Networks, Inc. reports information in accordance with U.S. Generally
Accepted Accounting Principles ("GAAP"). Management of Aviat Networks monitors
gross margin, research and development expenses, selling and administrative
expenses, operating income or loss, income tax provision or benefit, income or
loss from continuing operations, basic and diluted income or loss per share
from continuing operations, adjusted earnings before interest, tax,
depreciation and amortization ("adjusted EBITDA") on a non-GAAP basis for
planning and forecasting results in future periods, and may use these measures
for some management compensation purposes. These measures exclude certain
costs, expenses, gains and losses as shown on the attached Reconciliation of
Non-GAAP Financial Measures table. As a result, management is presenting these
non-GAAP measures in addition to results reported in accordance with GAAP to
better communicate underlying operational and financial performance in each
period. Management believes these non-GAAP measures provide information that
is useful to investors in understanding period-over-period operating results
separate and apart from items that may, or could, have a disproportionate
positive or negative impact on results in any given period. Management also
believes that these non-GAAP measures enhance the ability of an investor to
analyze trends in Aviat Networks' business and to better understand our
performance.

Aviat Networks' management does not, nor does it suggest that investors
should, consider such non-GAAP financial measures in isolation from, or as a
substitute for, financial information prepared in accordance with GAAP. Aviat
Networks presents such non-GAAP financial measures in reporting its financial
results to provide investors with an additional tool to evaluate the Company's
financial performance. Reconciliations of these non-GAAP financial measures
with the most directly comparable financial measures calculated in accordance
with GAAP are included in the tables below.

About Aviat Networks

Aviat Networks, Inc. (NASDAQ: AVNW) is a leading global provider of microwave
networking solutions transforming communications networks to handle the
exploding growth of IP-centric, multi-Gigabit data services. With more than
750,000 systems installed around the world, Aviat Networks provides LTE-proven
microwave networking solutions to mobile operators, including some of the
largest and most advanced 4G/LTE networks in the world. Public safety,
utility, government and defense organizations also trust Aviat Networks'
solutions for their mission-critical applications where reliability is
paramount. In conjunction with its networking solutions, Aviat Networks
provides a comprehensive suite of localized professional and support services
enabling customers to effectively and seamlessly migrate to next generation
Carrier Ethernet/IP networks. For more than 50 years, customers have relied on
Aviat Networks' high performance and scalable solutions to help them maximize
their investments and solve their most challenging network problems.
Headquartered in Santa Clara, California, Aviat Networks operates in 46
countries around the world. For more information, visit www.aviatnetworks.com
or connect with Aviat Networks on Twitter, Facebook and LinkedIn.

Forward-Looking Statements

The information contained in this document includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 21E of the Securities Exchange Act and Section 27A of the Securities
Act. All statements, trend analyses and other information contained herein
about the markets for the services and products of Aviat Networks, Inc. and
trends in revenue, as well as other statements identified by the use of
forward-looking terminology, including "anticipates," "believe," "plan,"
"estimate," "expect," "goal," "will," "see," "continues," "delivering,"
"view," and "intend," or the negative of these terms or other similar
expressions, constitute forward-looking statements. These forward-looking
statements are based on estimates reflecting the current beliefs of the senior
management of Aviat Networks. These forward-looking statements involve a
number of risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
Forward-looking statements should therefore be considered in light of various
important factors, including those set forth in this document. Important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include the following:

  ocontinued price erosion as a result of increased competition in the
    microwave transmission industry;
  othe impact of the volume, timing and customer, product and geographic mix
    of our product orders;
  oour ability to meet projected new product development dates or anticipated
    cost reductions of new products;
  oour suppliers' inability to perform and deliver on time as a result of
    their financial condition, component shortages or other supply chain
    constraints;
  ocustomer acceptance of new products;
  othe ability of our subcontractors to timely perform;
  ocontinued weakness in the global economy affecting customer spending;
  oretention of our key personnel;
  oour ability to manage and maintain key customer relationships;
  ouncertain economic conditions in the telecommunications sector combined
    with operator and supplier consolidation;
  othe timing of our receipt of payment for products or services from our
    customers;
  oour failure to protect our intellectual property rights or defend against
    intellectual property infringement claims by others;
  othe effects of currency and interest rate risks; and
  othe impact of political turmoil in countries where we have significant
    business.

For more information regarding the risks and uncertainties for our business,
see "Risk Factors" in our Form 10-K filed with the U.S. Securities and
Exchange Commission ("SEC") on September 4, 2012 as well as other reports
filed by Aviat Networks, Inc. with the SEC from time to time. Aviat Networks
undertakes no obligation to update publicly any forward-looking statement for
any reason, except as required by law, even as new information becomes
available or other events occur in the future.

Financial Tables to Follow:



Table 1
AVIAT NETWORKS, INC.
Fiscal Year 2013 Second Quarter Summary
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
                    Quarter Ended                  Two Quarters Ended
                    December28,     December 30,  December28,  December 30,
                    2012             2011 ^(1)     2012          2011 ^ (1)
                    (In millions, except per share amounts)
Revenue from
product sales and   $   129.0        $  105.0      $  244.0      $  216.4
services
Cost of product     90.3             73.1          171.6         151.8
sales and services
Gross margin        38.7             31.9          72.4          64.6
Research and
development         9.8              8.8           19.1          17.8
expenses
Selling and
administrative      23.7             25.3          46.4          49.9
expenses
Amortization of     0.1              0.7           0.2           1.4
intangible assets
Goodwill impairment —                5.6           —             5.6
charges
Restructuring       0.2              0.1           0.5           1.0
charges
Operating income    4.9              (8.6)         6.2           (11.1)
(loss)
Other expenses, net —                (0.3)         (0.6)         (0.3)
Interest income     0.2              0.1           0.5           0.3
Interest expense    (0.2)            (0.4)         (0.5)         (0.8)
Income (loss) from
continuing
operations before   4.9              (9.2)         5.6           (11.9)

 income taxes
Provision for       9.9              0.8           11.4          1.8
income taxes
Loss from
continuing          (5.0)            (10.0)        (5.8)         (13.7)
operations
Loss from
discontinued        (0.3)            (2.8)         (1.7)         (5.9)
operations, net of
tax
Net loss            $   (5.3)        $  (12.8)     $  (7.5)      $  (19.6)
Loss per common
share, basic and
diluted:
Continuing          $   (0.08)       $  (0.17)     $  (0.10)     $  (0.23)
operations
Discontinued        $   (0.01)       $  (0.05)     $  (0.03)     $  (0.10)
operations
Net loss            $   (0.09)       $  (0.22)     $  (0.13)     $  (0.33)
Weighted average
shares outstanding, 60.0             59.0          59.7          58.9
basic and diluted
____________________________________________________
(1) Certain prior year period amounts are reclassified to conform to current
period presentation.





Table 2
AVIAT NETWORKS, INC.
Fiscal Year 2013 Second Quarter Summary
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
                                              December28, 2012  June 29, 2012
                                              (In millions)
Assets
Cash and cash equivalents                     $    94.8          $   96.0
Receivables, net                              99.1               90.7
Unbilled costs                                16.8               25.9
Inventories                                   56.4               56.8
Customer service inventories                  17.5               18.5
Other current assets                          17.2               16.7
Property, plant and equipment, net            22.7               21.7
Identifiable intangible assets, net           1.3                1.8
Other assets                                  1.3                1.5
                                              $    327.1         $   329.6
Liabilities and Stockholders' Equity
Current portion of long-term debt             $    4.1           $   4.1
Accounts payable                              42.4               51.6
Accrued expenses and other current            100.7              99.7
liabilities
Long-term debt                                6.7                8.8
Reserve for uncertain tax positions
                                              19.0               7.9
 and other long-term liabilities
Stockholders' equity                          154.2              157.5
                                              $    327.1         $   329.6





Table 3
AVIAT NETWORKS, INC.
Fiscal Year 2013 Second Quarter Summary
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
                                          Two Quarters Ended
                                          December28, 2012  December 30, 2011
                                          (In millions)
Operating Activities
Net loss                                  $    (7.5)         $    (19.6)
Adjustments to reconcile net loss to net
cash used in operating activities:
Amortization of identifiable intangible   0.5                1.7
assets
Depreciation and amortization of          2.9                2.1
property, plant and equipment
Goodwill impairment charges               —                  5.6
Bad debt expenses                         2.0                1.9
Share-based compensation expense          3.3                2.3
Deferred income tax expense               11.4               —
Charges for inventory write-downs         1.6                2.6
Loss on disposition of the WiMAX business —                  2.0
Changes in operating assets and
liabilities:
Receivables                               (10.3)             17.4
Unbilled costs                            9.1                (1.0)
Inventories                               (0.8)              7.2
Customer service inventories              0.6                0.3
Accounts payable                          (9.6)              (28.0)
Accrued expenses                          (8.4)              1.8
Advance payments and unearned income      11.4               (8.7)
Income taxes payable or receivable        (1.2)              1.1
Other assets and liabilities              (1.5)              3.8
Net cash provided by (used in) operating  3.5                (7.5)
activities
Investing Activities
Cash disbursed related to sale of WiMAX   —                  (1.2)
business, net
Additions of property, plant and          (3.6)              (3.4)
equipment
Net cash used in investing activities     (3.6)              (4.6)
Financing Activities
Payments on long-term debt                (2.1)              —
Proceeds from share-based compensation    0.1                —
awards
Net cash used in financing activities     (2.0)              —
Effect of exchange rate changes on cash   0.9                (1.8)
and cash equivalents
Net Decrease in Cash and Cash Equivalents (1.2)              (13.9)
Cash and Cash Equivalents, Beginning of   96.0               98.2
Period
Cash and Cash Equivalents, End of Period  $    94.8          $    84.3



AVIAT NETWORKS, INC.

Quarter Ended December28, 2012 Summaries

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

To supplement the consolidated financial statements presented in accordance
with accounting principles generally accepted in the United States ("GAAP"),
we provide additional measures of gross margin, research and development
expenses, selling and administrative expenses, operating income or loss, other
income or loss, income tax provision or benefit, income or loss from
continuing operations, basic and diluted income or loss per share from
continuing operations, and adjusted earnings before interest, tax,
depreciation and amortization ("Adjusted EBITDA"), adjusted to exclude certain
costs, charges, gains and losses, as set forth below. We believe that these
non-GAAP financial measures, when considered together with the GAAP financial
measures provide information that is useful to investors in understanding
period-over-period operating results separate and apart from items that may,
or could, have a disproportionate positive or negative impact on results in
any particular period. We also believe these non-GAAP measures enhance the
ability of investors to analyze trends in our business and to understand our
performance. In addition, we may utilize non-GAAP financial measures as a
guide in our forecasting, budgeting and long-term planning process and to
measure operating performance for some management compensation purposes. Any
analysis of non-GAAP financial measures should be used only in conjunction
with results presented in accordance with GAAP. Reconciliations of these
non-GAAP financial measures with the most directly comparable financial
measures calculated in accordance with GAAP follow.



Table 4
AVIAT NETWORKS, INC.
Fiscal Year 2013 Second Quarter Summary
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (1)
Condensed Consolidated Statements of Operations
(Unaudited)
                Quarter Ended                           Two Quarters
                                                        Ended
                December   % of     December   % of     December   % of     December   % of
                28, 2012            30, 2011            28, 2012            30, 2011
                (1)        Revenue  (1)        Revenue  (1)        Revenue  (1)        Revenue
                (In millions, except percentages and per share amounts)
GAAP gross      $ 38.7     30.0  %  $ 31.9     30.4  %  $ 72.4     29.7  %  $ 64.6     29.9  %
margin
Share-based     0.1                 0.2                 0.2                 0.3
compensation
Write-off of
deferred        —                   0.9                 —                   1.0
inventory and
E&O costs
Amortization
of purchased    0.2                 0.1                 0.4                 0.3
technology
Non-GAAP gross  39.0       30.2  %  33.1       31.5  %  73.0       29.9  %  66.2       30.6  %
margin
GAAP research
and             $ 9.8      7.6   %  $ 8.8      8.4   %  $ 19.1     7.8   %  $ 17.8     8.2   %
development
expenses
Share-based     (0.5)               (0.3)               (0.8)               (0.5)
compensation
Non-GAAP
research and    9.3        7.2   %  8.5        8.1   %  18.3       7.5   %  17.3       8.0   %
development
expenses
GAAP selling
and             $ 23.7     18.4  %  $ 25.3     24.1  %  $ 46.4     19.0  %  $ 49.9     23.1  %
administrative
expenses
Share-based     (1.2)               (0.9)               (2.3)               (1.5)
compensation
Other
nonrecurring    —                   (0.4)               —                   (0.4)
charges
Non-GAAP
selling and     22.5       17.4  %  24.0       22.9  %  44.1       18.1  %  48.0       22.2  %
administrative
expenses
GAAP operating  $ 4.9      3.8   %  $ (8.6)    (8.2) %  $ 6.2      2.5   %  $ (11.1)   (5.1) %
income (loss)
Share-based     1.8                 1.4                 3.3                 2.3
compensation
Write-off of
excess and      —                   0.9                 —                   1.0
obsolete
inventories
Amortization
of purchased    0.2                 0.1                 0.4                 0.3
technology
Other
nonrecurring    —                   0.4                 —                   0.4
charges
Amortization
of intangible   0.1                 0.7                 0.2                 1.4
assets
Goodwill
impairment      —                   5.6                 —                   5.6
charges
Restructuring   0.2                 0.1                 0.5                 1.0
charges
Non-GAAP
operating       7.2        5.6   %  0.6        0.6   %  10.6       4.3   %  0.9        0.4   %
income
GAAP other      $ —        —        $ (0.6)    (0.6) %  $ (0.6)    (0.2) %  $ (0.8)    (0.4) %
expense, net
Transactional
taxes           —                   0.3                 0.6                 0.3
assessments
Non-GAAP other  —          —        (0.3)      (0.3) %  —          —        (0.5)      (0.2) %
expense, net
GAAP income     $ 9.9      7.7   %  $ 0.8      0.8   %  $ 11.4     4.7   %  $ 1.8      0.8   %
tax provision
Adjustment to
reflect pro     (9.2)               (0.8)               (10.1)              (1.8)
forma tax rate
Non-GAAP
income tax      0.7        0.5   %  —          —        1.3        0.5   %  —          —
provision
GAAP loss from
continuing      $ (5.0)    (3.9) %  $ (10.0)   (9.5) %  $ (5.8)    (2.4) %  $ (13.7)   (6.3) %
operations
Share-based     1.8                 1.4                 3.3                 2.3
compensation
Write-off of
excess and      —                   0.9                 —                   1.0
obsolete
inventories
Amortization
of purchased    0.2                 0.1                 0.4                 0.3
technology
Other
nonrecurring    —                   0.4                 —                   0.4
charges
Amortization
of intangible   0.1                 0.7                 0.2                 1.4
assets
Goodwill
impairment      —                   5.6                 —                   5.6
charges
Restructuring   0.2                 0.1                 0.5                 1.0
charges
Transactional
taxes           —                   0.3                 0.6                 0.3
assessments
Adjustment to
reflect pro     9.2                 0.8                 10.1                1.8
forma tax rate
Non-GAAP
income from     $ 6.5      5.0   %  $ 0.3      0.3   %  $ 9.3      3.8   %  $ 0.4      0.2   %
continuing
operations
Income (loss) per share from continuing operations
Basic:
GAAP            $ (0.08)            $ (0.17)            $ (0.10)            $ (0.23)
Non-GAAP        $ 0.11              $ —                 $ 0.15              $ 0.01
Diluted:
GAAP            $ (0.08)            $ (0.17)            $ (0.10)            $ (0.23)
Non-GAAP        $ 0.11              $ —                 $ 0.15              $ 0.01
Shares used in computing income (loss) per share from continuing operations
Basic:
GAAP            60.0                59.0                59.7                58.9
Non-GAAP        61.2                61.1                61.2                60.7
Diluted:
GAAP            60.0                59.0                59.7                58.9
Non-GAAP        61.5                61.1                61.4                60.7
                Quarter Ended                           Two Quarters
                                                        Ended
ADJUSTED        December   % of     December   % of     December   % of     December   % of
EBITA:          28, 2012            30, 2011            28, 2012            30, 2011
                (1)        Revenue  (1)        Revenue  (1)        Revenue  (1)        Revenue
                (In millions, except percentages)
GAAP loss from
continuing      $ (5.0)    (3.9) %  $ (10.0)   (9.5) %  $ (5.8)    (2.4) %  $ (13.7)   (6.3) %
operations
Depreciation
and
amortization    1.3                 0.8                 2.9                 2.1
of property,
plant and
equipment
Interest        0.2                 0.4                 0.5                 0.8
expense
Share-based     1.8                 1.4                 3.3                 2.3
compensation
Write-off of
excess and      —                   0.9                 —                   1.0
obsolete
inventories
Amortization
of purchased    0.2                 0.1                 0.4                 0.3
technology
Other
nonrecurring    —                   0.4                 —                   0.4
charges
Amortization
of intangible   0.1                 0.7                 0.2                 1.4
assets
Goodwill
impairment      —                   5.6                 —                   5.6
charges
Restructuring   0.2                 0.1                 0.5                 1.0
charges
Transactional
tax             —                   0.3                 0.6                 0.3
assessments
Adjustment to
reflect pro     9.9                 0.8                 11.4                1.8
forma tax rate
Adjusted        $ 8.7      6.7   %  $ 1.5      1.4   %  $ 14.0     5.7   %  $ 3.3      1.5   %
EBITDA
_____________________________________________________
(1) The adjustments above reconcile our GAAP financial results to the non-GAAP financial
measures used by us. Our non-GAAP income or loss from continuing operations excluded
share-based compensation, write-off of excess and obsolete inventory, amortization of
purchased technology, amortization of intangible assets, goodwill impairment charges,
restructuring charges, transactional tax assessments, and adjustment to reflect pro forma tax
rate. Adjusted EBITDA was determined by excluding depreciation and amortization on property,
plant and equipment, interest expense, provision for income taxes, and non-GAAP pre-tax
adjustments, as set forth above, from the GAAP income from continuing operations. We believe
that the presentation of these non-GAAP items provides meaningful supplemental information to
investors, when viewed in conjunction with, and not in lieu of, our GAAP results. However, the
non-GAAP financial measures have not been prepared under a comprehensive set of accounting
rules or principles. Non-GAAP information should not be considered in isolation from, or as a
substitute for, information prepared in accordance with GAAP. Moreover, there are material
limitations associated with the use of non-GAAP financial measures.





Table 5
AVIAT NETWORKS, INC.
Fiscal Year 2013 Second Quarter Summary
SUPPLEMENTAL SCHEDULE OF REVENUE BY GEOGRAPHICAL AREA
(Unaudited)
                       Quarter Ended               Two Quarters Ended
                       December28,  December30,  December28,  December30,
                       2012          2011          2012          2011
                       (in millions)
North America          $   41.4      $   44.2      $   80.1      $   81.2
International:
Africa and Middle      63.9          24.0          112.9         66.7
East
Europe and Russia      9.2           15.8          21.6          28.2
Latin America and      14.5          21.0          29.4          40.3
Asia Pacific
                       87.6          60.8          163.9         135.2
Total Revenue          $   129.0     $   105.0     $   244.0     $   216.4



SOURCE Aviat Networks, Inc.

Website: http://www.aviatnetworks.com
Contact: Media Contact: Ned Hayes, Aviat Networks, Inc., +1-408-567-7120,
Ned.Hayes@aviatnet.com; Investor Relations: Peter Salkowski, Aviat Networks,
Inc., +1-408-567-7117, Investorinfo@aviatnet.com