Aviat Networks, Inc. (NASDAQ:AVNW) Q4 2023 Earnings Call Transcript

Scott Searle: Hey, Pete, just to quickly follow up on a couple of geographic questions. You talked about the cadence of network builds being led by fiber and then the evolution to wireless transmission of backhaul. Looking at DISH, they’ve gotten to the 70% POP coverage mark now it gets a little bit more difficult in terms of covering those incremental POPs. I assume that’s basically a commentary around that and the expansion going forward will have more microwave links in it. So I’m wondering if you’re seeing more on that front, kind of what your broad-based expectations are for the upcoming fiscal year? And then two, looking at Europe, it continues used to be a very small portion of the mix. They’re behind from a 5G build standpoint and wireless transmission has always been a big component of those network builds.

It always seems like you guys are kind of on the cusp of some business expanding there. I’m just wondering what your high-level thoughts are in terms of growing that as an opportunity? Or should we not be planning on some future growth and contribution coming from European arena? Thanks.

Peter Smith: Yes. Okay. So first DISH, right, to restate DISH, we met the federal deadline to cover 70% of the US population by June 30. DISH looks to be taking a breather on CapEx for the first six months of our fiscal year, and we expect the microwave rollout to really start in the January to March quarter and we feel like we’re well position. So that’s what I would say about DISH. I would say, in the Europe region, we have a couple of big projects. We see some weakness from the — one of the specialists that’s headquartered in Europe. And we think that, that will help drive double-digit growth in Europe in fiscal year ’24. So there’s a little color.

Scott Searle: Great. Thanks so much.

Peter Smith: Thanks.

Operator: Thank you. And that will conclude Q&A for today. I will now turn the call back over to Peter Smith for any closing remarks.

Peter Smith: Yes. Well, thanks to our shareholders and the investment analysts for joining the call, listening to our extended remarks on our fiscal year ’23. We think it was a great year. We look forward to providing an update on the next quarter in the next 90 days and hopefully getting to close in a short amount of time and giving an update on the NEC wireless transport transaction. Thanks. Thanks, everyone. Talk to you soon.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect. Everyone have a great day.