Atul Bhatnagar: Yes, Simon, let me give a little extra color on that. So, first of all, you are right. PMP has turned the corner, and we feel pretty good about sequential growth in Q3 and Q4, as well as year-over-year growth in second half based on the numbers and based on the funnel. But let me give you a little more color on that. ePMP 4600, which has first mover advantage in the industry with 6 GHz is being very well received. We have 25 POCs right now. And remember, that is even before FCC has accepted, it just fantastic performance, price performance. So people are very much waiting for FCC to approve and then you will see a good pent-up demand. Canopy 5, which is our upcoming 450 compatible, backwards compatible PMP product, which customers in the field and remember, there are thousands of networks worldwide with PMP 450 and Canopy 5 or 450V we call it, PMP 450v that also supports 6 GHz band and it also is designed to really go into the installed base that will come in Q4.
And we’ll start beta trials in Q3. And 28 GHz had a record quarter in Q2. Remember, we always said while 6 GHz, 5 GHz might have thousands of networks, 28 GHz will have hundreds of networks, but those hundreds of networks will be far bigger in revenue. And we are seeing that, we have many multimillion dollar deals. There are 10, 28 GHz customers which are in commercial deployment, and there are another about 14 which are in POCs. So that kind of gives you a flavor that 28 Gigahertz is moving along and really becoming particularly in EMEA, CALA, Asia is becoming a very key bedrock of high performance broadband.
Simon Leopold: Thanks for taking the questions.
Andrew Bronstein: Yes, and that’s part of what really gives us confidence, Simon in terms of Q3, you look at Q2, we did have as we had predicted sequential growth in the PMP business and it was actually a little bit stronger than what we had predicted. And then the 28 GHz deals that we’re working on right now, these are some significant deals that you’re going to hear more about as we continue through the third quarter.
Simon Leopold: Thank you.
Andrew Bronstein: Amber, are we taking the next question?
Operator: One moment for our next question. Our next question comes from Scott Searle at ROTH MKM. Please go ahead.
Scott Searle: Hey guys, just a quick clarification. Want to follow-up on Simon’s question related to Enterprise and Wi-Fi. From a competitive standpoint, are you losing anything here then, in a normalized environment where competitors have availability to component supply that you were able to capitalize on previously? Could you also quantify for us what the level of channel inventory is in weeks, if you have some idea as to what that looks like? And where does Wi-Fi 7 fit into the picture as we’re going forward into 2024? And then I had a follow-up.
Atul Bhatnagar: Scott, let me give my answer, and I’ll let Andrew add extra color. So in terms of, remember, we took a lot of market share over the last probably two years from competition. And main reason was very good price performance of Cambium products, particularly in hospitality and multi-dwelling unit market. As the supply became available or abundant to everyone, some of our competition went a lot more aggressive with pricing. And we did lose some deals. It’s not that we won everything, we did lose, but another key factor, which was probably a bigger factor is the markets we serve particularly EMEA, the economic impact there, the macroeconomic impact there is far more severe than we sometimes realize in North America.
