Both figures continue to be impacted by component availability, related expenses and challenges from COVID-19 restrictions in Asia.Įxcept as required by applicable securities laws, the Company does not intend to make publicly available any update or other revision to these financial projections. We anticipate third quarter 2022 revenue of $42 million to $48 million at a gross margin of 38% to 40%.
We continue to see growing demand in the core markets we serve, namely mobile networks, private networks and fixed wireless,” said Airspan President and Chief Operating Officer Glenn Laxdal. “Four of our largest customers signed new purchase orders during the quarter. However, the supply chain environment continues to impact sales and margin as seen in the near-term outlook.” “Furthermore, we are encouraged by concrete government action on the CHIPS Act, which currently allocates $1.5B for Open RAN technology development, an area of Airspan focus and differentiation. “We continue to execute our growth plan and see healthy demand for our innovative products and solutions,” said Airspan Chairman and Chief Executive Officer Eric Stonestrom. Leading Product Portfolio Drives Strong Demand Fifth year in a row Airspan has been honored by the Forum ( link).ĭemonstrated a fiber equivalent 4+ Gbps Fixed Wireless Access point to multi-point connection speed with one of Asia’s largest carriers and made substantial inroads with US Rural Digital Opportunity Fund recipients. New milestone reached with a Tier 1 US Cable MSO with a Purchase Order in second quarter 2022, and a significant deployment throughout 2022.Īirspan Networks Named Winner of Three Small Cell Forum Innovation Awards, Demonstrating Solution Scalability for Both Public and Private Networks. Signed agreement with a leading global Private Networks managed service provider. Signed Global Purchase Agreements with two additional web scale cloud providers. Strong performance in a challenging supply chain environment.Ĭontinued momentum in private network deployments:Īdded over 60 Private 4G/5G Networks in second quarter 2022 bringing the total number of Private Networks design wins to more than 300. Loss per share was 29 cents, compared to loss per share of 41 cents in first quarter 2022 and a loss per share of 17 cents in second quarter 2021 Net loss of $21.0 million, compared to a net loss of $29.7 million in first quarter 2022, and a net loss of $10.4 million for second quarter 2021Īdjusted EBITDA (non-GAAP measure) was a loss of $12.3 million compared to a loss of $18.0 million in first quarter 2022 and a loss of $5.4 million in second quarter 2021 Gross margin of 40.1% compared to 32.1% in first quarter 2022, and 45.7% in second quarter 2021 Revenue of $46.9 million, increased 25% sequentially from first quarter 2022, and increased 12% year-over-year
NAMELY INC SOFTWARE
(NYSE American: MIMO), which provides ground-breaking, disruptive software and hardware for 5G networks, and a pioneer in end-to-end Open RAN solutions, today announced results for the second quarter ended June 30, 2022. BOCA RATON, Fla.-( BUSINESS WIRE)-Airspan Networks Holdings Inc.
0 kommentar(er)
