Airspan Networks Holdings Inc.

Accordingly, while the company is seeking waivers from compliance with the applicable covenants in connection with such breaches, the company is also pursuing alternative sources of capital so that it will be able to satisfy its prospective minimum liquidity obligations. As a result, the company has classified its debt as current on the balance sheet. Looking forward, we expect Q4 22 revenue of approximately $49 to $57 million. representing an increase of between 19% and 38% over the third quarter 22, with gross margin between 42% and 46%. These views may be impacted by, among other things, component availability, related expenses, and challenges from COVID-19 restrictions in Asia. With that, Eric, Glenn, and I will open it up to your questions. Operator, please prompt for questions.

Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star 1 on a telephone keypad. A confirmation tone will indicate your time is in the question queue. You may press star 2 if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment please while we poll for questions. Our first question is from the line of Ben Harwood from New Street Research. Please state your question.

Thanks for taking the questions. I just have a couple on your partnership. So first on your partnership with Rakuten and Symphony, are you seeing that accelerate and increase confidence in Open RAN among your telco customers? and have you won deals based upon being on the platform? And then secondly, how are your partnerships with hyperscalers and large enterprise networking partners progressing? Where are you seeing wins in these partnerships? Is it mainly with telcos or is it in 5G enterprise applications? What do you see that these partnerships provide you? What benefits? Thank you.