#ASU MAIL CODE 6303 UPDATE#

The reported results for fiscal year 2019 reflect the application of ASC 606 guidance. The Company adopted ASC 606 on Apusing the modified retrospective approach to all non-completed contracts as of the date of adoption. ASC 606 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. ASC 606 is based on the principle that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (ASC 606).

#ASU MAIL CODE 6303 UPDATE#

The Company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or otherwise. Factors that could cause actual results to differ materially include, but are not limited to, product demand and market acceptance risks, customer spending patterns, need for financing and capital, economic weakness in the United States (вЂњU.S.вЂќ) economy and telecommunications market, the effect of international economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), the impact of competitive products or technologies, competitive pricing pressures, customer product selection decisions, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the ability to successfully consolidate and rationalize operations, the ability to successfully identify, acquire and integrate acquisitions, effects of the CompanyвЂ™s accounting policies, retention of key personnel and other risks more fully described in the Company's Form 10-K for the fiscal year ended MarchВ 31, 2018, under ItemВ 1A - Risk Factors. Actual results may differ materially from those expressed in or implied by such forward-looking statements. Certain statements contained herein that are not historical facts or that contain the words вЂњbelieve,вЂќ вЂњexpect,вЂќ вЂњintend,вЂќ вЂњanticipate,вЂќ вЂњestimate,вЂќ вЂњmay,вЂќ вЂњwill,вЂќ вЂњplan,вЂќ вЂњshould,вЂќ or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties.

Asu mail code 6303