secwatch.observer — SEC 8-K summary
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Issuer:     Vistance Networks, Inc. (VISN)
CIK:        0001517228
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037553
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CommScope Q2 net sales down 16.6% YoY; GAAP net loss $100.4M; adjusted EPS $0.19
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- Net sales $1.918B, down 16.6% YoY; GAAP net loss $100.4M vs. $61M loss a year ago; GAAP EPS loss $0.55.
- Non-GAAP adjusted EBITDA $259.5M, down 13.4% YoY; adjusted diluted EPS $0.19, down 53.7% from $0.41.
- Core net sales (excl. Home segment) $1.589B, down 15.3%; core adjusted EBITDA $262.5M, down 8.5%.
- Cash flow from operations $136.8M; non-GAAP adjusted free cash flow $148.8M.
- John R. Carlson reassigned from CCO to lead CCS Enterprise Business Unit, no longer executive officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517228/000095017023037553/0000950170-23-037553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517228/000095017023037553/comm-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037553

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