CommScope reports Q3 2023: net sales down 32.8% YoY, GAAP net loss $828.7M

Vistance Networks, Inc.

2023-Q3 EPS reported -$4.62 revenue$5,519,400,000

Net sales $1.60B, down 32.8% YoY; core net sales $1.35B, down 32.2%.
GAAP net loss $828.7M, including $895.1M asset impairments; GAAP EPS loss $(3.98).
Non-GAAP adjusted EBITDA $248.6M, down 28.5%; adjusted EPS $0.13, down 74%.
Cash from operations $138.8M; adjusted free cash flow $181.7M.
No forward guidance provided in the release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vistance Networks, Inc. reported the third quarter of 2023 results: revenue Net sales of $1.600 billion, net income GAAP net loss of $828.7 million, EPS GAAP net income (loss) per share (3.98 ).

Period: the third quarter of 2023
Revenue: Net sales of $1.600 billion
Net income: GAAP net loss of $828.7 million
EPS: GAAP net income (loss) per share (3.98 )
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 CommScope Reports Third Quarter 2023 Results Third Quarter Highlights • Net sales of $1.600 billion • Core net sales of $1.350 billion* • GAAP net loss of $828.7 million, including asset impairments of $895.1 million • Non-GAAP adjusted EBITDA of $248.6 million • Core adjusted

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Source: SEC EDGAR

accession 0000950170-23-061494

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