Adtran Q4 prelim: GAAP net loss $109.9M, non-GAAP EPS -$1.09

ADTRAN Holdings, Inc.

2023-FY EPS reported -$3.41 revenue$1,149,100,000

Preliminary Q4 revenue $225.5M; non-GAAP operating margin -1.4% (upper end of -7% to 0% guidance).
GAAP gross margin 34.8% (+483 bps YoY); non-GAAP gross margin 41.9% (+277 bps YoY).
GAAP operating expenses down 7.6% sequentially; non-GAAP operating expenses down 15.1% sequentially.
Preliminary diluted loss per share: GAAP -$1.40, non-GAAP -$1.09; inventory write-off $3.3M vs $21M in Q3.
Management cites macro headwinds and elevated customer inventories; sees unchanged fiber demand landscape.

item 2.02 item 7.01 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

ADTRAN Holdings, Inc. reported the fourth quarter of 2023 results: revenue $225.5 million.

Period: the fourth quarter of 2023
Revenue: $225.5 million
Result: preliminary results

Exact text from the filing

ADTRAN Holdings, Inc. reports preliminary fourth quarter 2023 financial results • Preliminary Q4 revenue at $225.5 million and at mid-point of guidance

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-020613

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.