ADTRAN finalizes FY2023 results with net loss of $259M; balance sheet reclassifications

ADTRAN Holdings, Inc.

FY2023 revenue $1.149B, net loss $259.3M ($3.41 diluted EPS); Q4 revenue $225.5M, net loss $107.0M ($1.40 EPS).
Balance sheet adjustments: additional paid-in capital revised to $795.3M (from $774.6M); AOCI to $47.5M (from $68.2M); no income impact.
Cash flow reclassification: accounts receivable increased $7.3M to $65.6M; proceeds from beneficial interest decreased $7.3M to $1.2M.
Restated non-GAAP net loss and loss per share for Q1-Q3 2023 due to restated GAAP financials; other non-GAAP measures unaffected.

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