secwatch.observer — SEC 8-K summary
======================================

Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0000950170-24-031864
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000095017024031864/0000950170-24-031864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000095017024031864/adtn-20240315.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-031864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer