CommScope Q1 revenue down 30% YoY to $1.17B; GAAP loss $262M

Vistance Networks, Inc.

2024-Q1 EPS reported -$1.77 revenue$1,168,400,000

Net sales $1,168.4M, down 29.8% vs. $1,664.4M in Q1 2023.
GAAP loss from continuing ops $(262.1)M vs. income $29.8M; diluted EPS $(1.31).
Non-GAAP adjusted EBITDA $153.0M, down 51.2% from $313.7M.
Operating cash flow $(177.7)M; adjusted free cash flow $(154.1)M.
Non-GAAP adjusted net loss per diluted share $(0.08) vs. income $0.34.

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 financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

On May 9, 2024, CommScope Holding Company, Inc. (the “Company” or “CommScope”) issued a press release relating to its financial results for the first quarter of 2024. A copy of the press release, which is incorporated by reference herein, is attached hereto as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000950170-24-056224

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