Ribbon Q2 revenue flat at $211M; GAAP net income $23M vs loss; Adj EBITDA $43M up 119%

Ribbon Communications Inc.

2021-Q2 EPS reported -$0.15 revenue$211,210,000

Revenue $211M, flat YoY, up 10% sequentially; GAAP net income $23M vs loss of $8M in Q2 2020.
Non-GAAP EPS $0.17 vs $0.08; Adjusted EBITDA $43M vs $30M, up 119% sequentially.
Includes $12M non-cash gain from AVCT mark-to-market and $2.8M gain on QualiTech sale.
Cash $115M at June 30, 2021 vs $94M a year ago.
CEO cites IP Optical wins with Rogers, Singtel; India sales impacted by Covid surge.

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