earnings
confidence high
sentiment negative
materiality 0.75
Ribbon reports preliminary Q4 2021 revenue $231M, below guidance on supply chain issues
Ribbon Communications Inc.
2021-FY EPS reported
-$1.20
revenue$230,577,000
- Revenue $231M, gross margin 50%, non-GAAP gross margin 54%, operating loss $4M, adjusted EBITDA $26M.
- Supply chain issues cut sales ~$10M, causing shortfall vs guidance; costs expected through H1 2022.
- IP Optical Networks segment sales $83M (+20% QoQ); Cloud & Edge $147M with deals pushed to 2022.
- Higher component and logistics costs reduced margins ~220 bps; customer/deal mix added ~200 bps.
- Cash $106M; book-to-bill 1.13; CEO notes new carrier wins in US, Japan, Africa.