Ribbon Communications Q4 revenue $231M, GAAP net loss $96M; announces $20M restructuring

Ribbon Communications Inc.

2021-FY EPS reported -$1.20 revenue$230,577,000

Q4 2021 revenue $231M (down 5% YoY); GAAP diluted EPS $(0.65) vs $0.81; full year revenue $845M flat YoY.
Non-GAAP adjusted EBITDA $26M in Q4 (down from $49M); full year $120M vs $131M in 2020.
IP Optical Networks North America revenue up 164% YoY; Cloud & Edge Enterprise sales doubled sequentially and YoY.
Board approved $20M pre-tax restructuring plan ($6M severance, $14M facilities), mostly cash, substantially completed in 2022.
Management guides for 10%+ IP Optical revenue growth in 2022; Q1 impacted by supply chain and Ukraine/Russia risks.

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