secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001104659-22-024259
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922024259/0001104659-22-024259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922024259/tm226940d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-024259

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