Ribbon Q1 revenue down 10% YoY to $173M; GAAP EPS -$0.47; North American IP Optical up 190%

Ribbon Communications Inc.

2022-Q1 EPS reported -$0.47 revenue$173,198,000

Revenue $173M down 10% YoY from $193M; GAAP net loss $70M vs $45M loss a year ago.
GAAP diluted loss per share -$0.47 vs -$0.31; non-GAAP diluted loss per share -$0.08 vs +$0.03.
North American IP Optical Networks sales up 190% YoY; total bookings-to-revenue ratio 1.20x.
Adjusted EBITDA -$9M vs +$20M in prior year; non-GAAP net loss $12M vs income $5M.
Management projects strong Q2 sequential revenue growth; announced Microsoft Cloud & Edge partnership.

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