secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001104659-22-051178
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922051178/0001104659-22-051178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465922051178/tm2213654d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-051178

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