earnings
confidence high
sentiment negative
materiality 0.60
Ribbon Communications Q2 revenue $206M, GAAP net loss $30M; Non-GAAP EPS $0.06
Ribbon Communications Inc.
2022-Q2 EPS reported
-$0.67
revenue$205,796,000
- Revenue $206M, up 19% sequentially but down 2% YoY from $211M.
- GAAP net loss $30M ($0.20 diluted loss) vs net income $23M ($0.15 EPS) in Q2 2021.
- Non-GAAP net income $10M ($0.06 diluted EPS) vs $27M ($0.17) in Q2 2021.
- GAAP gross margin 51% vs 56% YoY; adjusted gross margin 55%.
- CEO notes growing pipeline and new product launches expected to drive 2023 growth.