Ribbon Q3 revenue $207M; IP Optical revenue up 20%, GAAP EPS -$0.12

Ribbon Communications Inc.

2022-Q3 EPS reported -$0.78 revenue$207,127,000

Revenue $207M, flat YoY ($210M); IP Optical Networks revenue up 20% with bookings-to-revenue ratio of 1.45x.
GAAP net loss $18M ($0.12/sh) compared to loss $59M ($0.40/sh) in Q3 2021; non-GAAP net income $4M ($0.02/sh).
Adjusted EBITDA $23M, down from $32M in prior year; Q4 guidance cautious due to macro headwinds.
Major 5G Cell Site Router win in India validates IP Routing strategy; backlog entering Q4 increased.

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