Ribbon Q4 revenue $234M, GAAP EPS $0.12; IP Routing sales up 34% YoY

Ribbon Communications Inc.

2022-FY EPS reported -$0.63 revenue$233,639,000

Q4 GAAP net income $20M ($0.12 diluted EPS) vs. net loss of $96M ($0.65 loss) a year ago.
Non-GAAP Q4 EPS $0.09; adjusted EBITDA $29M, up 11% YoY and 25% sequentially.
FY2022 revenue $820M, GAAP net loss $98M; non-GAAP net income $17M ($0.11 EPS).
IP Optical segment sales up 17% YoY; IP Routing grew 34% YoY with new customer wins.
CEO: Q4 was best quarter of the year; product and service bookings exceeded sales.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ribbon Communications Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 15, 2023, Ribbon Communications Inc. (the "Company") issued a press release reporting financial information for the quarter and year ended December 31, 2022, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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Source: SEC EDGAR

accession 0001104659-23-022382

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