Ribbon Communications Q1 revenue up 7% YoY to $186M; net loss narrows to $38M

Ribbon Communications Inc.

2023-Q1 EPS reported -$0.23 revenue$186,159,000

Revenue $186M, up 7% YoY from $173M; GAAP net loss $38M vs $70M loss a year ago.
Non-GAAP net loss $3M vs $12M; Non-GAAP adjusted EBITDA -$2M vs -$9M.
IP Optical Networks sales up 13% YoY; Cloud & Edge Enterprise sales up 62%.
Bookings in IP Optical Networks segment were 1.6x, driven by demand in India and EMEA.
CEO maintains positive 2023 outlook; guidance reaffirmed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ribbon Communications Inc. reported the first quarter of 2023 results: revenue $186 million, net income $(38), EPS $(0.23). Guidance reaffirmed.

Period: the first quarter of 2023
Revenue: $186 million
Net income: $(38)
EPS: $(0.23)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2023 was $186 million, compared to $173 million for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001104659-23-050347

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