secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001104659-23-050347
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923050347/0001104659-23-050347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923050347/tm2313778d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-050347

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer