Ribbon Communications Q2 2023 revenue $211M, GAAP net loss narrows to $21M

Ribbon Communications Inc.

2023-Q2 EPS reported -$0.35 revenue$210,618,000

Revenue $211M, up 2.4% YoY from $206M; GAAP net loss -$21M vs -$30M in Q2 2022.
Non-GAAP diluted EPS $0.04, GAAP diluted EPS -$0.13; weighted avg diluted shares 175M.
IP Optical Networks sales up 24% YoY; Cloud & Edge Enterprise sales grew 94% YoY.
Guidance maintained for full-year 2023; Adj. EBITDA expected at lower half of $95-110M range.
Adjusted EBITDA $23M in Q2 2023 vs $21M in Q2 2022; six-month total $20M vs $12M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ribbon Communications Inc. reported second quarter of 2023 results: revenue $211 million, net income $(21), EPS $(0.13). Guidance reaffirmed.

Period: second quarter of 2023
Revenue: $211 million
Net income: $(21)
EPS: $(0.13)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue for the second quarter of 2023 was $211 million

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Source: SEC EDGAR

accession 0001104659-23-084292

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