secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001104659-23-084292
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923084292/0001104659-23-084292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923084292/tm2322089d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-084292

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