Ribbon Communications Q3 revenue $203M; Non-GAAP EBITDA up 21% YoY to $28M

Ribbon Communications Inc.

2023-Q3 EPS reported -$0.43 revenue$203,161,000

Revenue $203M, down from $207M in Q3 2022; GAAP net loss of $14M vs $18M loss last year.
Non-GAAP Adjusted EBITDA rose 21% YoY to $28M; Non-GAAP diluted EPS $0.05 vs $0.02.
IP Optical Networks sales up 6% in Q3, 14% year-to-date; Neptune IP Router entered live service with U.S. Tier One provider.
Cloud & Edge sales declined due to reduced U.S. Tier One spend, partly offset by Federal voice modernization.
Expects strong Q4 with sequential growth in both segments; IP Optical segment targeting positive Non-GAAP EBITDA.

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 0.95

Ribbon Communications Inc. reported the third quarter ended September 30, 2023 results: revenue $203 million, net income $(14), EPS $(0.08) per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $203 million
Net income: $(14)
EPS: $(0.08) per diluted share
Result: reported results

Exact text from the filing

infrastructure operators to modernize and protect their networks, today announced its financial results for the third quarter of 2023. Revenue for the third quarter of 2023 was $203 million, compared to $207 million for the third quarter of 2022 and $211 million for the second quarter of 2023. “Ribbon delivered solid earnings in the third quarter as GAAP Income from

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Source: SEC EDGAR

accession 0001104659-23-111433

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