secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001104659-23-111433
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923111433/0001104659-23-111433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465923111433/tm2329106d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-111433

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