Ribbon Communications Q4 revenue $226M; full-year adjusted EBITDA up 41% to $91M

Ribbon Communications Inc.

2023-FY EPS reported -$0.39 revenue$226,401,000

Q4 revenue $226M (-3% YoY); full-year revenue $826M (+1% YoY).
GAAP net income Q4 $7M vs $20M; full-year GAAP net loss improved to $(66)M from $(98)M.
Non-GAAP adjusted EBITDA Q4 $43M (+48% YoY); full-year $91M (+42% YoY).
IP Optical Networks segment profitable in H2 2023; Q4 sales >$100M with 8% adjusted EBITDA margin.
CEO expects continued Enterprise and Federal growth; improving Tier One spending in H2 2024.

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 the fourth quarter and year ended December 31, 2023 results: revenue $226 million, net income $7, EPS $0.04.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $226 million
Net income: $7
EPS: $0.04
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2023 was $226 million, compared to $234 million for the fourth quarter of 2022 and $203 million for the third quarter of 2023. Revenue for full year 2023 was $826 million, compared to $820 million for full year 2022.

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Source: SEC EDGAR

accession 0001104659-24-023610

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