secwatch.observer — SEC 8-K summary
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Issuer:     Ribbon Communications Inc. (RBBN)
CIK:        0001708055
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001104659-24-050937
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ribbon Communications Q1 revenue $180M, loss narrows; Verizon multi-year deal
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- Revenue $180M vs $186M YoY; GAAP net loss $30M vs $38M; EPS ($0.18) vs ($0.23).
- Non-GAAP Adj EBITDA $12M vs ($2M); GAAP and Non-GAAP gross margin improved >700 bps YoY.
- Selected by Verizon for multi-year Advanced Voice Network Platform modernization.
- IP Optical Networks up 9% YoY for 7th consecutive quarter; EMEA sales up 24% YoY.
- Cloud & Edge segment expects return to growth with US Tier 1 spending recovery and new Federal projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708055/000110465924050937/0001104659-24-050937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708055/000110465924050937/tm2412518d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050937

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