earnings
confidence high
sentiment positive
materiality 0.60
Ribbon Q2 revenue $193M, net loss narrows to $17M, Adjusted EBITDA up 65% in H1
Ribbon Communications Inc.
2024-Q2 EPS reported
-$0.27
revenue$372,284,000
- Revenue $193M (down 8.5% YoY, up from Q1 $180M); GAAP net loss $17M improved from $21M loss YoY.
- Non-GAAP EPS $0.05 vs $0.04 YoY; Adjusted EBITDA Q2 $22M, H1 $33M (+65% YoY).
- Gross margin improved 260 bps GAAP, 240 bps non-GAAP YoY.
- CEO: US Federal deal delayed to Q3; suspended shipments to Eastern Europe; FY guidance adjusted slightly lower for region.
- Strong H2 expected from Verizon program, Enterprise, Rural Broadband, Europe, India.