ADTN
ADTRAN Holdings Inc
ADTRAN Holdings Inc
$ADTN reports mixed results for Q1 2023 with slowing sales in Subscriber Solutions, but strong growth potential in fiber network deployment business. Investors urged to evaluate non-GAAP financial measures.
ADTRAN Holdings, Inc. reported Q1 2023 revenue of $323.9 million, down YoY due to slowing sales in Subscriber Solutions category. However, the company anticipates capitalizing on the high demand for upgrading and deploying fiber networks. Non-GAAP net (loss) income and non-GAAP diluted (loss) earnings per share exclude several expenses. A cash dividend was declared for Q1 2023, and the company will host a conference call on May 9, 2023. The Subscriber Solutions category requires close monitoring, while the fiber network deployment business presents long-term growth potential. Investors should evaluate non-GAAP financial measures carefully.
19d ago
$ADTNADTRAN Holdings Inc
$ADTN reports preliminary Q1 revenue of $322-$326 million, below guidance due to supply constraints, delays in clearing backlog. Fibre upgrade offers long term growth catalyst.
ADTRAN Holdings announced preliminary revenue for Q1 unadjusted at $322M-$326M, down from prior guidance of $355M-$375M as supply constraints prevented the company from meeting customer demand. The Subscriber Solutions Product line saw an oversupply condition and faced inventory stocking concerns, while delays persisted in clearing backlog items due to shortages that affected all product categories. However, the company's growth prospects in the long term remain secure, given the demand for upgrading to fiber by carriers. Investors should remain cautious and await the final Q1 results due in May.
1mo ago
$ADTN