Core Viewpoint - ADTRAN Holdings Inc. reported disappointing third-quarter 2024 results, with both adjusted earnings and revenues falling short of Zacks Consensus Estimates [1] Financial Performance - The company experienced a year-over-year revenue decline to $227.7 million from $272.3 million, primarily due to weak demand trends in the Network Solutions business [4] - On a GAAP basis, ADTRAN incurred a net loss of $31.2 million or 36 cents per share, an improvement from a net loss of $78.2 million or $1.00 per share in the same quarter last year [3] - Non-GAAP net loss was $6.7 million or 5 cents per share, compared to a loss of $13.9 million or 18 cents per share in the prior-year quarter, which was wider than the Zacks Consensus Estimate of 2 cents [3] Revenue Breakdown - Network Solutions revenues fell to $181.5 million from $228.6 million year-over-year, impacted by macroeconomic challenges and inventory adjustments [5] - Services and Support revenues increased to $46.2 million from $43.8 million in the prior-year quarter [5] Operational Metrics - Gross margin on a GAAP basis improved to 37.4% from 27.3% in the year-ago quarter [6] - Operating loss decreased to $24 million from $89.3 million in the previous year [6] Cash Flow and Liquidity - In the first nine months of 2024, ADTRAN generated $98.5 million in cash from operating activities, compared to a cash utilization of $29.3 million in the prior-year period [7] - As of September 30, 2024, the company had $88.5 million in cash and cash equivalents [7] Future Outlook - For the fourth quarter of 2024, management expects net sales to be in the range of $230-$245 million, with non-GAAP operating margin projected between 0% and 4% [8]

ADTRAN Holdings (ADTN) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -150%. A quarter ago, it was expected that this networking equipment maker would post a loss of $0.10 per share when it actually produced a loss of $0.24, delivering a surprise of -140%.Over the last four quarters, the com ...

EXHIBIT 99.1 ADTRAN Holdings, Inc. reports preliminary third quarter 2024 financial results Huntsville, Alabama, USA. — November 06, 2024 — ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) ("ADTRAN Holdings" or the "Company") today announced its preliminary unaudited financial results for the third quarter of 2024. • Revenue: $227.7 million, up sequentially and above the mid-point of guidance. • Gross margin: GAAP gross margin: 37.4%; Non-GAAP gross margin: 42.1%, a sequential increase of 134 and 17 basis ...

ADTRAN, Inc. (ADTN) has recently announced that Centre Régional Informatique et d’Applications Numériques de Normandie (“CRIANN”) has deployed ADTRAN’s FSP 3000 optical transport technology and ALM fiber monitoring platform to enhance network connectivity across research and education centers in France. ADTRAN’s Elite partner Axians played a crucial role in the installation process and will provide maintenance support in the future.The growing usage of data-intensive applications in the domain of AI (artifi ...

To plug the key shortcomings in existing Wi-Fi testing capabilities, ADTRAN, Inc. (ADTN) has collaborated with Candella Technologies to develop an integrated solution. The alliance with this network testing solutions provider has enabled ADTRAN to offer significant value to service providers and the broader Wi-Fi ecosystem, serving as a test bed for innovative developments.Digging Deep Into ADTN-Candella Tie-UpThe partnership aims to leverage ADTRAN’s SDG 8700 Series Wi-Fi 7 technology with Candela’s automa ...

ADTRAN, Inc. (ADTN) recently announced that D & P Communications will leverage the former’s state-of-the-art fiber access technology to boost its broadband capabilities. This collaborative effort aims to deliver multigigabit connectivity to a wider range of D & P Communications’ subscribers in the urban and underserved rural communities across Southern Michigan.How Will ADTN Solution Aid D & P Communications?The deployment will feature ADTRAN’s scalable fiber broadband solution, incorporating Combo PON tech ...

ADTRAN, Inc. (ADTN) recently announced that the U.K.-based telecommunication company Pulse Fibre has selected its cutting-edge 10Gbit/s XGS-PON fiber access platform to expand network connectivity across rural and urban landscapes in the country.How ADTN Solutions Will Benefit Pulse Fibre?Installing high-speed broadband infrastructure in rural areas is challenging and often unfeasible owing to a scattered population, high investment requirements, small market size and limited resources. However, ADTN’s SDX ...

ADTRAN, Inc. (ADTN) is actively focusing on fiber optic technology products to support high-speed network access solutions for use across Internet protocol (IP), asynchronous transfer mode (ATM) and time division multiplexed (TDM) architectures in both wireline and wireless network applications.ADTRAN expects solid traction in domestic markets for ultra-broadband and fiber-to-the-home solutions along with software-defined (SD) access and ethernet passive optical network (EPON) solutions. Its global leadersh ...

ADTRAN, Inc. (ADTN) recently secured a contract for an undisclosed amount to help modernize the fiber optic network of 1&1 Versatel. Per the deal, ADTRAN FSP 3000 open optical transport technology will be utilized by one of Germany's largest fiber-optic networks to provide comprehensive and tailored telecommunication solutions to users.The multi-million-euro investment will also witness the deployment of ADTRAN’s ALM fiber monitoring solution that offers real-time network assurance for swift and proactive m ...

ADTRAN, Inc. (ADTN) recently announced plans to showcase its Coherent 100ZR QSFP28 pluggable module and state-of-the-art FSP 3000 open optical line system (OLS) at the European Conference on Optical Communication. Given the vast number of links to be upgraded and the cost points of the optical edge, operators need a cost-efficient solution that can be easily deployed without significant changes to existing infrastructure. The standards-compliant design of the coherent 100ZR is expected to facilitate multi-v ...