DZS Inc. (DZSI) has completed the divestiture of its Asia business to DASAN Networks, Inc., marking a pivotal step in its growth strategy. With the sale, DZS is poised to focus its resources on key regions, including the Americas, Europe, the Middle East and Africa (AEMEA), and Australia/New Zealand (ANZ). The move not only streamlines its operations but also eliminates approximately $43 million of debt, significantly reducing its long-term debt to $15 million.The decision to divest aligns with DZS' long-te ...

DALLAS, April 05, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced it has completed the divesture of its Asia business to DASAN Networks, Inc. (DNI), enabling the company to focus its go-to-market strategy, technology and innovation on the Americas, Europe, Middle East and Africa (AEMEA), and Australia/New Zealand (ANZ) regions. The transaction eliminates ~$43 million of debt, reducing the total long-term debt to $15 ...

DZS Inc (DZSI) and Infinera (INFN) have collaborated to showcase the newly integrated ICE-X Coherent Pluggable Solutions at the Optical Fiber Communication Conference and Exhibition in San Diego. The integrated solution is designed for mobile xHaul and advanced symmetrical business services in a bandwidth of 25GE to 400GEThe state-of-the-art solution integrates DZS Saber’s 2200 Coherent Ethernet Switch with Infinera’s Open XR optics-enabled solution to deliver high-density aggregation, low latency services, ...

DALLAS, March 11, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and AI-driven cloud software solutions, today announced that Botswana Fibre Networks (BoFiNet), a leading wholesale provider of national and international telecommunications infrastructure in Africa and operator of the largest fibre network in the country, has deployed key solutions within the DZS Access and Subscriber Edge portfolios to deliver world-class digital connectivity and to help drive economic growth. ...

DZS Inc. (DZSI) is set to revolutionize Internet connectivity in rural Texas, particularly in the Bolivar Peninsula. Through a strategic partnership with Rural Telecommunications America (“RTA”), DZS is deploying cutting-edge technologies to deliver high-speed Internet, voice and video services to more than 6,000 residential and business customers in the region.RTA, renowned for its commitment to bridging the digital divide, selected DZS after an exhaustive evaluation process. By upgrading from fixed wirele ...

In a move to enhance broadband services in northern Ontario, Vianet, a prominent regional communications service provider, has deployed DZS Inc.'s (DZSI) Velocity V6 fiber access system. The collaboration aims to deliver lightning-fast Internet speeds to residential and business customers, positioning Vianet as a leader in the competitive market.The DZS Velocity V6 fiber access system stands out for its industry-leading performance and high density in a compact form factor. It enables Vianet to offer multi- ...

DALLAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- DZS Inc. ("DZS" or the "Company") (NASDAQ:DZSI), a global leader of access, optical and AI-driven cloud software solutions, announced today that on February 6, 2024, DZS Inc. (the "Company") received a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that Nasdaq has initiated a process that could result in the delisting of the Company's securities from ...

Financial Performance - For the three months ended March 31, 2023, net revenue increased by 17.9% to $90.8 million, compared to $77.0 million in the same period last year [126]. - Access networking infrastructure revenue rose by 9.7% to $79.5 million, driven by higher spending from major customers in Asia [129]. - Cloud software and services revenue surged by 148.0% to $11.4 million, primarily due to increased product and software sales related to the ASSIA Acquisition [128]. - The company reported a net loss of $17.1 million for Q1 2023, compared to a net loss of $3.0 million in Q1 2022, marking a 462.2% increase in losses [126]. - Total operating expenses increased by 48.6% to $45.1 million, with significant rises in research and product development (25.4%) and selling, marketing, general and administrative expenses (39.7%) [126]. Cost and Profitability - Gross profit margin decreased to 33% in Q1 2023 from 35% in Q1 2022, reflecting higher cost of revenue which increased by 21.4% [126]. - Total cost of revenue increased by 21.4% to $61.0 million for the three months ended March 31, 2023, compared to $50.2 million for the same period in 2022 [133]. - Gross profit percentage decreased to 32.8% for the three months ended March 31, 2023, down from 34.8% for the same period in 2022 [133]. - Research and product development expenses rose by 25.4% to $14.9 million for the three months ended March 31, 2023, compared to $11.8 million for the same period in 2022 [135]. - Selling, marketing, general and administrative expenses increased by 39.7% to $24.8 million for the three months ended March 31, 2023, compared to $17.7 million for the same period in 2022 [138]. Cash Flow and Working Capital - Net cash used in operating activities increased by $4.3 million to $15.0 million for the three months ended March 31, 2023, from $10.7 million for the same period in 2022 [151]. - As of March 31, 2023, the Company had $72.2 million in working capital and $28.9 million in unrestricted cash and cash equivalents [145]. - Net cash provided by financing activities totaled $6.6 million for the three months ended March 31, 2023, primarily from net drawings on the Revolving Credit Facility [153]. Debt and Obligations - As of March 31, 2023, the company's debt obligation under the Term Loan was $23.7 million, with $1.3 million scheduled for payment in the next 12 months [124]. - The company's contractual debt obligation under the Term Loan was $24.1 million as of March 31, 2023 [167]. - The company's exposure to interest rate risk is primarily from borrowings under the JPMorgan Credit Agreement, with interest rates ranging from 3.5% to 4.5% per year [166]. Geographic and Customer Concentration - The geographic revenue breakdown showed a 32.4% increase in Asia, contributing $46.8 million to total revenue [130]. - Two customers accounted for 13% of net revenue in Q1 2023, indicating reliance on a small number of large customers for revenue stability [131]. Foreign Exchange and Market Risks - The company reported a net translation loss of $2.1 million due to foreign exchange rate fluctuations for the three months ended March 31, 2023 [169]. - If the USD had appreciated or depreciated by 10% relative to KRW, JPY, EUR, and GBP, the company's operating income for Q1 2023 would have changed by approximately $3.0 million [168]. - If the USD had appreciated or depreciated by 10% relative to EUR, the company's net income for Q1 2023 would have changed by approximately $2.0 million [170]. - The company does not have material exposure to market risk with respect to investments, as they consist primarily of highly liquid investments [165]. - Market risk exposure is primarily due to fluctuations in interest rates and foreign currency exchange risks [164]. Restructuring and Strategic Investments - The Company recorded $3.5 million in restructuring and other charges related to outsourcing manufacturing to Fabrinet for the three months ended March 31, 2023 [139]. - The company anticipates continued investments in strategic research and product development to maximize potential returns [121]. - As of March 31, 2023, net receivables from customers in countries other than the United States represented 86% of total receivables [158].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32743 DZS INC. ...

DZS Inc. (NASDAQ:DZSI) Q3 2022 Earnings Conference Call November 1, 2022 5:00 PM ET Company Participants Ted Moreau - Head of Investor Relations Charles Vogt - President & Chief Executive Officer Miguel Alonso - Chief Product Officer Misty Kawecki - Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Ryan Koontz - Needham & Company Paul Essi - William K. Woodruff & Company Tim Savageaux - Northland Capital Markets Dave Kang - B. Riley Christian Schwab - Craig Hallum Operator Good day ...