| --- | --- | --- | --- | --- | --- | --- | |-----------------------------|-------|---------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | Q3 2022 Earnings Presentation Nasdaq (DZSI) | | | | | | Period ended September 2022 | | | | | | | | November 1, 2022 | | | | | | | Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Sec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value DZSI The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 000-327 ...

DZS, Inc. (OTC:DZSI) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Ted Moreau - VP, IR Charles Vogt - President, CEO & Director Misty Kawecki - CFO Conference Call Participants Paul Essi - William K. Woodruff Dave Kang - B. Riley Securities Tore Svanberg - Stifel Christian Schwab - Craig-Hallum Tim Savageaux - Northland Capital Markets Ryan Koontz - Needham & Company Operator Good day, and thank you for standing by. Welcome to the DZS Second Quarter 2022 Earnings Conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value DZSI The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 000-32743 (C ...

DZS, Inc. (OTC:DZSI) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Ted Moreau - VP, IR Charles Vogt - President, CEO & Director Misty Kawecki - CFO Conference Call Participants Paul Essi - William K. Woodruff Jeremy Loiacono - Stifel Ryan Koontz - Needham & Company Dave Kang - B. Riley Securities Christian Schwab - Craig-Hallum Capital Group Timothy Savageaux - Northland Capital Markets Operator Good morning, and welcome to the DZS First Quarter 2022 Earnings Conference Call. ...

Financial Performance - Net revenue for the three months ended March 31, 2022, was $77.0 million, a decrease of 4.9% from $81.0 million in the same period in 2021[74]. - Product revenue decreased by 5.0% or $3.8 million to $72.4 million from $76.2 million year-over-year, primarily due to supply chain disruptions and lower spending from major customers in Asia[77]. - Total cost of revenue decreased by 5.1% to $50.2 million for the three months ended March 31, 2022, compared to $52.9 million in the same period in 2021[79]. - Gross profit percentage increased to 34.8% for the three months ended March 31, 2022, from 34.7% in the same period in 2021[79]. - Net loss for the three months ended March 31, 2022, was $3.0 million, an improvement of 86.9% from a net loss of $23.2 million in the same period in 2021[74]. Expenses - Research and product development expenses increased by 6.5% to $11.8 million for the three months ended March 31, 2022, compared to $11.2 million in the same period in 2021[80]. - Operating expenses decreased by 40.8% to $30.3 million for the three months ended March 31, 2022, compared to $51.2 million in the same period in 2021[74]. - Selling, marketing, general and administrative expenses decreased by 44.2% to $17.7 million for the three months ended March 31, 2022, compared to $31.8 million for the same period in 2021[81]. - Restructuring and other charges for the three months ended March 31, 2022 were approximately $0.4 million, down from $6.3 million in the same period of 2021[81]. Cash Flow and Liquidity - Net cash used in operating activities increased by $3.8 million to $10.7 million for the three months ended March 31, 2022, compared to $6.9 million for the same period in 2021[90]. - Net cash used in investing activities decreased by $4.2 million to $1.3 million for the three months ended March 31, 2022, from $5.5 million in the same period of 2021[91]. - As of March 31, 2022, the company had working capital of $121.8 million and $34.2 million in unrestricted cash and cash equivalents[89]. - The company anticipates that current cash and cash equivalents will be sufficient to meet cash requirements for at least the next 12 months[89]. - As of March 31, 2022, the company had unrestricted cash and cash equivalents of $34.2 million, down from $46.7 million at December 31, 2021[102]. - The company has no outstanding amounts under its revolving credit facility as of March 31, 2022[102]. Customer Concentration and Revenue by Region - Two customers accounted for 13% and 12% of net revenue for the three months ended March 31, 2022, compared to 18% and 10% in the same period in 2021[77]. - The Americas region saw a revenue increase of 14.4% to $23.1 million for the three months ended March 31, 2022, compared to $20.2 million in the same period in 2021[77]. - Revenue in Asia decreased by 17.7% to $35.3 million for the three months ended March 31, 2022, compared to $42.9 million in the same period in 2021[77]. Foreign Exchange Impact - A 10% appreciation or depreciation of the U.S. Dollar relative to KRW, JPY, and EUR would have resulted in an approximate $0.5 million change in operating income for the first three months of 2022[103]. - The net translation loss due to foreign exchange rate fluctuations for the three months ended March 31, 2022, was $0.3 million, impacting stockholders' equity[103]. - A 10% change in the U.S. Dollar relative to KRW, JPY, and EUR would have affected the company's net assets by approximately $2.5 million as of March 31, 2022[103]. - The company recognized approximately $0.5 million of expense related to intercompany loans denominated in foreign currencies during the three months ended March 31, 2022[103]. - A 10% change in the U.S. Dollar relative to EUR would have resulted in a potential $2.0 million change in net income for the first three months of 2022[103]. Taxation - The company recorded an income tax benefit of $1.3 million on a pre-tax loss of $4.4 million for the three months ended March 31, 2022[81]. Credit Agreement - The company entered into a Credit Agreement on February 9, 2022, providing for revolving loans of up to $30 million, with no amount outstanding as of March 31, 2022[94][96].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (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, 2021 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. (Exact name of registrant as specified in its charter) Delaware 22-3509099 (State or other jurisdiction of incorporat ...

DZS Inc. (OTC:DZSI) Q4 2021 Earnings Conference Call February 11, 2022 10:00 AM ET Company Participants Ted Moreau - VP of IR Charlie Vogt - President and CEO Misty Kawecki - CFO Conference Call Participants Ryan Koontz - Needham & Company Christian Schwab - Craig-Hallum Dave King - B. Riley FBR Tim Savageaux - Northland Capital Operator Good day and thank you for standing by. Welcome to the DZS Fourth Quarter 2021 Earnings Conference Call. At this time all participants are in listen-only mode. After the sp ...

DZS Inc. (OTC:DZSI) Q3 2021 Earnings Conference Call November 2, 2021 10:00 AM ET Company Participants Ted Moreau - Vice President of Investor Relations Charlie Vogt - President and Chief Executive Officer Misty Kawecki - Chief Financial Officer Conference Call Participants Ryan Koontz - Needham & Company Dave King - B. Riley Tim Savageaux - Northland Capital Christian Schwab - Craig-Hallum Operator Ladies and gentlemen, thank you for standing by. And welcome to the DZS Quarter Three 2021 Earnings Conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value DZSI The Nasdaq Stock Market LLC FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 000-327 ...