Financial Data and Key Metrics Changes - Revenue reached an all-time high of $221 million in Q2 2025, representing a 15% increase year over year and exceeding guidance [15][23] - Adjusted EBITDA increased by 47% year over year to $32 million, aligning with the high end of guidance [17][23] - Non-GAAP gross margin was 52.1%, slightly below guidance due to a higher mix of hardware and professional services [16][23] Business Line Data and Key Metrics Changes - Cloud and Edge business revenue grew by 24% year over year to $137 million, with adjusted EBITDA for the segment increasing by 43% [18][19] - IP Optical Networks revenue was $84 million, a 2% increase year over year, with adjusted EBITDA showing a loss of $5 million [19][20] - Sales to service providers increased by 18% year over year, while enterprise revenue rose by 7% year over year [8][19] Market Data and Key Metrics Changes - Strong demand in North America, particularly from service providers and enterprise markets, including U.S. federal agencies [6][7] - IP Optical sales in North America grew over 45% year over year, driven by critical infrastructure projects [13] - Sales in Asia Pacific, particularly India, saw over 40% growth year over year, supported by major operators investing in network modernization [12][13] Company Strategy and Development Direction - The company is in a multi-year investment period to modernize communication networks across service providers and enterprise verticals [24][25] - Focus on leveraging the entire voice and IP networking portfolio to differentiate offerings against larger competitors [24][25] - Continued innovation in cloud-native voice and edge routing solutions to capture market share [6][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a robust demand picture for the second half of the year, projecting revenue growth of 15% to 20% compared to the first half [23][30] - Anticipated strong performance in Q4, similar to previous years, due to timing of enterprise deals and service provider projects [23][30] - Potential pressure on operating expenses and gross margins due to a weakening U.S. dollar [25][26] Other Important Information - The company announced a new stock repurchase program to buy back up to $50 million of common stock [22] - Cash from operations was a usage of $1 million, with a closing cash balance of $62 million [20] - The company expects a cash tax saving of approximately $15 million to $20 million for 2025 due to recent tax legislation [21] Q&A Session Summary Question: Clarification on gross margins being below expectations - Management explained that the lower gross margins were primarily due to a shift towards more hardware in the cloud and edge segment and increased professional services [34][35] Question: Insights on revenue guidance for Q3 - Management indicated that while Q3 revenue is expected to be flat sequentially, it will still show year-over-year growth [36][38] Question: Outlook on the separation of cloud and edge businesses - Management expressed confidence in the synergy between the two business segments, highlighting successful integration in projects with Verizon [39][40] Question: Commentary on classified replacement opportunities - Management noted a correlation between fiber upgrades and modernization of voice services, emphasizing cost savings from parallel upgrades [46][47] Question: CapEx spending environment - Management acknowledged a positive outlook for CapEx due to recent tax legislation allowing for immediate expensing of R&D investments [49][50] Question: FX impact on operations - Management confirmed that the weakening U.S. dollar had a minor impact in Q2 but could pose a headwind of approximately $2 million per quarter moving forward [60][61] Question: Details on Verizon's contribution to revenue - Management confirmed that Verizon accounted for over 20% of total sales in Q2, with expectations for continued strong performance [70][71] Question: Deferred revenue trends - Management explained that the increase in deferred revenue is indicative of future revenue growth, particularly from maintenance contracts [92][94] Question: Gross margin expectations for Q3 - Management projected an increase in gross margin for Q3 due to a favorable mix of software over hardware [62][63]

Financial Performance Highlights - Ribbon Communications reported Q2 2025 revenue of $221 million, a 15% year-over-year increase[9] - The company's gross margin for Q2 2025 was 52%[9] - Adjusted EBITDA for Q2 2025 reached $32 million, representing a 47% year-over-year growth[9] - For the first half of 2025, revenue totaled $402 million, an 8% increase year-over-year[9] - First half of 2025 Adjusted EBITDA was $38 million, a 13% increase year-over-year[9] Segment Performance - Cloud & Edge segment revenue for Q2 2025 was $137 million, a 24% increase year-over-year[20] - IP Optical Networks segment revenue for Q2 2025 was $84 million, a 2% increase year-over-year[26] Key Metrics and Outlook - The company's cash position at the end of Q2 2025 was $62 million[10] - Ribbon Communications maintains a net debt leverage of 2.3x[10] - The outlook for full year 2025 revenue is projected to be between $870 million and $890 million[46] - The outlook for full year 2025 Non-GAAP Adjusted EBITDA is projected to be between $130 million and $140 million[46]

[Second Quarter 2025 Financial Results Overview](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Results%20Overview) This section provides a comprehensive overview of Ribbon Communications' financial performance and key business achievements for the second quarter of 2025 [Second Quarter 2025 Financial and Business Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Ribbon Communications achieved strong financial performance in Q2 2025, with revenue and adjusted EBITDA exceeding expectations, robust demand in service provider and enterprise markets, and announced a new stock repurchase program 2025 Second Quarter Key Financial Data (Compared to Q2 2024) | Metric | Q2 2025 | Q2 2024 | Year-over-Year Change | | :--------------------------------- | :-------- | :-------- | :----------- | | GAAP Revenue | $221M | $193M | +15% | | GAAP Operating Income (Loss) | $4M | $(2)M | N/A | | Non-GAAP Adjusted EBITDA | $32M | $22M | +47% | | GAAP Gross Margin | 49.6% | 50.8% | -1.2 pp | | Non-GAAP Gross Margin | 52.1% | 54.4% | -2.3 pp | | GAAP Net Income (Loss) | $(11)M | $(17)M | N/A | | Non-GAAP Net Income (Loss) | $10M | $9M | +11.1% | | GAAP Diluted EPS (Loss) | $(0.06) | $(0.10) | N/A | | Non-GAAP Diluted EPS (Loss) | $0.05 | $0.05 | 0% | - The company announced a **$50 million stock repurchase program**, expected to utilize future free cash flow to repurchase common stock over the next few years[2](index=2&type=chunk)[7](index=7&type=chunk) - AI-powered optical innovations were showcased at OFC, with the NPT 2714 router and Apollo ADM 400/800 optical transport products receiving Lightwave recognition[7](index=7&type=chunk) - Assisted Kerala in deploying the Kerala Fiber Optic Network (KFON), providing high-speed internet to rural areas in India[7](index=7&type=chunk) - Strong demand was observed in North American service provider and enterprise markets, with IP Optical business performing well in India and North America[2](index=2&type=chunk) [Business Outlook (Q3 2025 and Full Year)](index=2&type=section&id=Business%20Outlook) The company projects Q3 2025 revenue between $213 million and $227 million, with specific guidance for non-GAAP gross margin and adjusted EBITDA, while the full-year outlook remains unchanged 2025 Third Quarter Financial Forecast | Metric | Forecast Range | Midpoint | | :------------------ | :------------------ | :-------- | | Revenue | $213M - $227M | $220M | | Non-GAAP Gross Margin | 53.5% - 54.0% | 53.75% | | Adjusted EBITDA | $28M - $34M | $31M | 2025 Full Year Financial Forecast | Metric | Forecast Range | Midpoint | | :------------------ | :------------------ | :-------- | | Revenue | +/-$10M | $880M | | Non-GAAP Gross Margin | +/-0.5% | 54.5% | | Adjusted EBITDA | +/-$5M | $135M | - The company did not provide GAAP profitability guidance[5](index=5&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) This section provides an overview of Ribbon Communications, its core business, solutions, ESG commitments, and important information regarding forward-looking statements [About Ribbon Communications](index=3&type=section&id=About%20Ribbon) Ribbon Communications is a global provider of communication software, IP, and optical networking solutions, dedicated to modernizing networks for service providers, enterprises, and critical infrastructure sectors, with a focus on ESG matters - Core business: Provides communication software, IP, and optical networking solutions, serving global service providers, enterprises, and critical infrastructure sectors[9](index=9&type=chunk) - Solution characteristics: Innovative, end-to-end, offering unparalleled scale, performance, and agility, including software-centric solutions, cloud-native products, leading security and analytics tools, and IP and optical networking solutions for 5G and broadband internet[9](index=9&type=chunk) - ESG commitment: Publishes an annual sustainability report, with a strong focus on environmental, social, and governance (ESG) matters[9](index=9&type=chunk) [Important Information Regarding Forward-Looking Statements](index=3&type=section&id=Important%20Information%20Regarding%20Forward-Looking%20Statements) This press release contains forward-looking statements subject to risks and uncertainties, based on current expectations and assumptions, where actual results may differ materially, and the company undertakes no obligation to update them - Definition: Includes projections for the company's financial results, business strategy, and market share growth for Q3 2025 and beyond, identified by words such as "anticipates," "believes," "expects," and similar expressions[10](index=10&type=chunk) - Risk factors: Include, but are not limited to, fluctuations in quarterly revenue and operating results, restructuring impacts, increased tariffs, supply chain disruptions, litigation, interest rate volatility, cybersecurity incidents, competitive failures, customer base growth, macroeconomic conditions, technological and market changes, intellectual property protection, partnerships, product defects, international operational risks, exchange rate fluctuations, and changes in laws and regulations[11](index=11&type=chunk) - Disclaimer: Forward-looking statements represent the situation only as of the date of publication, and the company undertakes no obligation to publicly update them, unless required by law[12](index=12&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) This section discusses the company's use of non-GAAP financial measures, their rationale, limitations, and specific adjustments made to provide a clearer view of core business performance [Discussion of Non-GAAP Financial Measures](index=3&type=section&id=Discussion%20of%20Non-GAAP%20Financial%20Measures) Company management uses non-GAAP financial measures to assess business performance, make operational decisions, and forecast, believing these metrics help investors understand core business performance, but emphasizes they are not substitutes for GAAP metrics and may not be comparable - Purpose of use: Management uses these for analyzing and evaluating overall business performance, making operational decisions, planning and forecasting future periods, and determining compensation plans[13](index=13&type=chunk) - Investor value: Helps investors understand the company's core financial and operational performance from management's perspective and evaluate the methods and information management uses to assess performance[14](index=14&type=chunk) - Limitations: Non-GAAP measures should not be considered a substitute for or superior to GAAP measures, may not be comparable to similar metrics from other companies, and many adjustments are recurring[15](index=15&type=chunk) [Rationale and Limitations](index=3&type=section&id=Rationale%20and%20Limitations) Company management utilizes non-GAAP metrics for internal assessment and planning, believing they aid investors in understanding core business performance, but explicitly states these metrics are not GAAP substitutes and have inherent limitations, such as the recurring nature of many adjustments - Management use: Used for analysis, evaluation, decision-making, planning, and forecasting, with annual financial plans and budgets based on a non-GAAP foundation[13](index=13&type=chunk) - Investor perspective: Provides a financial perspective consistent with management, helping to understand core financial and operational performance[14](index=14&type=chunk) - Important caution: Non-GAAP measures should not be considered a substitute for or superior to GAAP measures, may not be comparable to other companies, and many adjustments are recurring[15](index=15&type=chunk) [Specific Adjustments Explained](index=5&type=section&id=Specific%20Adjustments%20Explained) The company excludes stock-based compensation, amortization of acquired technology and intangible assets, litigation costs, acquisition/disposal/integration-related expenses, restructuring charges, preferred stock and warrant liability mark-to-market adjustments, and the tax effect of non-GAAP adjustments when calculating non-GAAP metrics to better reflect core operating performance - Stock-Based Compensation: Uncontrollable in the short term and highly variable in amount, its exclusion helps provide insight into core operating performance[16](index=16&type=chunk) - Amortization of Acquired Technology and Intangible Assets: Inconsistent in frequency and amount, influenced by the timing and scale of acquisitions, its exclusion aids comparison with historical performance and other companies in the industry[17](index=17&type=chunk) - Litigation Costs: Unrelated to core business or ongoing operations, unplanned and generally uncontrollable, its exclusion helps compare financial performance[18](index=18&type=chunk) - Acquisition-, Disposal- and Integration-Related Expenses: Unrelated to the organic ongoing operations of the company and its acquired businesses, its exclusion helps provide a more accurate comparison with historical operations and peer companies with fewer acquisitions[19](index=19&type=chunk) - Restructuring and Related Expenses: Used to streamline operations and reduce costs, its exclusion helps compare with historical performance and other companies in the industry, as these costs do not generate future revenue streams[20](index=20&type=chunk) - Preferred Stock and Warrant Liability Mark-to-Market Adjustment: These gains and losses are not part of core business or ongoing operations[21](index=21&type=chunk) - Tax Effect of Non-GAAP Adjustments: Based on an estimated tax rate applied to projected annual non-GAAP income, differing from GAAP tax rates and actual tax burdens[22](index=22&type=chunk) - Adjusted EBITDA: Calculated by excluding depreciation, stock-based compensation, amortization of acquired intangibles, specific litigation costs, acquisition/disposal/integration-related expenses, and restructuring-related expenses from operating income (loss), used for comparison and valuation[23](index=23&type=chunk) [Consolidated Financial Statements (Unaudited)](index=7&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated statements of operations, balance sheets, and cash flows, offering a detailed view of the company's financial position and performance [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations) Total revenue for Q2 2025 increased by 15% year-over-year to $221 million, but GAAP net loss was $11.1 million; for the first half, total revenue grew 7.9% to $402 million, with a GAAP net loss of $37.3 million 2025 Second Quarter Operating Results (Compared to Q2 2024) (USD Thousands) | Metric | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Total Revenue | 220,583 | 192,620 | +14.5% | | Product Revenue | 115,057 | 99,133 | +16.1% | | Service Revenue | 105,526 | 93,487 | +12.9% | | Gross Profit | 109,307 | 97,867 | +11.7% | | Gross Margin | 49.6% | 50.8% | -1.2 pp | | Operating Income (Loss) | 4,226 | (1,935) | N/A | | Net Income (Loss) | (11,093) | (16,816) | N/A | | Diluted EPS (Loss) | (0.06) | (0.10) | N/A | 2025 First Half Operating Results (Compared to H1 2024) (USD Thousands) | Metric | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Total Revenue | 401,862 | 372,284 | +7.9% | | Product Revenue | 197,048 | 186,743 | +5.5% | | Service Revenue | 204,814 | 185,541 | +10.4% | | Gross Profit | 191,677 | 189,822 | +1.0% | | Gross Margin | 47.7% | 51.0% | -3.3 pp | | Operating Income (Loss) | (15,384) | (15,421) | N/A | | Net Loss | (37,320) | (47,177) | N/A | | Diluted Loss Per Share | (0.21) | (0.27) | N/A | [Consolidated Balance Sheets](index=9&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets were $1.142 billion, a slight decrease from year-end 2024, with cash and cash equivalents declining, while total liabilities slightly increased, leading to a reduction in total stockholders' equity Balance Sheet Key Data (USD Thousands) | Metric | June 30, 2025 | December 31, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Cash and Cash Equivalents | 60,450 | 87,770 | -31.1% | | Total Current Assets | 433,940 | 463,662 | -6.5% | | Total Assets | 1,142,172 | 1,162,554 | -1.75% | | Total Current Liabilities | 313,619 | 328,873 | -4.79% | | Long-Term Debt (Net) | 327,625 | 330,726 | -0.94% | | Total Liabilities | 771,737 | 757,933 | +1.82% | | Total Stockholders' Equity | 370,435 | 404,621 | -8.45% | [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) In the first half of 2025, cash flow from operating activities was an outflow of $4.33 million, compared to an inflow of $3.32 million in the prior year, with increased cash outflow from investing activities and significant outflow from financing activities, resulting in a net decrease in cash and cash equivalents 2025 First Half Cash Flows (Compared to H1 2024) (USD Thousands) | Metric | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Net Cash from Operating Activities | (4,330) | 3,322 | N/A (Flow to Outflow) | | Net Cash Outflow from Investing Activities | (17,831) | (5,876) | +203.5% | | Net Cash Outflow from Financing Activities | (7,393) | 43,456 | N/A (Inflow to Outflow) | | Net (Decrease) Increase in Cash and Cash Equivalents | (28,205) | 40,778 | N/A (Increase to Decrease) | | Cash, Cash Equivalents, and Restricted Cash at Period End | 62,274 | 67,408 | -7.5% | - Key reasons for cash flow changes: Operating cash outflow primarily influenced by net loss, decrease in accounts receivable, increase in inventory, increase in accounts payable, and increase in deferred revenue; investing cash outflow significantly increased due to higher property and equipment purchases; financing cash outflow mainly included principal payments on term debt and common stock repurchases[31](index=31&type=chunk) [Supplemental Financial Data](index=11&type=section&id=Supplemental%20Financial%20Data) This section provides additional financial details, including stock-based compensation breakdowns and comprehensive reconciliations of non-GAAP to GAAP financial measures [Stock-Based Compensation Details](index=11&type=section&id=Supplemental%20Information) Total stock-based compensation for Q2 2025 was $4.477 million, an increase of 28.1% from Q2 2024, and for the first half, it totaled $8.775 million, up 9.5% year-over-year 2025 Second Quarter Stock-Based Compensation (USD Thousands) | Item | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Cost of Sales | 231 | 338 | -31.6% | | Research and Development Expenses | 455 | 616 | -26.1% | | Selling and Marketing Expenses | 1,066 | 954 | +11.7% | | General and Administrative Expenses | 2,725 | 1,586 | +71.8% | | **Total** | **4,477** | **3,494** | **+28.1%** | 2025 First Half Stock-Based Compensation (USD Thousands) | Item | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | Cost of Sales | 583 | 916 | -36.3% | | Research and Development Expenses | 1,180 | 1,684 | -29.9% | | Selling and Marketing Expenses | 2,239 | 2,111 | +6.1% | | General and Administrative Expenses | 4,773 | 3,305 | +44.4% | | **Total** | **8,775** | **8,016** | **+9.5%** | [Reconciliation of Non-GAAP and GAAP Financial Measures](index=12&type=section&id=Reconciliation%20of%20Non-GAAP%20and%20GAAP%20Financial%20Measures) The company provides detailed reconciliations of non-GAAP to GAAP financial measures for quarterly, half-yearly, trailing twelve months, and future outlook, with key adjustments including stock-based compensation, intangible asset amortization, litigation costs, acquisition-related expenses, and restructuring charges, to offer a clearer view of core business performance - Common impact of non-GAAP adjustments: Stock-based compensation, amortization of intangible assets, litigation costs, acquisition/disposal/integration-related expenses, and restructuring-related expenses are primary non-GAAP adjustments, which typically result in non-GAAP metrics (e.g., net income, EBITDA) being higher than GAAP metrics[36](index=36&type=chunk)[38](index=38&type=chunk)[40](index=40&type=chunk) [Quarterly Reconciliations](index=12&type=section&id=Quarterly%20Reconciliations) In Q2 2025, non-GAAP net income was $9.609 million, non-GAAP diluted EPS was $0.05, and non-GAAP adjusted EBITDA was $31.801 million, significantly higher than corresponding GAAP metrics, primarily due to several non-cash and non-core business adjustments 2025 Second Quarter Non-GAAP to GAAP Reconciliation (USD Thousands) | Metric | GAAP | Total Adjustments | Non-GAAP | | :--------------------------------- | :-------- | :-------- | :-------- | | Net Income (Loss) | (11,093) | 20,702 | 9,609 | | Diluted EPS (Loss) | (0.06) | 0.11 | 0.05 | | Adjusted EBITDA | 4,226 (Operating Income) | 27,575 | 31,801 | - Key adjustments (Q2 2025, USD Thousands): Stock-based compensation **4,477**, amortization of intangible assets **11,252**, litigation costs **2,314**, acquisition-related expenses **3,898**, restructuring expenses **1,346**[36](index=36&type=chunk) [Half-Year Reconciliations](index=13&type=section&id=Half-Year%20Reconciliations) For the first half of 2025, non-GAAP net income was $5.03 million, non-GAAP diluted EPS was $0.03, and non-GAAP adjusted EBITDA was $37.642 million, demonstrating better profitability compared to GAAP net loss and operating loss 2025 First Half Non-GAAP to GAAP Reconciliation (USD Thousands) | Metric | GAAP | Total Adjustments | Non-GAAP | | :--------------------------------- | :-------- | :-------- | :-------- | | Net Income (Loss) | (37,320) | 42,350 | 5,030 | | Diluted EPS (Loss) | (0.21) | 0.24 | 0.03 | | Adjusted EBITDA | (15,384) (Operating Income) | 53,026 | 37,642 | - Key adjustments (H1 2025, USD Thousands): Stock-based compensation **8,775**, amortization of intangible assets **22,795**, litigation costs **3,114**, acquisition-related expenses **3,898**, restructuring expenses **6,687**[38](index=38&type=chunk) [Trailing Twelve Months Reconciliations](index=14&type=section&id=Trailing%20Twelve%20Months%20Reconciliations) For the trailing twelve months ended June 30, 2025, non-GAAP adjusted EBITDA was $123 million, an 18.7% increase from the prior year, indicating sustained growth in profitability after excluding non-core items Trailing Twelve Months Non-GAAP Adjusted EBITDA (USD Thousands) | Metric | June 30, 2025 | June 30, 2024 | Change | | :----------------------- | :------------- | :------------- | :----- | | GAAP Operating Income (Loss) | 16,909 | 2,105 | N/A | | Non-GAAP Adjusted EBITDA | 122,993 | 103,636 | +18.7% | - Key adjustments (TTM 2025, USD Thousands): Depreciation **14,526**, stock-based compensation **16,845**, amortization of intangible assets **47,360**, litigation costs **11,593**, acquisition-related expenses **3,898**, restructuring expenses **11,862**[40](index=40&type=chunk) [Outlook Reconciliations](index=15&type=section&id=Outlook%20Reconciliations) The company provided reconciliation tables for its Q3 and full-year 2025 non-GAAP outlook, projecting non-GAAP gross margin and adjusted EBITDA to remain at high levels, reflecting management's confidence in future core business performance 2025 Third Quarter Outlook Non-GAAP to GAAP Reconciliation (USD Thousands) | Metric | GAAP Midpoint | Total Adjustments | Non-GAAP Midpoint | | :--------------------------------- | :-------- | :-------- | :-------- | | Gross Margin | 51.25% | 2.50% | 53.75% | | Operating Income (Loss) | 10,800 | 20,200 | 31,000 (Adjusted EBITDA) | 2025 Full Year Outlook Non-GAAP to GAAP Reconciliation (USD Thousands) | Metric | GAAP Midpoint | Total Adjustments | Non-GAAP Midpoint | | :--------------------------------- | :-------- | :-------- | :-------- | | Gross Margin | 52.0% | 2.5% | 54.5% | | Operating Income (Loss) | 42,300 | 92,700 | 135,000 (Adjusted EBITDA) |

Core Insights - Ribbon Communications Inc. reported strong financial performance in Q2 2025, with revenue and earnings exceeding growth projections, driven by robust demand in North America across Service Provider and Enterprise markets [2][3][5] - The company anticipates a seasonally stronger second half of the year, supported by good visibility in demand [2][3] Financial Highlights - Revenue for Q2 2025 was $221 million, a 15% increase from $193 million in Q2 2024 [5] - Adjusted EBITDA rose 47% year over year to $32 million, at the top end of guidance [2][5] - The company announced a stock repurchase program, planning to buy back up to $50 million of common stock [2][3] - Cash position at the end of Q2 2025 was $62 million, including $2.3 million from stock repurchases [2][3] Business Outlook - For Q3 2025, revenue is projected to be between $213 million and $227 million, with non-GAAP gross margin expected to be between 53.5% and 54.0% [3] - Full-year 2025 projections remain unchanged, indicating confidence in ongoing business performance [3] Operational Performance - GAAP operating income for Q2 2025 was $4 million, compared to a loss of $2 million in Q2 2024 [5] - Non-GAAP adjusted EBITDA for the first half of 2025 was $38 million, up from $33 million in the same period of 2024 [5] - GAAP gross margin for Q2 2025 was 49.6%, slightly down from 50.8% in Q2 2024 [5][33] Market Position - Ribbon Communications continues to engage with major service providers and enterprises, focusing on modernizing and securing their networks [1][7] - The company is well-positioned to capitalize on the growing demand for real-time communications technology and IP optical networking solutions [1][7]

About Ribbon Ribbon Communications (Nasdaq: RBBN) delivers communications software, IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge so ...

Core Insights - Ribbon Communications Inc. has appointed Fahad Najam as Senior Vice President of Investor Relations and Corporate Strategy, indicating a strategic focus on transformation and stakeholder engagement [1][2] - The CEO, Bruce McClelland, emphasized that Najam's extensive industry knowledge and relationships will enhance investor engagement and collaboration with partners [2] - Najam brings over 25 years of experience in the technology sector, including over a decade in equity investment research, which will contribute to Ribbon's growth and innovation [2][3] Company Overview - Ribbon Communications is a leader in secure cloud communications and IP optical networking solutions, serving service providers, enterprises, and critical infrastructure sectors globally [3] - The company focuses on modernizing networks to improve competitive positioning and business outcomes, leveraging cloud-native architectures, automation, and analytics tools [3] - Ribbon maintains a commitment to Environmental, Social, and Governance (ESG) matters, providing an annual Sustainability Report to stakeholders [3]

Group 1 - Ribbon Communications Inc. will report its financial results for Q2 2025 on July 23, 2025, after market close [1] - A conference call will be held at 4:30 p.m. ET on the same day to discuss the financial results [2] - The company provides secure cloud communications and IP optical networking solutions globally, focusing on modernizing networks for improved business outcomes [3] Group 2 - Ribbon Communications emphasizes its commitment to Environmental, Social, and Governance (ESG) matters, providing an annual Sustainability Report [3]

Company Overview - Ribbon Communications Inc. is a leading supplier of real-time communications technology and IP optical networking solutions, focusing on assisting service providers, enterprises, and critical infrastructure operators in modernizing and safeguarding their networks and services [1][2] - The company offers a comprehensive portfolio of secure cloud communications and IP optical networking solutions, emphasizing cloud-native architectures, automation, analytics tools, and security [2] Upcoming Events - Ribbon Communications executives will participate in the Rosenblatt 5th Annual Technology Virtual Summit Tech Conference on June 10, 2025, and the Northland Capital Virtual Growth Conference on June 25, 2025 [5] - Qualified participants can set up virtual meetings with Ribbon leadership by contacting the company [1]

Group 1: Penny Stocks Overview - Trading penny stocks allows investors to buy a significant number of shares with limited capital, potentially generating substantial profits from small price movements [1] - Penny stocks are often associated with small-cap or micro-cap companies, many of which are unprofitable and may lack revenue [1][2] Group 2: Microvast Holdings Inc. - Microvast Holdings Inc. (NASDAQ: MVST) is a leader in battery technologies for electric vehicles and energy storage, holding over 800 patents [4] - The company reported a strong earnings performance, beating revenue expectations and maintaining a full-year revenue growth guidance of 18% to 25% [5] - MVST stock has risen 80% in the last 30 days, partly due to its recent addition to the Russell 3000 index, which may attract institutional interest [6] Group 3: Ribbon Communications Inc. - Ribbon Communications Inc. (NASDAQ: RBBN) is positioned as a key player in AI infrastructure, particularly in telecommunications for large language models [8][9] - The company has maintained its full-year revenue guidance between $870 million and $890 million, exceeding analysts' forecasts [10] - RBBN stock has increased over 20% following its latest earnings report, with a consensus price target of $5.88, indicating a potential upside of 49.8% [11] Group 4: Intellicheck Inc. - Intellicheck Inc. (NYSE: IDN) focuses on identity verification and fraud detection within the cybersecurity sector, a rapidly growing niche [12][13] - The company reported 100% renewal rates and high gross margins, with annual contract values exceeding $10 million [14] - Analysts have set a consensus price target of $5.83 for IDN stock, suggesting potential for speculative investment [15]

Core Viewpoint - Ribbon Communications Inc. has announced a share repurchase program of up to $50 million, reflecting the Board's confidence in the company's strategic plan and improved performance, particularly highlighted by record financial results in Q4 2024 [1][2]. Financial Performance - The company reported a 30% increase in earnings for 2024, achieving results at the high end of its original guidance [2]. - Business with US Tier One Service Providers doubled in 2024, supported by a multi-year contract with Verizon for modernizing telecom voice infrastructure [2]. Share Repurchase Program - The share repurchase program will commence on June 5, 2025, and continue through December 31, 2027 [1]. - The program may involve purchases in the open market, privately negotiated transactions, or structured through investment banking institutions, with the timing and amount subject to various factors [2]. Business Strategy and Outlook - The company has seen significant growth in business with Enterprise customers and U.S. Federal agencies [2]. - There is improved visibility in the business with positive book-to-bill ratios and a growing backlog, indicating a focus on driving profitable growth and strong cash flow generation [2]. Company Overview - Ribbon Communications provides secure cloud communications and IP optical networking solutions globally, focusing on modernizing networks for better competitive positioning [3]. - The company emphasizes its commitment to Environmental, Social, and Governance (ESG) matters, offering an annual Sustainability Report to stakeholders [3].