Core Insights - Ribbon Communications Inc. has announced the deployment of a managed optical network for EENet of HTM, enhancing network management for the Estonian Education and Research Network [1][2] - The network features Ribbon's Apollo programmable optical networks, offering flexibility with coherent wavelength solutions ranging from 100G to 1.2T and supporting layer 1 optical encryption [2][3] - EENet is utilizing Ribbon's Muse Multilayer Automation Platform to optimize IP Optical network investments through comprehensive control and planning applications [3][4] Company Overview - Ribbon Communications provides communications software and IP optical networking solutions globally, focusing on modernizing networks for improved competitive positioning [5] - The company emphasizes its commitment to Environmental, Social, and Governance (ESG) matters, providing an annual Sustainability Report to stakeholders [5]

Core Viewpoint - Ribbon Communications Inc. will report its financial results for Q4 and the full year of 2024 on February 12, 2025, followed by a conference call to discuss the results [1] Group 1: Financial Reporting - The financial results will be released after the market closes on February 12, 2025 [1] - A conference call will be held at 4:30 p.m. ET to discuss the financial results with the financial community [1][2] Group 2: Company Overview - Ribbon Communications provides communications software, IP, and optical networking solutions to service providers, enterprises, and critical infrastructure sectors globally [3] - The company focuses on modernizing networks to improve competitive positioning and business outcomes in a data-driven environment [3] - Ribbon offers a comprehensive portfolio that includes software-centric solutions, cloud-native offerings, security, analytics tools, and networking solutions for 5G [3] - The company is committed to Environmental, Social, and Governance (ESG) matters and publishes an annual Sustainability Report [3]

Facilitates high-speed, scalable, and cost-effective data transfer PLANO, Texas, Dec. 11, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), which helps many of the world's largest service providers, enterprises and critical infrastructure operators modernize and protect their networks with its state-of-the-art real time communications technology and IP optical networking solutions, announced that Diabolocom has selected Ribbon's high density Data Center Interconnect (DCI) solution. The solutio ...

Ribbon Communications (RBBN) has significantly expanded its presence in Thailand and solidified its role in the region. The company began manufacturing key IP Optical products in Thailand in 2023. These products include advanced platforms such as the Apollo 9408 and 9600, which offer high-density, low-power optical transport solutions essential for modern network infrastructures.The expansion supports Ribbon Communications' strategy to meet the rising demand for high-performance networking solutions, especi ...

Core Insights - Ribbon Communications has successfully completed a long haul DWDM deployment for Airtel, enhancing Airtel's capabilities to meet the growing demand for 5G and high-speed connectivity [1][2] - Airtel has integrated Ribbon's Apollo 9600 suite, providing 51.2 Tbps of long haul network capacity, which effectively addresses its increasing bandwidth requirements [2] - Ribbon's Muse platform enhances operational efficiency through operator-defined workflow automation and real-time network monitoring [2] Company Overview - Ribbon Communications specializes in real-time communications technology and IP optical networking solutions, focusing on modernizing networks for improved competitive positioning [2] - Airtel is a leading global communications provider with over 550 million customers across 17 countries, ranking among the top three mobile operators globally [3] - Airtel's service offerings include high-speed mobile broadband, digital payments, and a range of enterprise solutions such as secure connectivity and cloud services [3]

Core Viewpoint - Ribbon Communications' stock surged despite Q3 sales and earnings results missing analyst expectations, driven by encouraging forward guidance for Q4 [1][2]. Financial Performance - Q3 non-GAAP earnings per share were $0.05, with sales of $210.24 million, falling short of the average analyst estimates of $0.05 per share on sales of approximately $212.1 million [2]. - Revenue increased by roughly 3% year-over-year, supported by growth in the cloud and edge secure communications business [2]. - Adjusted earnings per share remained flat compared to the prior year [2]. Q4 Guidance - Ribbon provided guidance for Q4 sales between $235 million and $255 million, indicating a potential sequential sales growth of approximately 17% and annual growth of about 8% compared to last year's $226 million [3]. - The projected adjusted gross margin for Q4 is between 55.5% and 56%, suggesting a moderate increase from the 55% margin in Q3 [3]. Growth Drivers - The anticipated sales increase is linked to expanding business with Verizon Communications, new contracts with U.S. defense agencies, and growth in the U.S. rural broadband segment [4]. - The better-than-expected guidance has contributed to a positive sentiment among investors [4].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2024 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 001-38267 RIBBON COMMUNICATIONS INC. (Exact name of Registrant as specified in its charter) Delaware 82-166969 ...

Ribbon Communications Inc (NASDAQ:RBBN) Q3 2023 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Joni Roberts - Chief Marketing Officer Bruce McClelland - CEO Conference Call Participants Christian Schwab - Craig Hallum Capital Group Michael Genovese - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Rustam Kanga - Citizens JMP Operator Ladies and gentlemen, greetings, and welcome to the Ribbon Communications Third Quarter 2024 Financial Results Conference Call. [Oper ...

Ribbon Communications (RBBN) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this maker of technology for telephone services over internet networks would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.Over the last four quarters, the company has surpassed cons ...

Revenue Performance - Revenue for Q3 2024 was $210 million, a 3.5% increase year-over-year from $203 million in Q3 2023 and a 9% increase from $193 million in Q2 2024[2]. - The company expects Q4 2024 revenue to be between $235 million and $255 million, projecting an 8% year-over-year sales growth at the midpoint[4]. - Total revenue for the three months ended September 30, 2024, was $210,238 thousand, an increase of 9.0% compared to $192,620 thousand for the previous quarter[19]. - The company projects a revenue midpoint of $245 million for the three months ending December 31, 2024, with a range of +/- $10 million[32]. Profitability Metrics - Non-GAAP Adjusted EBITDA improved to $30 million, representing 14% of sales in Q3 2024, compared to $28 million in Q3 2023[2]. - Adjusted EBITDA for Q4 2024 is projected to be between $46 million and $52 million[4]. - The company reported a GAAP loss from operations of $1 million in Q3 2024, while Non-GAAP net income was $8 million[2]. - Non-GAAP net income for the three months ended September 30, 2024, was $8,486 thousand, compared to $9,355 thousand for the same period in 2023[26]. - Non-GAAP Net Income for the nine months ended September 30, 2024, was $15,911,000, up from $14,276,000 in the same period of 2023[29]. - GAAP Net Loss decreased to $(60,599,000) for the nine months ended September 30, 2024, from $(73,285,000) in the prior year[29]. Margin Analysis - GAAP Gross Margin was 52% and Non-GAAP Gross Margin was 55% in Q3 2024, exceeding expectations due to a positive mix of product sales[2]. - Non-GAAP gross margin for Q4 2024 is projected to be in the range of 55.5% to 56%[4]. - GAAP gross margin for the three months ended September 30, 2024, was 52.1%, up from 50.8% in the previous quarter[26]. - GAAP Gross Margin for the nine months ended September 30, 2024, was 51.4%, an increase from 47.7% for the same period in 2023[29]. - Non-GAAP Gross Margin improved to 55.0% for the nine months ended September 30, 2024, compared to 51.7% in the prior year[29]. Expenses and Costs - Operating expenses totaled $110,544 thousand, an increase from $99,802 thousand in the previous quarter, primarily driven by higher research and development costs[19]. - A $5 million litigation settlement was accrued in Q3 2024, impacting general and administrative expenses[13]. - Research and development expenses for the year were $134,897 thousand, down from $145,309 thousand in the previous year, reflecting cost management efforts[20]. - Total stock-based compensation for the nine months ended September 30, 2024, was $12,061 thousand, down from $16,914 thousand for the same period in 2023[24]. - The company reported a decrease in litigation costs to $10,153,000 for the trailing twelve months ended September 30, 2024, compared to $769,000 in the previous year[30]. Cash and Debt Position - Cash and cash equivalents increased to $37,240 thousand from $26,494 thousand at the end of the previous year[21]. - Long-term debt increased to $332,428 thousand from $197,482 thousand at the end of the previous year, indicating a significant rise in leverage[21]. - The company recorded $44,106 thousand in borrowings under the revolving line of credit during the nine months ended September 30, 2024[22]. - The company reported a net increase in cash and cash equivalents of $13,463 thousand for the nine months ended September 30, 2024[22]. Leadership Changes - The new CFO, John Townsend, will join the company effective November 1, 2024, bringing telecom experience from Verizon and Vodafone[4]. Accumulated Deficit - The company’s accumulated deficit increased to $(1,580,549) thousand as of September 30, 2024, compared to $(1,519,950) thousand at the end of the previous year[21].