Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

Core Insights - Ribbon Communications Inc. reported record quarterly sales and operating income, with a revenue growth of 11% year-over-year driven by strong demand from service providers, enterprise customers, and U.S. federal agencies [1][4] Financial Performance - Fourth quarter 2024 revenue was $251 million, up from$226 million in Q4 2023 and $210 million in Q3 2024. GAAP operating income was$33 million, compared to $17 million in Q4 2023. Non-GAAP adjusted EBITDA increased by 30$55 million, representing 22% of sales [2][3] - For the full year 2024, revenue reached $834 million, slightly up from$826 million in 2023. GAAP operating income improved to $17 million from a loss of$24 million in 2023. Non-GAAP adjusted EBITDA rose by 31% to $119 million, or 14$870 million and $890 million, with non-GAAP gross margins expected to be in the range of 54$130 million and $140 million [9][10] - The first quarter of 2025 is expected to generate revenue between$185 million and $195 million, with non-GAAP gross margins projected at 53% to 53.5% [9]