trending Market Intelligence /marketintelligence/en/news-insights/trending/HZYNJYt1JFCR0Ax8WPsCaQ2 content esgSubNav
In This List

Ribbon Communications Q1 loss narrows YOY

Blog

S&P 500 Q2 2022 Sector Earnings & Revenue Data

Blog

Banking Essentials Newsletter: September 28th edition

Blog

Worldwide smartphone shipment forecast through 2026: from small drop to mild recovery

Podcast

Next in Tech | Episode 84: The bear bites M&A


Ribbon Communications Q1 loss narrows YOY

Ribbon Communications Inc. said its normalized net income for the first quarter amounted to a loss of 5 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share loss narrowed 81.1% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.2 million, compared with a loss of $11.9 million in the prior-year period.

The normalized profit margin climbed to negative 3.8% from negative 23.7% in the year-earlier period.

Total revenue rose 18.0% on an annual basis to $59.2 million from $50.1 million, and total operating expenses decreased 9.0% year over year to $63.0 million from $69.2 million.

Reported net income totaled a loss of $4.5 million, or a loss of 9 cents per share, compared to a loss of $19.3 million, or a loss of 39 cents per share, in the prior-year period.