ADTN Q2 2023 Earnings — ADTRAN Holdings, Inc. Revenue & Financial Results | Market Cap Arena

ADTNADTRAN Holdings, Inc.

$811M

Q2 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$327M+90.3% YoY

Gross Profit

$93M28.3% margin

Operating Income

-$45M-13.6% margin

Net Income

-$39M-11.9% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$28M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.1B

Stockholders' Equity

$782M

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$327M	$172M	+90.3%
Gross Profit	$93M	$63M	+48.1%
Operating Income	-$45M	$8M	-648.7%
Net Income	-$39M	$2M	-1924.4%

Revenue Segments

Optical Networking Solutions

$143M44%

Access & Aggregation Solutions

$103M31%

Subscriber Solutions And Experience

$82M25%

Geographic Segments

UNITED STATES

$132M40%

GERMANY

$76M23%

Other International

$67M21%

UNITED KINGDOM

$52M16%