ADTN Q3 2023 Earnings — ADTRAN Holdings, Inc. Revenue & Financial Results | Market Cap Arena

ADTNADTRAN Holdings, Inc.

$811M

Q3 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$272M-20.1% YoY

Gross Profit

$74M27.3% margin

Operating Income

-$89M-32.8% margin

Net Income

-$73M-26.7% margin

EPS (Diluted)

$-1.00

QoQ Revenue Growth

-16.8%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

-$7M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$625M

Stockholders' Equity

$685M

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$272M	$341M	-20.1%
Gross Profit	$74M	$103M	-27.9%
Operating Income	-$89M	-$48M	-86.0%
Net Income	-$73M	-$42M	-73.5%

Revenue Segments

Optical Networking Solutions

$116M43%

Access & Aggregation Solutions

$95M35%

Subscriber Solutions And Experience

$61M23%

Geographic Segments

UNITED STATES

$111M41%

GERMANY

$60M22%

Other International

$59M22%

UNITED KINGDOM

$41M15%