RBBN - Ribbon Communications reports mixed Q1 earnings; initiates Q2 outlook

2023-04-26 16:06:43 ET

• Ribbon Communications press release ( NASDAQ: RBBN ): Q1 Non-GAAP EPS of -$0.02 beats by $0.01 .
• Revenue of $186M (+7.5% Y/Y) misses by $1.27M .
• Outlook: For the second quarter of 2023, the Company projects revenue of $205 million to $215 million vs. consensus of $214.18M, Non-GAAP gross margin is projected in a range of 50.5% to 51.5%, and Adjusted EBITDA is projected in a range of $17 million to $24 million.
• "Based on the solid start to the year and bookings strength, and the implementation of previously announced spending reductions, we are maintaining our positive outlook and guidance for 2023."

For further details see: