ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ADTRAN Holdings, Inc. (NASDAQ: ADTN) will release its fourth quarter 2022 financial results after market close on February 20, 2023. A conference call is scheduled for February 21, 2023, at 9:30 a.m. Central Time to discuss the results. Interested parties can access the call via the company’s Investor Relations site.

ADTRAN is a global leader in open, disaggregated networking and communications solutions. The webcasts and transcripts will be available online for at least 12 months post-call.

Adtran has launched the SDX 6330, a 10Gbit/s Combo PON fiber access platform designed for broadband service providers. This innovative platform boasts the industry’s highest port density and integrated 400Gbit/s uplinks, enabling rapid and cost-effective fiber network deployment. The compact, energy-efficient design supports retail and wholesale service expansion while minimizing environmental impacts. By addressing the challenges of growing subscriber demands and sustainability targets, the SDX 6330 aims to enhance network simplicity and scalability. This marks Adtran's commitment to transforming broadband coverage and empowering operators in a competitive market.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) has successfully registered a domination and profit and loss transfer agreement (DPLTA) with ADVA Optical Networking SE, effective January 16, 2023. This follows the extraordinary general meeting approval on November 30, 2022. The DPLTA allows ADTRAN to further integrate ADVA under German law, enabling operational directives to its management board. CEO Tom Stanton expressed enthusiasm over this milestone, thanking employees for their support. Cash compensation details for ADVA shareholders will be disclosed soon in the German Federal Gazette.

Adtran, Inc. announced that New Hope Telephone Cooperative (NHTC) is utilizing its end-to-end fiber broadband solutions to enhance network competitiveness in a rapidly growing market. NHTC aims to offer multi-gigabit fiber services efficiently, leveraging Adtran's Mosaic One cloud software and 10G fiber access technology. This partnership enables NHTC to support both legacy and new subscribers, optimize network operations, and improve customer satisfaction. Adtran emphasizes the importance of data insights for effective marketing and customer service.

Adtran, a leader in open networking solutions, announced that Greece's largest power utility, Public Power Corporation (PPC), is launching a pilot fiber wholesale network using Adtran's disaggregated fiber access platform. The initial deployment in Peristeri aims to deliver gigabit services and connect over three million homes within four years. PPC, which serves around six million customers, seeks to modernize its infrastructure while enhancing broadband access. Adtran's technology promises improved efficiency and cost savings, aligning with PPC's sustainability goals.

ADTRAN Holdings, Inc. reported financial results for Q3 2022, with revenue hitting $340.7 million. The net loss attributable to the Company was $41.9 million, translating to a loss per share of $0.57. Non-GAAP net income attributable to the Company was $7.7 million, with a non-GAAP EPS of $0.11. The quarter also marked the completion of ADTRAN's business combination with ADVA, enhancing their market position in optical networking. Additionally, a quarterly cash dividend of $0.09 per common share was declared, with payment scheduled for December 6, 2022.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) will present at the 3rd Annual Needham Virtual Tech Week on November 15, 2022, at 10:15 am ET. The company aims to provide an update on its business and discuss industry trends affecting the market. Participants can listen to the live webcast here. ADTRAN Holdings is a leading provider of open networking solutions and is the largest shareholder of ADVA, a telecommunications vendor in Europe. Forward-looking statements may be included in the presentation.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) reported preliminary financial results for Q3 2022, with revenues at $340.7 million and a gross margin of 28.8%. The non-GAAP gross margin stood at 38.1%, while the operating expenses were approximately $142.1 million. The company faced a GAAP operating loss of $61.1 million, contrasted by a non-GAAP operating income of $20.9 million. CEO Tom Stanton highlighted strong demand post the business combination with ADVA Optical Networking, with expectations to exceed market revenue and adjusted income estimates.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) will release its financial results for Q3 2022 on November 7, 2022, after market close. A conference call will follow on November 8, 2022, at 9:30 a.m. Central Time to discuss the results. Investors can access the webcast on the company's Investor Relations site approximately 10 minutes before the call. An online replay will be available shortly after and for at least 12 months. ADTRAN is recognized for its disaggregated networking solutions and holds a significant stake in ADVA.