ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ADTRAN Holdings, Inc. (NASDAQ: ADTN) reported its Q2 2024 financial results with revenue of $226.0 million. The company saw improvements across major operating metrics, including profitability and working capital. GAAP gross margin was 36.1%, while non-GAAP gross margin reached 41.9%. However, ADTRAN reported a GAAP net loss of $49.9 million, or $0.63 per diluted share. On a non-GAAP basis, the net loss was $18.8 million, or $0.24 per diluted share.

CEO Tom Stanton noted growth in the customer base across the U.S. and Europe, driven by adoption of their latest fiber networking solutions. For Q3 2024, ADTRAN expects revenue between $215-235 million and non-GAAP operating margin ranging from -1% to +3%.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) has announced the release date for its second quarter 2024 financial results. The company will disclose its earnings after market close on Monday, August 5, 2024. Following this, ADTRAN will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m. Central Time to discuss the quarterly results.

Investors and interested parties can access the earnings call webcast through the company's Investor Relations site at www.adtran.com/investor. An online replay of the conference call and its transcript will be made available shortly after the call concludes and will remain accessible for at least 12 months.

Adtran announced that telMAX, an Ontario-based service provider, is using Adtran's Mosaic CP microservices platform integrated with GLDS BroadHub® subscriber management platform to expand its high-speed broadband services. The solution, built on Adtran's SDX 6000 Series of Combo PON optical line terminals and XGS-PON optical network terminals, enables automated management and streamlined service activation.

telMAX, recognized as Canada's Fastest ISP for two consecutive years, is leveraging this technology to rapidly expand into new areas across the Greater Toronto Area. The integration allows for real-time adjustments to network conditions and swift responses to customer demands, enhancing operational efficiencies and scalability.

Adtran, in collaboration with Iridium Communications, has launched synchronization solutions with Iridium's Satellite Time and Location (STL) technology across Europe and the Asia-Pacific regions. This initiative aims to counter growing threats to Global Navigation Satellite Systems (GNSS) by providing secure, precise positioning, navigation, and timing (PNT) services via low-Earth orbit (LEO) satellites. The OSA 5405-S PTP compact grandmaster clock and OSA 5400 STL module are key products now available, offering robust timing support for critical infrastructures like 5G networks and defense systems. STL services are significantly stronger and more resilient than traditional GNSS, ensuring continuous synchronization even in compromised environments. Adtran offers these services through flexible annual licenses or bundled equipment packages, catering to various financial planning needs.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced its participation in the Northland Growth Conference on June 25, 2024. Company representatives will discuss ADTRAN's performance and industry trends. The conference will be held virtually.

Adtran has joined the Luxembourg Internet eXchange (LU-CIX) community as a Gold Member, enhancing LU-CIX's digital infrastructure capabilities. This collaboration reinforces a longstanding partnership, with Adtran's FSP 3000 optical transport solution and ALM fiber monitoring platform playing key roles in expanding and stabilizing LU-CIX's network. LU-CIX, a significant European internet exchange, benefits from Adtran's energy-efficient technology, which aligns with its sustainability goals. The partnership aims to boost Luxembourg's status as a premier digital hub and improve network performance across Europe. Adva Network Security, part of Adtran, offers BSI-approved, quantum-resistant network security solutions, fortifying digital infrastructure against future threats.

Adtran has introduced two new optical cesium atomic clocks: the OSA 3300 Super High-Performance (OSA 3300 SHP) and the OSA 3350 Super Enhanced Primary Reference Clock+ (OSA 3350 SePRC+). These devices aim to meet the growing demands for precise and reliable network time synchronization across various industries, from scientific research to critical infrastructure. The OSA 3300 SHP offers twice the Allan Deviation performance of its predecessor, making it ideal for metrology and scientific research. Meanwhile, the OSA 3350 SePRC+ ensures 100-nanosecond precision for up to 100 days, providing robust timing even when GPS/GNSS is unavailable. This reliability is important for mission-critical networks and defense operations. Adtran highlights these innovations amidst rising concerns over GPS vulnerabilities and increasing global tensions, positioning their new clocks as essential for secure and reliable network timing.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced that it will participate in the Rosenblatt's 4th Annual Technology Summit: The Age of AI, on June 13, 2024. The virtual conference will see ADTRAN representatives discussing the company's performance and prevailing industry trends. This event provides an opportunity for investors to gain insights into ADTRAN's strategies and potential market impacts.

SUNET is leveraging Adtran's ALM fiber monitoring solution to enhance the resilience and efficiency of its national backbone network. The ALM platform offers real-time insights into the quality of SUNET’s extensive 8,000km fiber infrastructure, enabling rapid detection and resolution of fiber issues. This deployment aims to reduce downtime, simplify network management, and minimize operational costs. The collaboration with NetNordic, a key partner, further supports the high-capacity network serving over 110 organizations and 750,000 users in Sweden's research and education community. The ALM technology also boosts sustainability through reduced truck rolls and lower power usage.