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DZS Inc. (NASDAQ: DZSI) is a global leader in providing cutting-edge network access solutions and communications platforms. Serving a diverse range of markets spanning the United States, Canada, Latin America, Europe, the Middle East, Africa, Korea, and other Asia-Pacific countries, DZS offers a comprehensive suite of products tailored for service providers and enterprise networks.
DZS Inc. specializes in broadband access products, including customer premise equipment such as digital subscriber line (DSL) modems, Ethernet access demarcation devices, and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals. They also supply central office products, including broadband loop carriers for DSL and voice-grade telephone service, DSL access multiplexers (DSLAMs), and optical line terminals for passive optical distribution networks like GPONs and 10G passive optical networks.
In addition to these offerings, DZS provides Ethernet switching products, mobile backhaul products with standard Ethernet/IP or multiprotocol label switching interfaces, and software-defined networks and network assurance solutions. The company’s extensive portfolio addresses the growing demand for high-speed, reliable, and secure network services worldwide.
Recent achievements for DZS include strategic growth initiatives and partnerships across the Americas and EMEA regions. The company is currently focused on several high-impact projects, such as closing the divestiture of its Asia business unit, optimizing its cost structure, and completing financial restatements for various reporting periods in 2022 and 2023.
DZS’s latest innovations are designed to capture market share in an increasingly competitive environment. Their Velocity portfolio of optical line terminals, including the award-winning DZS Velocity V6, are leading environmentally hardened, multi-gigabit, fiber access platforms with market-leading capacity and performance capabilities.
The Saber platform offers groundbreaking, cost-effective deployment of coherent optics in remote and rural locations, enabling long reach, low latency services for residential and enterprise networks. Their Cloud Edge portfolio, driven by AI and machine learning, powers over 50 million subscribers globally with real-time network optimization capabilities.
The Subscriber Edge solutions include the DZS Helix portfolio of residential and business Optical Networking Terminals (ONTs), access points, and WiFi-enabled gateways, enhancing end-user experience significantly. Major service providers like Orange and Vianet have chosen DZS products to deliver superior broadband services.
To learn more about DZS Inc. and their innovative solutions, visit https://www.dzsi.com.
DZS announced that The George, a 5-Star hospitality venue in Tel Aviv, Israel, has implemented DZS FiberLAN technology as its core communications infrastructure. The venue, which opened in early 2024, utilizes Gigabit Passive Optical Networking (GPON) technology to deliver gigabit services throughout its facilities.
The George features 170 rooms (37 for extended stays), meeting facilities, dining establishments, work spaces, and an events center. The implementation includes DZS Velocity V1 Network Edge Access platforms with FiberLAN Business Gateways and WiFi 6 units. The project was supported by Israel-based RFC, a DZS strategic partner.
DZS FiberLAN's solution offers advantages over traditional copper infrastructure, including cost-effectiveness, higher capacity, longer lifecycle, reliability, and environmental friendliness.
DZS (DZSI) has announced the sale of its enterprise Industrial Internet of Things (IoT) solutions portfolio to Lantronix for $6.5 million in an all-cash transaction. The deal includes the transfer of development, product, and sales resources. The divestiture aims to strengthen DZS's balance sheet and allow the company to focus on its core Networking, Connectivity, and Cloud Edge Software portfolio. Combined with the recently announced AXON Networks transaction, DZS will strengthen its balance sheet by approximately $40 million in cash and reduction in long-term debt. The acquisition benefits Lantronix by adding approximately 60 customers and expanding its footprint across the United States, Europe, and Australia.
DZS reported Q3 2024 financial results showing sequential quarterly revenue growth. Net revenue reached $38.1 million, up 22.8% from Q2 2024. Orders were $27.2 million, down 5.8% from Q3 2023. GAAP gross margin improved to 29.4% compared to -4.6% in Q3 2023. The company reported a net loss of $25.7 million GAAP and $11.7 million adjusted non-GAAP. Cash balance stood at $5.7 million with inventory of $79 million at quarter-end. The company aims to achieve break-even Adjusted EBITDA in 2025 through cost savings initiatives and NetComm business synergies.
DZS (OTC: DZSI) has completed the sale of its service assurance and WiFi management software portfolio to AXON Networks. The transaction includes the Expresse, CloudCheck, and TruSpeed assets and IP patents. This strategic move allows DZS to concentrate its development and market efforts on its core broadband Networking, Connectivity and Cloud Edge software portfolio. The company's CEO, Charlie Vogt, described the sale as beneficial for all parties involved, including DZS, AXON, and customers.
DZS (OTC: DZSI), a provider of networking, connectivity, and cloud edge software solutions, has announced it will hold an earnings conference call to discuss its third quarter 2024 financial results. The call is scheduled for Wednesday, November 6, 2024, at 11:00 a.m. EDT. Participants can join via toll-free number (800) 715-9871 using Conference ID 5468431, or through the provided webcast link.
DZS (OTC: DZSI), a leader in Networking, Connectivity, and Cloud Edge software solutions, has achieved the Build America Buy America (BABA) manufacturing readiness certification for the U.S. Broadband Equity, Access, and Deployment (BEAD) Program. This certification, announced by the National Telecommunications and Information Association (NTIA) on October 16, 2024, confirms DZS as one of five compliant U.S. telecom electronics equipment manufacturers.
DZS, along with manufacturing partner Fabrinet, is producing BEAD-ready fiber optic equipment in the U.S. Their portfolio includes Optical Line Terminals (OLTs), OLT line cards, optics pluggables, and standalone Optical Network Terminals (ONTs), all compliant with BABA requirements. DZS' solutions are ideal for rural and underserved areas, enhancing broadband access across America.
DZS has sold its Service Assurance and WiFi Management software portfolio to AXON Networks for $34 million in an all-cash transaction. The deal includes the transfer of CloudCheck, Expresse, and TruSpeed assets, IP patents, a development team, and customers to AXON. This move allows DZS to focus on its Networking, Connectivity, and Cloud Edge portfolio, while expanding its strategic partnership with AXON.
The acquisition enhances AXON's Network-as-a-Service (NaaS) offerings and Software Defined Networking portfolio. Both companies expect to benefit from cross-selling opportunities. DZS CEO Charlie Vogt stated that the sale will enable continued investment in their core solutions. AXON CEO Martin Manniche emphasized that the acquisition strengthens their development team and global footprint.
This transaction comes as the broadband access industry normalizes after supply chain challenges and government-led stimulus programs emerge, presenting new opportunities for both companies.
DZS has sold its Service Assurance and WiFi Management software portfolio to AXON Networks for $34 million in an all-cash transaction. The deal includes the transfer of CloudCheck, Expresse, and TruSpeed assets, IP patents, a development team, and key customers to AXON. This move allows DZS to focus on its Networking, Connectivity, and Cloud Edge portfolio, while AXON integrates these products into its Network-as-a-Service (NaaS) offerings.
The transaction expands the strategic partnership between DZS and AXON, enabling cross-selling opportunities. For AXON, this acquisition enhances its Software Defined Networking portfolio and strengthens its ability to deliver comprehensive NaaS solutions to service providers. The combined development team is expected to be one of the largest in the industry, driving innovation in network management and orchestration solutions.
DZS (OTC: DZSI), a developer of Networking and Connectivity solutions, announced that CFO Misty Kawecki will step down at the end of September following the completion of the company's financial restatement. Brian Chesnut, appointed as Chief Accounting Officer in April 2024, has been named interim Chief Financial Officer.
The company recently completed its financial restatement and is now focusing on a new chapter leveraging advanced networking and connectivity solutions. DZS has also undergone significant changes, including the divestiture of its Asia business and the acquisition of NetComm, with its regional strategy now centered on North America, EMEA, and ANZ.
DZS (OTC: DZSI) has filed Q2 2024 financial results, marking a defining period for the company. Key highlights include:
- Orders increased 6% YoY to $38 million in Q2 2024
- Revenue remained flat at $31 million in Q2 2024
- GAAP gross margin improved to 33.6% in Q2 2024
- GAAP operating expenses decreased to $28 million in Q2 2024
- Net income: $23 million GAAP in Q2 2024
- Cash balance of $8 million at the end of Q2 2024
The company has divested its Asia business and acquired NetComm, focusing on optimizing cost structure and monetizing $75 million of paid inventory. DZS will host an earnings call on September 5, 2024, to discuss restated results and provide insights on recent developments.
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