Welcome to our dedicated page for Dzs news (Ticker: DZSI), a resource for investors and traders seeking the latest updates and insights on Dzs stock.
DZS Inc. (DZSI) is a global innovator in broadband networking and telecommunications infrastructure, delivering advanced solutions for service providers and enterprise networks worldwide. This page serves as the definitive resource for official company announcements and industry developments.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and technology innovations. Our curated collection ensures access to verified information directly from DZS and trusted sources.
Key content categories include financial performance disclosures, network infrastructure advancements, cloud software developments, and market expansion initiatives. All materials maintain editorial rigor to support informed decision-making.
Bookmark this page for streamlined access to DZS's evolving business narrative. Check back regularly for essential updates shaping the future of network connectivity solutions.
DZS (OTC: DZSI) has been selected by Rural Telecommunications America (RTA) to provide fiber access systems and Wi-Fi solutions for a major broadband project in Bastrop County, Texas. The project, funded by a $43 million BOOT II grant, will deliver gigFAST INTERNET® services to 10,471 unserved rural locations.
RTA will implement DZS Velocity fiber access systems and Helix connected edge Wi-Fi solutions to offer symmetrical gigabit services to residences and up to 100 gigabit services for businesses. The project leverages Build America, Buy America (BABA) certified solutions and builds upon RTA's previous successful collaboration with DZS in Texas' Bolivar Peninsula.
The deployment includes the DZS Velocity V2 access edge system supporting GPON to XGS-PON services, and DZS Helix 2466 home gateways featuring dual-band WiFi 6 capabilities.
DZS (OTC PINK:DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions, has announced its participation in the Dealflow Events MicroCap Conference 2025. The event will take place from January 28-30, 2025, at the Borgata Hotel Casino & Spa in Atlantic City, N.J.
Geoff Burke, Senior Vice President of Marketing and Investor Relations, will deliver two presentations: the first on January 29 at 5PM ET and the second on January 30 at 2PM ET. Burke will also be available for one-on-one meetings with registered investors during the conference. The presentation materials will be made accessible post-conference on the company's investor relations website.
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.
