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Overview
DZS Inc. (DZSI) is a global provider specializing in network access solutions, optical networking, and cloud software management systems. The company offers a comprehensive suite of broadband products including customer premise equipment for digital subscriber lines, ethernet access demarcation devices, and advanced optical network terminals designed for GPON and 10G point-to-point active ethernet environments. Its offerings incorporate industry-specific technologies such as coherent optics and AI-driven cloud software solutions, serving a wide array of service providers and enterprise networks across North America, Latin America, Europe, the Middle East, Africa, Korea, and Asia Pacific regions.
Products and Technologies
DZS has developed an extensive product portfolio that caters to both last-mile broadband access and central office networking. The company’s solutions include:
- Broadband Access Products: Customer premise equipment like DSL modems, ethernet demarcation devices, and optical network terminals.
- Central Office Equipment: Broadband loop carriers, DSL access multiplexers (DSLAMs), and optical line terminals designed for passive optical networks.
- Advanced Optical Networking: Integration of technologies such as gigabit passive optical networks and point-to-point active ethernet which are essential for achieving high capacity, low latency, and cost-effective network infrastructures.
- Innovative Mobile and Enterprise Solutions: Compact and environmentally hardened solutions exemplified in products like the Saber 2200, which supports coherent optics and integrates low latency Layer 2 switching to address the dynamic transport bandwidth requirements for 4G, 5G, hybrid, and enterprise networks.
- Cloud Software and AI Solutions: Software-defined networking and AI-driven cloud management systems that facilitate efficient network operation and intelligent connectivity solutions at the network edge.
Global Operations and Market Position
DZS operates on a global scale, delivering its solutions to a diverse customer base that spans established telecommunications markets and emerging regions. The company’s strategic focus on integrating broadband networking hardware with cloud-based software solutions has positioned it as a key player in environments that demand agility, scalability, and technical sophistication.
Business Model and Revenue Generation
The business model of DZS revolves around the design, manufacture, and sale of high-performance network access and optical connectivity equipment. Revenue is generated through direct sales, long-term service contracts, and licensing of its innovative software platforms. The company’s approach is characterized by continued investment in research and development, ensuring that its product and technology offerings remain at the forefront of the telecommunications industry. This commitment has facilitated partnerships, strategic acquisitions, and technology integration efforts that have broadened its market reach and enhanced its technical capabilities.
Industry Dynamics and Competitive Differentiation
DZS differentiates itself by combining robust hardware solutions with cloud software management, addressing complex network needs with methodologies that emphasize low latency, energy efficiency, and scalability. Its portfolio is designed to meet the evolving demands of modern broadband networks, particularly in environments where the rapid deployment of 4G/5G and beyond is critical. By integrating advanced features such as coherent optical support, eCPRI/CPRI transport, and Grand Master Timing capabilities, DZS not only provides high quality connectivity but also creates efficiencies that enable cost-effective network expansions. This technical depth and strategic positioning serve as key differentiators in a competitive telecommunications landscape that features several established players.
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.
DZS (OTC: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions, has announced it will host an earnings call on Thursday, September 5, 2024, at 11:00 a.m. EDT. The call will discuss financial results for all of 2022, 2023, and the first and second quarters of 2024. This comprehensive earnings call suggests that DZS is catching up on financial reporting, potentially addressing previous delays or issues. Investors and analysts can join via a toll-free number or webcast. The announcement of multiple years' results in one call is unusual and may indicate significant developments or changes in the company's financial situation.
DZS (OTC: DZSI) has filed its Q1 2024 financial results, marking the completion of restatements for 2022 and 2023. The company has divested its low-margin Asia business, acquired NetComm's business, and raised approximately $40 million in the first half of 2024. DZS reported a 33% reduction in operating expenses in Q1 2024 compared to 2022 and has $102 million in scheduled backlog. The company is focusing on converting $31.8 million of paid inventory to cash and capitalizing on its sales pipeline. DZS noted an industry-wide pause in capital investments due to inventory over-rotation and delays in government broadband stimulus programs. The company is now current with SEC filings through Q1 2024 and plans to host an earnings call to discuss restated results after releasing Q2 2024 financials.
DZS (OTC: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions, has completed the restatement of its financial results for 2022 and Q1 2023, and filed reports for the remaining periods in 2023. The company is now current with its SEC filings through 2023. Despite facing market challenges in 2023, DZS advanced its technology and accelerated customer trials. The restatement resulted in $17 million of revenue from 2022 being deferred, while in 2023, $200K of previously-deferred revenue was recognized. As of December 31, 2023, DZS had a cash balance of $21 million and approximately $75 million in inventory. The company is focusing on advancing its broadband portfolio, implementing AI and security, and optimizing operational costs.
DZS (Nasdaq: DZSI) has received a delisting notice from Nasdaq due to failure to meet the August 5, 2024 deadline for regaining compliance with periodic filing obligations. Trading of DZS common stock will be suspended on August 8, 2024. The company is working to complete restatements and file delayed reports, including Quarterly Reports for Q2, Q3 2023, and Q1 2024, as well as the 2023 Annual Report. DZS plans to apply for relisting on Nasdaq once filings are complete, but success is not guaranteed. In the interim, DZS expects its shares to trade over-the-counter under the DZSI ticker. The company cites the impact of its recently divested Asia business and acquisition of NetComm as factors in the delay. DZS plans to host an earnings call after filing all restated and delayed reports, including Q2 2024.
DZS (Nasdaq: DZSI) announces a breakthrough in optical transport technology with remote in-band management capabilities for 100G/400G on its Saber 4400 platform. This innovation will be showcased at Fiber Connect 2024 in Nashville. The new feature enables efficient management of QSFP-DD DCO optics, eliminating the need for dedicated fiber or channels for management.
Key benefits include:
- Reduced space and power requirements
- Improved time-to-market and flexibility
- Cost-effective deployment of high-speed transport at the network edge
- Compatibility with DZS Xtreme Transport Cloud Manager for remote management
This advancement addresses challenges in deploying coherent optics in remote locations, potentially revolutionizing edge transport economics for service providers.
DZS (Nasdaq: DZSI) has completed its acquisition of NetComm Wireless, enhancing its portfolio with comprehensive broadband networking, connectivity, and cloud software solutions. This strategic move expands DZS's market reach across the Americas, Europe, Middle East, Africa, and Australia/New Zealand. The acquisition brings new technologies such as WiFi 6/6E/7, 4G/5G Fixed Wireless Access (FWA), and Industrial Internet of Things (IIoT) solutions, strengthening DZS's position in the broadband market. EdgeCo , an investment firm, has increased its support for DZS, aligning with the company's growth strategy. The integration is expected to benefit service providers and enterprise customers with a robust, flexible, and intelligent broadband portfolio.
DZS (Nasdaq: DZSI), a leader in Network Edge, Home/Enterprise Connectivity, and Cloud Software solutions, announced that their client, Tachus Fiber Internet, received top accolades for broadband service in the Southwestern U.S. from OPENSIGNAL. Tachus was awarded for providing superior broadband quality, video experience, and download/upload speeds.
Additionally, Tachus won the 2024 Cornerstone Award for 'Best Local Provider of the Year' from Broadband Communities. Tachus now serves over 45,000 residential and SMB subscribers across a 150,000-home footprint. The company attributes its success to DZS's advanced technology, including the DZS Velocity V16 systems and Helix ONTs, which enhance broadband speed and reliability.
CEO Hal Brumfield emphasized the importance of DZS's technology in achieving these milestones and plans to leverage DZS's innovations for future growth. DZS's Chief Customer Officer, Scott St. John, praised Tachus's commitment to technological excellence.
DZS announced it received a delinquency notification from Nasdaq on May 14, 2024, for failing to file its quarterly report for Q1 2024 on time. This notification has no immediate effect on the listing or trading of its stock. The company had previously failed to file quarterly and annual reports for periods ending June 30, 2023, September 30, 2023, and December 31, 2023. DZS has submitted a plan to regain compliance and aims to file all outstanding reports by August 5, 2024. The company is diligently working to complete these filings and meet Nasdaq's continued listing requirements.
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