Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Ribbon Communications Inc. (RBBN)
Last ribbon communications inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
Revenue for the third quarter of 2024 was $210 million , compared to $203 million for the third quarter of 2023 and $193 million for the second quarter of 2024. GAAP Loss from Operations was ( $1 million ) while Non-GAAP Adjusted EBITDA improved to $30 million , or 14% of sales, in the third quarter 2024. GAAP and Non-GAAP Gross Margins were strong at 52% and 55%, respectively. "I am very pleased with our financial performance in the third quarter with overall sales growing 3.5% year over year, led by strong growth in our Cloud & Edge secure communications business. Gross Margin exceeded expectations with a positive mix of product sales and good execution from our Professional Services team, resulting in profitability at the high end of our guidance range," stated Bruce McClelland , President and Chief Executive Officer of Ribbon Communications. Mr. McClelland added, "We expect this momentum to continue into the fourth quarter and into 2025 as we continue to ramp voice modernizat
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RBBN
Earnings
- 10/23/24 - Beat
RBBN
Sec Filings
- 11/4/24 - Form 3
- 10/28/24 - Form S-8
- 10/24/24 - Form 10-Q
- RBBN's page on the SEC website