EQS-News: ADTRAN Holdings Announces Preliminary Results for the Third Quarter of 2022
HUNTSVILLE, Ala. - (October 24, 2022) ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (ADTRAN Holdings or the Company) today announced certain preliminary financial results for the third quarter ended September 30, 2022.
- HUNTSVILLE, Ala. - (October 24, 2022) ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (ADTRAN Holdings or the Company) today announced certain preliminary financial results for the third quarter ended September 30, 2022.
- For the third quarter, preliminary revenues are $340.7 million, preliminary gross margin is 28.8%, preliminary nonGAAP gross margin is 38.1%, preliminary operating expenses are $142.1 million, preliminary nonGAAP operating expenses are $109.0 million, preliminary GAAP operating loss is $61.1 million, and preliminary non-GAAP operating income is $20.9 million.
- Final results for the three- and nine-month periods ended September 30, 2022 will be released as planned on November 8, 2022 (CET).
- ADTRAN Holdings, Inc. is the parent company of ADTRAN, Inc., a wholly owned subsidiary and a leading global provider of open, disaggregated networking and communications solutions.