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Mar 31, 2022
ADTRAN Q1 2022 Earnings Report
ADTRAN reported a net loss for Q1 2022, but experienced revenue growth and strong demand for its solutions.
Key Takeaways
ADTRAN announced its financial results for the first quarter of 2022, reporting a revenue of $154.5 million. The company experienced a net loss of $1.1 million, with a loss per share of $0.02. However, non-GAAP net income was $9.9 million, with non-GAAP earnings per share of $0.20. The company saw significant year-over-year revenue growth, driven by strong demand for its fiber access, connected home, and cloud software solutions.
Revenue increased by 21% year-over-year.
Fiber access platforms grew by 61% year-over-year.
The company experienced strong order bookings.
A quarterly cash dividend of $0.09 per common share was declared.
Revenue by Segment
Forward Guidance
ADTRAN's outlook is optimistic due to continued success with fiber footprint capture, customer diversification, and the portfolio synergies offered by the announced ADVA combination.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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