ADTRAN Holdings, Inc. announced financial results for the second quarter of 2022, with revenue reaching $172.0 million. The company reported a net income of $2.1 million, with earnings per share at $0.04. Non-GAAP net income was $9.7 million, and non-GAAP earnings per share was $0.19.
Revenue for the quarter was $172.0 million.
Net income for the second quarter of 2022 was $2.1 million and earnings per share was $0.04.
Non-GAAP net income was $9.7 million and non-GAAP earnings per share was $0.19.
Company declared a quarterly cash dividend of $0.09 per common share.
Company is moving forward with the integration of ADVA, which will strengthen the overall solution portfolio and provide the resources necessary to maximize success in the investment cycle in fiber networks.
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