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Sep 30, 2021
ADTRAN Q3 2021 Earnings Report
Announced earnings for the third quarter of 2021.
Key Takeaways
ADTRAN reported a revenue of $138.1 million for Q3 2021. The company experienced a net loss of $10.4 million, with a loss per share of $0.21. However, non-GAAP net loss was $0.8 million, and non-GAAP earnings per share resulted in a loss of $0.02.
Experienced unprecedented demand with record-setting Q3 bookings, up 43% year-over-year.
Continued to add new customers, including three new Tier 1 operators since the beginning of the third quarter.
Achieved a 61% year-over-year growth rate in customers deploying SaaS applications.
Announced proposed combination with ADVA, expecting synergies in customer base and product portfolio.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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