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Dec 31, 2021
ADTRAN Q4 2021 Earnings Report
ADTRAN reported a net loss for Q4 2021, but experienced record bookings and growth in strategic segments.
Key Takeaways
ADTRAN announced financial results for the fourth quarter of 2021, with revenue of $154.2 million. The company reported a net loss of $4.2 million, with a loss per share of $0.09. However, non-GAAP net income was $4.7 million, with non-GAAP earnings per share of $0.10. The company experienced record bookings and growth in fiber access and residential Wi-Fi platforms.
Revenue for Q4 2021 was $154.2 million.
Net loss for Q4 2021 was $4.2 million, with a loss per share of $0.09.
Non-GAAP net income was $4.7 million, with non-GAAP earnings per share of $0.10.
Record bookings were achieved, along with record product revenue for fiber access and residential Wi-Fi platforms.
Revenue by Segment
Forward Guidance
Company expects continued growth.
Positive Outlook
- Unprecedented demand for solutions.
- Record-setting quarter for bookings.
- Record product revenue for fiber access platforms, up 48% year-over-year.
- Record product revenue for residential Wi-Fi platforms, up 72% year-over-year.
- Success in customer diversification with a diverse mix of large and small service providers in the U.S. and Europe.
Challenges Ahead
- Risks related to the continued impact of the SARS-CoV-2 coronavirus/COVID-19 global pandemic
- Risks and uncertainties related to the anticipated business combination between the Company and ADVA Optical Networking SE
- Risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products
- Risk posed by potential breaches of information systems and cyber-attacks
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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