Ribbon Communications (RBBN) Tops Q1 EPS by 2c, Beats on Revenues

Ribbon Communications (NASDAQ: RBBN) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $135.3 million versus the consensus estimate of $125.32 million.

First Quarter 2018 Financial Highlights1,2

• GAAP total revenue was $121.2 million, compared to $53.4 million in the first quarter of 2017.
• Non-GAAP total revenue was $135.3 million, compared to $53.4 million in the first quarter of 2017.
• GAAP net loss was $44.9 million, compared to $10.6 million in the first quarter of 2017.
• Non-GAAP net loss was $4.0 million, compared to $4.5 million in the first quarter of 2017.
• GAAP loss per share was $0.44, compared to $0.22 in the first quarter of 2017.
• Non-GAAP loss per share was $0.04, compared to $0.09 in the first quarter of 2017.
• Non-GAAP Adjusted EBITDA was $1.0 million, compared to negative $2.8 million in the first quarter of 2017.
• Cash and investments were $84.5 million at the end of the first quarter of 2018, compared to $83.3 million at the end of the fourth quarter of 2017.

For earnings history and earnings-related data on Ribbon Communications (RBBN) click here.

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