Adtran Holdings Inc (OQ:ADTN)
Business Focus: Communications & Networking
| Sector: Technology | Industry: Communications & Networking |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 901 Explorer Boulevard HUNTSVILLE AL 35806-2807 |
| Tel: | N/A |
| Website: | https://acorn-offer.com |
| IR: | See website |
| Key People | ||
| Thomas R. Stanton Chairman of the Board, Chief Executive Officer | Brian Protiva Vice Chairman of the Board | Christoph Glingener Chief Executive Officer of ADVA Optical Networking SE |
| Ronald David Centis Senior Vice President - Operations | Raymond Harris Chief Information Officer | James Denson Wilson Chief Revenue Officer |
| Business Overview |
| ADTRAN Holdings, Inc. is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates through two segments: Network Solutions segment, which includes hardware and software products, and Services & Support segment, which includes a portfolio of network design and implementation services, support services and cloud-hosted software-as-a-service (SaaS) applications. The two segments span across Subscriber Solutions, Access & Aggregation Solutions, and Optical Networking Solutions. Its Subscriber Solutions portfolio is used by service providers to terminate their access services infrastructure at the customer's premises. Access & Aggregation Solutions are solutions that are used by communications service providers to connect subscribers. Optical Networking Solutions are used by communications service providers, Internet content providers and large enterprises to securely interconnect metro and regional networks over fiber. |
| Financial Overview |
| For the three months ended 31 March 2024, Adtran Holdings Inc revenues decreased 30% to $226.2M. Net loss increased from $40.1M to $324.6M. Revenues reflect Network Solutions decrease of 36% to $181.3M. Higher net loss reflects Goodwill Impairment increase from $0K to $292.6M (expense), Network Solutions - inventory write-down increase from $0K to $8.8M (expense), Interest expense increase of 40% to $4.6M (expense). |
| Employees: | 3,227 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $526.55M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,051M as of Mar 31, 2024 |
| EBITDA (TTM): | -$8.61M as of Mar 31, 2024 |
| Net annual income (TTM): | -$557.77M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$51.30M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $88.24M as of Mar 31, 2024 |
| Shares outstanding: | 79,116,535 as of Apr 30, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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