ADTRAN Holdings, Inc. reports preliminary fourth quarter and full-year 2024 financial results

　　ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its preliminary unaudited financial results for the fourth quarter and full-year ended December 31, 2024.

　　Revenue: $242.9 million, up 7% sequentially and above the mid-point of outlook.

　　Gross margin: GAAP gross margin: 37.6%; non-GAAP gross margin: 42.0%.

　　Operating margin: improved sequentially on a GAAP and non-GAAP basis, above the mid-point of outlook.

　　GAAP diluted loss per share of $0.58; non-GAAP diluted earnings per share $0.00.

　　Adtran Holdings’ Chairman and Chief executive Officer Tom Stanton stated, “Market conditions continued to improve during the fourth quarter driven by higher service provider spending, lower customer inventories, a continuing shift away from high-risk vendors, and the secular trend of increased fiber access and optical transport. The progress we made during the fourth quarter, including higher sequential and year-over-year revenue and operating margin, was supported by growth across geographies, most product lines, and the continued expansion of our customer base.”

　　Mr. Stanton added, “We finished 2024 with positive momentum in our business. Based on the current visibility and booking trends, we expect higher revenue in the first quarter of 2025, overcoming typical seasonality.”

　　Business outlook

　　For the first quarter of 2025, the Company expects revenue to be within a range of $237.5 million to $252.5 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.