ADTRAN Holdings: Fourth Quarter Earnings Overview

ADTRAN Holdings Announces Fourth Quarter Financial Results

ADTRAN Holdings, headquartered in Huntsville, Alabama, disclosed a net loss of $3.6 million for its fourth quarter.

The company reported a loss of $0.02 per share. After adjusting for merger-related expenses and stock-based compensation, earnings amounted to $0.16 per share.

During the quarter, the networking equipment manufacturer generated $291.6 million in revenue.

For the full fiscal year, ADTRAN Holdings reduced its net loss to $45.7 million, or $0.52 per share, with total revenue reaching $1.08 billion.

Looking ahead to the quarter ending in March, the company anticipates revenue between $275 million and $295 million.

Since the start of the year, ADTRAN Holdings' stock has risen by 23%. Over the past twelve months, shares have gained just over 2%.