Ribbon Communications Inc. financial data

Symbol
RBBN on Nasdaq
Industry
Services-Computer Integrated Systems Design
Location
6500 Chase Oaks Boulevard, Plano, TX
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Sonus Networks, Inc. (to 11/28/2017), Solstice Sapphire Investments, Inc. (to 10/27/2017)
Latest financial report
10-Q - Q2 2024 - Jul 29, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 110 % -17.5%
Quick Ratio 21.3 % -5.08%
Debt-to-equity 158 % +5.09%
Return On Equity -12.4 % -4.11%
Return On Assets -4.82 % -1.05%
Operating Margin -2.94 % +50.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 175M shares +1.98%
Common Stock, Shares, Outstanding 174M shares +2.04%
Entity Public Float 199M USD -8.81%
Common Stock, Value, Issued 17K USD 0%
Weighted Average Number of Shares Outstanding, Basic 174M shares +2.17%
Weighted Average Number of Shares Outstanding, Diluted 174M shares +2.17%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 826M USD +0.8%
Revenue from Contract with Customer, Excluding Assessed Tax 802M USD -4.26%
Cost of Revenue 418M USD -0.14%
Research and Development Expense 181M USD -9.11%
Selling and Marketing Expense 136M USD -5.4%
General and Administrative Expense 56.7M USD +5.56%
Operating Income (Loss) 2.11M USD +70.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -44.8M USD +37.5%
Income Tax Expense (Benefit) 8.84M USD -72.3%
Net Income (Loss) Attributable to Parent -53.6M USD +7.13%
Earnings Per Share, Basic -0.32 USD/shares +11.1%
Earnings Per Share, Diluted -0.32 USD/shares +11.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 64.6M USD +86.3%
Accounts Receivable, after Allowance for Credit Loss, Current 211M USD -16.6%
Inventory, Net 79.2M USD +6.5%
Other Assets, Current 46.6M USD -20.9%
Assets, Current 404M USD -3.99%
Deferred Income Tax Assets, Net 69.8M USD +30%
Operating Lease, Right-of-Use Asset 33.9M USD -20%
Intangible Assets, Net (Excluding Goodwill) 212M USD -20.1%
Goodwill 301M USD 0%
Other Assets, Noncurrent 35.6M USD +25.4%
Assets 1.11B USD -5.29%
Accounts Payable, Current 64.3M USD -31.3%
Employee-related Liabilities, Current 34.5M USD +8.89%
Accrued Liabilities, Current 92.8M USD -4.89%
Contract with Customer, Liability, Current 99.5M USD -12.6%
Liabilities, Current 273M USD -21.1%
Contract with Customer, Liability, Noncurrent 16.6M USD -17%
Deferred Income Tax Liabilities, Net 5.62M USD +49.5%
Operating Lease, Liability, Noncurrent 34.9M USD -16.7%
Other Liabilities, Noncurrent 30.6M USD -0.13%
Liabilities 700M USD -1.76%
Accumulated Other Comprehensive Income (Loss), Net of Tax 7.83M USD -55.7%
Retained Earnings (Accumulated Deficit) -1.57B USD -3.54%
Stockholders' Equity Attributable to Parent 405M USD -10.8%
Liabilities and Equity 1.11B USD -5.29%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 13.1M USD +17.7%
Net Cash Provided by (Used in) Financing Activities -5.84M USD +80.6%
Net Cash Provided by (Used in) Investing Activities -2.66M USD -10.4%
Common Stock, Shares Authorized 240M shares 0%
Common Stock, Shares, Issued 174M shares +2.04%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 4.3M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 67.4M USD +94.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 6.32M USD +32.9%
Deferred Tax Assets, Valuation Allowance 489M USD +0.05%
Deferred Tax Assets, Gross 618M USD +0.19%
Operating Lease, Liability 47.2M USD -17.4%
Depreciation 13.8M USD -5.25%
Payments to Acquire Property, Plant, and Equipment 2.51M USD +4.14%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -63.5M USD +2.74%
Lessee, Operating Lease, Liability, to be Paid 56.6M USD -16.9%
Operating Lease, Liability, Current 12.3M USD -19.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 9.12M USD +0.07%
Lessee, Operating Lease, Liability, to be Paid, Year One 10.9M USD -36.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 9.4M USD -14.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.9M USD +6.36%
Deferred Tax Assets, Operating Loss Carryforwards 398M USD -3.8%
Preferred Stock, Shares Issued 0 shares -100%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 10.9M USD -8.91%
Lessee, Operating Lease, Liability, to be Paid, Year Four 6.44M USD -2.65%
Operating Lease, Payments 4.8M USD 0%
Preferred Stock, Shares Outstanding 0 shares -100%
Amortization of Intangible Assets 13.3M USD -9.53%
Deferred Tax Assets, Net of Valuation Allowance 129M USD +0.71%
Share-based Payment Arrangement, Expense 17.9M USD -18.9%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%