Dasan Zhone Q3 revenue grows 8%, raises full-year revenue guidance

Friday 9 November 2018 | 14:47 CET | News
Dasan Zhone Solutions posted third-quarter revenue of USD 71.9 million, which represents an increase of 8.2 percent year-over-year. The company also provided its outlook for the three months ending 31 December 2018, including increased revenue guidance and introduced additional guidance for the full year ending 31 December 2018.

Third-quarter GAAP net income for the third quarter amounted to USD 1.8 million, or USD 0.11 per diluted share, as compared to a net income of USD 1.4 million, or USD 0.09 per diluted share for the third quarter of 2017. Non-GAAP adjusted EBITDA for the quarter was USD 4.4 million and non-GAAP adjusted EBITDA margin was 6.1 percent, which exceeded the company’s adjusted EBITDA guidance of between USD 2.4 million to USD 3.7 million. The company ended September 2018 with total cash and cash equivalents (excluding restricted cash) of USD 20 million, compared to USD 17.5 million in December 2017.

For the fourth quarter of 2018, Dasan Zhone targets revenue of USD 74 million to USD 78 million, GAAP gross margin of 32 percent to 33 percent, and adjusted operating expenses of USD 21-22 million for an implied adjusted EBITDA range of USD 3 million to USD 4 million.

The company increased its full-year 2018 revenue guidance from USD 282 million to USD 286 million, which represents 14 percent to 16 percent year-on-year growth, as compared to prior revenue guidance provided on 9 August 2018 of USD 280 million to USD 285 million, which represents 13 percent to 15 percent year-on-year growth. The company also targets full-year 2018 adjusted EBITDA greater than USD 11.5 million.

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Categories: Internet / Mobile & Wireless
Companies: Dasan Zhone Solutions
Countries: World
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