Ribbon Communications Inc. financial data

Symbol
RBBN on Nasdaq
Industry
Services-Computer Integrated Systems Design
Location
6500 Chase Oaks Boulevard, Plano, Texas
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
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 105 % -20.5%
Quick Ratio 20 % -8.06%
Debt-to-equity 154 % +0.2%
Return On Equity -13.1 % +4.58%
Return On Assets -5.17 % +4.61%
Operating Margin -2.94 % +50.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 172 M shares +1.91%
Common Stock, Shares, Outstanding 173 M shares +2.06%
Entity Public Float 199 M USD -8.81%
Common Stock, Value, Issued 17 K USD 0%
Weighted Average Number of Shares Outstanding, Basic 172 M shares +2.31%
Weighted Average Number of Shares Outstanding, Diluted 172 M shares +2.31%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 826 M USD +0.8%
Revenue from Contract with Customer, Excluding Assessed Tax 820 M USD -1.55%
Cost of Revenue 418 M USD -0.14%
Research and Development Expense 185 M USD -8.49%
Selling and Marketing Expense 137 M USD -6.03%
General and Administrative Expense 56.1 M USD +7.41%
Operating Income (Loss) -2.58 M USD +94.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -45.5 M USD +41.3%
Income Tax Expense (Benefit) 12.7 M USD +130%
Net Income (Loss) Attributable to Parent -58.3 M USD +12.3%
Earnings Per Share, Basic -0.35 USD/shares +18.6%
Earnings Per Share, Diluted -0.35 USD/shares +18.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 30.9 M USD -32.6%
Accounts Receivable, after Allowance for Credit Loss, Current 212 M USD -16.7%
Inventory, Net 80.8 M USD +6.77%
Other Assets, Current 44.9 M USD -14.9%
Assets, Current 369 M USD -14.1%
Deferred Income Tax Assets, Net 69.8 M USD +30%
Operating Lease, Right-of-Use Asset 37.1 M USD -14.5%
Intangible Assets, Net (Excluding Goodwill) 225 M USD -19.7%
Goodwill 301 M USD 0%
Other Assets, Noncurrent 33.3 M USD +17.2%
Assets 1.08 B USD -9.5%
Accounts Payable, Current 66.8 M USD -20.4%
Employee-related Liabilities, Current 29.5 M USD +7.61%
Accrued Liabilities, Current 84.5 M USD -17.2%
Contract with Customer, Liability, Current 111 M USD -9.17%
Liabilities, Current 504 M USD +47.1%
Contract with Customer, Liability, Noncurrent 14 M USD -23.6%
Deferred Income Tax Liabilities, Net 5.62 M USD +49.5%
Operating Lease, Liability, Noncurrent 36.8 M USD -15.2%
Other Liabilities, Noncurrent 31 M USD -1.23%
Liabilities 654 M USD -9.03%
Accumulated Other Comprehensive Income (Loss), Net of Tax 12.4 M USD -36.5%
Retained Earnings (Accumulated Deficit) -1.55 B USD -3.91%
Stockholders' Equity Attributable to Parent 425 M USD -10.2%
Liabilities and Equity 1.08 B USD -9.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 13.1 M USD +17.7%
Net Cash Provided by (Used in) Financing Activities -5.84 M USD +80.6%
Net Cash Provided by (Used in) Investing Activities -2.66 M USD -10.4%
Common Stock, Shares Authorized 240 M shares 0%
Common Stock, Shares, Issued 173 M shares +2.06%
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 4.3 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 30.9 M USD -32.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 6.32 M USD +32.9%
Deferred Tax Assets, Valuation Allowance 489 M USD +0.05%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 618 M USD +0.19%
Operating Lease, Liability 51 M USD -12.6%
Depreciation 14 M USD -6.24%
Payments to Acquire Property, Plant, and Equipment 2.51 M USD +4.14%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -65.3 M USD +5.75%
Lessee, Operating Lease, Liability, to be Paid 61.2 M USD -12.3%
Operating Lease, Liability, Current 14.2 M USD -5.08%
Lessee, Operating Lease, Liability, to be Paid, Year Two 9.02 M USD +5.34%
Lessee, Operating Lease, Liability, to be Paid, Year One 10.8 M USD -30.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +17%
Deferred Income Tax Expense (Benefit) -9.2 M USD +49.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 10.2 M USD -10.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.86 M USD +9.84%
Deferred Tax Assets, Operating Loss Carryforwards 398 M USD -3.8%
Preferred Stock, Shares Issued 55 K shares 0%
Deferred Federal Income Tax Expense (Benefit) -10.4 M USD -0.81%
Current Income Tax Expense (Benefit) 20 M USD +436%
Preferred Stock, Shares Authorized 10 M shares 0%
Unrecognized Tax Benefits 10.9 M USD -8.91%
Lessee, Operating Lease, Liability, to be Paid, Year Four 6.45 M USD +0.3%
Operating Lease, Payments 4.8 M USD 0%
Preferred Stock, Shares Outstanding 55 K shares 0%
Current State and Local Tax Expense (Benefit) 2.79 M USD +8.43%
Current Federal Tax Expense (Benefit) 9.93 M USD
Amortization of Intangible Assets 13.3 M USD -9.53%
Deferred Tax Assets, Net of Valuation Allowance 129 M USD +0.71%
Share-based Payment Arrangement, Expense 20.5 M USD +0.89%
Deferred State and Local Income Tax Expense (Benefit) -1.06 M USD +73.8%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%