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Stock impact report

DASAN Zhone Solutions Reports Strong Second Quarter 2019 Financial Results

DASAN Zhone Solutions, Inc (DZSI)  More Company Research Source: GlobeNewswire
Last dasan zhone solutions, inc earnings: 8/13 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: dasanzhone.com/about/investor-relations
PDF OAKLAND, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) -- DASAN Zhone Solutions, Inc. (NASDAQ: DZSI or the "Company" or “DZS”), a global provider of ultra-broadband network access solutions and communications platforms deployed by advanced Tier 1, 2 and 3 service providers and enterprise customers, today reported second quarter results for the period ended June 30, 2019. Second Quarter 2019 Financial Performance:Non-GAAP financial measures are reconciled to the most comparable GAAP measures in the tables set forth at the end of this press release.  Q2 2019 Guidance(provided on May 9, 2019)Net Revenue% increase vs Prior Year (Q2 2018)$83.7 million9.7% $82.5 - $86.0 million8% - 13%GAAP Gross Margin %33.2% 32.5% - 33.5%Non-GAAP Gross Margin % (1)34.2% Not applicableGAAP Operating Expenses$24.8 million(29.7% of net revenue) Not applicableNon-GAAP Adjusted Operating Expenses (2)$23.3 million(27.8% of net revenue) $24.5 - $26.0 million(~30% of net revenue)GAAP Net Income (attributable to DZSI) [Read more]
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