NASDAQ$RBBN

Ribbon Communications Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

RBBN Q1 2024 — $48.0M revenue, 31.00 EPS

All statements other than statements of historical facts contained in this report, including statements regarding impacts from the war in Israel, our future expenses and restructuring activities, resu. Ribbon Communications Inc reported Q1 2024 results. Diluted EPS came in at $31.00. Net income of $30K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $48.0M.
  • Diluted EPS: $31.00.
  • Net income: $30K.
  • Operating income: $13.5M.
  • Gross profit: $92K.

Headline financials

Total Revenue

$180M

Previous: $186M-3.5%
EPS

-$0.18

Previous: -$0.23+21.7%
Capital Expenditures

-$2.51M

Previous: -$2.41M-4.1%
Free Cash Flow

-$32.9M

Previous: -$40.7M+19.3%
Net Income

-$30.4M

Previous: -$38.3M+20.7%
Operating Income

-$13.5M

Previous: -$35.2M+61.7%
Gross Profit

$92M

Previous: $81.4M+13.0%
Cash & Equivalents

$30.9M

Previous: $45.9M-32.6%
Total Assets

$1.08B

Previous: $1.19B-9.5%

Revenue & EPS history

Ribbon · Revenue · Quarterly

$180M

Q1 2024-3.5%vs Q1 2023
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-2.6%

Avg return

Earnings day

-4.3%

Avg return

5 days after

-1.9%

Avg return

30 days after

41%

11 / 27 earnings

Positive

+20.4%

Q3 2018

Best reaction

-27.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.5%+2.7%+18.1%
Q4 2025-27.9%-27.6%-21.0%
Q3 2025-13.7%-13.5%-31.3%
Q2 2025-2.0%-6.1%-3.3%
Q1 2025-14.4%-15.7%-9.9%
Q3 2024+8.2%+6.4%+13.7%
Q2 2024+0.6%-8.3%+3.1%
Q1 2024+1.9%+0.0%-8.6%
Q3 2023+2.6%-1.1%+11.6%
Q2 2023-4.9%-7.0%-19.8%
Q1 2023-0.4%+1.6%+7.8%
Q3 2022-2.9%-10.4%-7.2%
Q2 2022-9.1%-8.8%-2.8%
Q1 2022+1.0%+2.0%-6.3%
Q3 2021-9.2%-1.0%-4.4%
Q2 2021+0.0%-2.8%-3.8%
Q1 2021-5.9%-9.2%+3.8%
Q3 2020+11.7%+10.6%+69.2%
Q2 2020-2.1%-6.3%-17.3%
Q1 2020+2.5%-7.8%+25.8%
Q3 2019-21.7%-20.8%-46.5%
Q2 2019+3.7%+9.3%+5.1%
Q1 2019-0.7%-11.6%-20.3%
Q3 2018+20.4%+18.8%-5.5%
Q2 2018+2.5%+2.4%+1.9%
Q1 2018+1.2%+2.4%+4.0%
Q3 2017-2.6%-15.1%-6.5%

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