Reports preliminary Q4 revenue $358.3M, consensus $366.69M. Adtran Holdings chairman and CEO Tom Stanton stated, "Fourth quarter revenue was in the lower side of our guidance range at $358.3 million, as strength in optical networking solutions helped to offset delays in new product introductions. The supply environment has improved year-over-year, which had a positive effect on our gross margins. We also expect supply bottlenecks to continue to alleviate during 2023. Our strong growth in the EMEA region underlines our increased global presence with greater customer diversity as we move into an unprecedented network upgrade cycle."
Published first on TheFly
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