Ribbon Communications Inc

For the period ended Mar 31, 2024. Filed May 15, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

RBBN$1.44+6.7%Stored close · as of Nov 9, 2026

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Contents

Financial Statements Condensed Consolidated Balance Sheets as of and December 31, 202 (unaudited)

Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	March 31,2024	December 31,2023
Assets
Current assets:
Cash and cash equivalents	$30,931	$26,630
Accounts receivable, net	212,498	268,421
Inventory	80,758	77,521
Other current assets	44,943	46,146
Total current assets	369,130	418,718
Property and equipment, net	40,758	41,820
Intangible assets, net	224,880	238,087
Goodwill	300,892	300,892
Deferred income taxes	72,438	69,761
Operating lease right-of-use assets	37,110	39,783
Other assets	33,252	35,092
	$1,078,460	$1,144,153
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of term debt	$228,168	$35,102
Accounts payable	66,847	85,164
Accrued expenses and other	84,491	91,687
Operating lease liabilities	14,213	15,739
Deferred revenue	110,596	113,381
Total current liabilities	504,315	341,073
Long-term debt, net of current	—	197,482
Warrant liability	5,927	5,295
Preferred stock liability, $0.01 par value per share; 10,000,000 shares authorized, 55,000 shares issued and outstanding ($56,650 liquidation preference)	56,204	53,337
Operating lease liabilities, net of current	36,768	38,711
Deferred revenue, net of current	14,019	19,218
Deferred income taxes	5,616	5,616
Other long-term liabilities	30,953	30,658
Total liabilities	653,802	691,390
Commitments and contingencies (Note 19)
Stockholders' equity:
Common stock, $0.0001 par value per share; 240,000,000 shares authorized; 172,714,429 shares issued and outstanding at March 31, 2024; 172,083,667 shares issued and outstanding at December 31, 2023	17	17
Additional paid-in capital	1,962,602	1,958,909
Accumulated deficit	(1,550,311)	(1,519,950)
Accumulated other comprehensive income	12,350	13,787
Total stockholders' equity	424,658	452,763
	$1,078,460	$1,144,153

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.