ADTRAN Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 272.33 million compared to USD 340.71 million a year ago. Net loss was USD 72.74 million compared to USD 41.93 million a year ago. Basic loss per share from continuing operations was USD 0.93 compared to USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.93 compared to USD 0.57 a year ago.
For the nine months, revenue was USD 923.62 million compared to USD 667.27 million a year ago. Net loss was USD 140.53 million compared to USD 40.92 million a year ago. Basic loss per share from continuing operations was USD 1.79 compared to USD 0.72 a year ago. Diluted loss per share from continuing operations was USD 1.79 compared to USD 0.72 a year ago.