财务数据 - 公司第三季度收入为49,448,000美元，同比下降50.0%[121] - 前三季度收入为179,608,000美元，同比下降29.2%[124] - 2023年第三季度公司总收入为49.4百万美元，同比下降50.0%[129] - 2023年前三季度总收入为179.6百万美元，同比下降29.2%[129] 毛利率 - 第三季度毛利率为4%，同比下降28个百分点[121] - 前三季度毛利率为23%，同比下降9个百分点[124] - 2023年第三季度毛利率为3.9%，同比下降28.5个百分点[131] - 2023年前三季度毛利率为23.0%，同比下降8.8个百分点[131] 研发费用 - 第三季度研发费用为12,767,000美元，同比下降17.6%[121] - 前三季度研发费用为42,660,000美元，同比增长7.5%[124] - 2023年第三季度研发费用下降17.6%至12.8百万美元[132] - 2023年前三季度研发费用增加7.5%至42.7百万美元[132] 销售及管理费用 - 第三季度销售及管理费用为22,096,000美元，同比下降6.8%[121] - 前三季度销售及管理费用为69,946,000美元，同比增长12.9%[124] - 2023年第三季度销售及管理费用下降6.8%至22.1百万美元[133] - 2023年前三季度销售及管理费用增加12.9%至69.9百万美元[133] 现金及营运资金 - 2023年9月30日公司现金及现金等价物为4.3百万美元，较2022年12月31日下降87.5%[135] - 2023年9月30日公司营运资金为48.1百万美元，较2022年12月31日下降46.4%[135] - 公司截至2023年9月30日的现金、现金等价物和受限现金总计为5.2百万美元,其中4.7百万美元由国际子公司持有[140] 融资活动 - 公司在截至2023年9月30日的9个月内,融资活动产生的净现金为6.6百万美元,主要包括从关联方贷款收到的净收益24.2百万美元,短期借款收到11.5百万美元,部分被偿还JPM信贷融资4.3百万美元所抵消[139] - 公司截至2023年9月30日的债务包括29.3百万美元的DNI贷款协议下的长期债务,以及11.1百万美元的短期融资安排债务[141] - 未来债务义务包括预定的本金偿还和相关利息支付,利息可能会根据市场利率变化而变动[145] 其他 - 公司2017年税改法案要求自2021年12月31日后开始的纳税年度,研发支出必须资本化,这将加速公司在美国的净经营亏损的利用和成为纳税主体的时间[142] - 公司未来最低经营租赁义务主要包括办公地点和研发生产场所的租赁,将于2028年到期[143] - 公司可能存在一些短期采购承诺,可以在一定范围内取消、推迟或调整[144] - 公司未来现金需求主要包括经营租赁付款、存货采购承诺以及偿还债务本金和利息,此外还可能为客户提供信贷融资[142]

财务表现 - 公司第二季度收入为6,034.8万美元，同比下降27.2%[118] - 第二季度毛利率为28%，与去年同期持平[118] - 研发费用为1,504.2万美元，同比增加21.8%[118] - 销售及管理费用为2,306.9万美元，同比增加12.5%[118] - 第二季度营业亏损为2,356.1万美元，同比增加126.6%[118] - 上半年收入为13,016.0万美元，同比下降16.0%[124] - 上半年毛利率为30%，同比下降1个百分点[124] - 上半年研发费用为2,989.3万美元，同比增加23.6%[124] - 上半年销售及管理费用为4,785.0万美元，同比增加25.1%[124] - 上半年营业亏损为4,612.2万美元，同比增加201.0%[124] - 总成本下降27.3%,毛利率为28.1%,与去年同期持平[130] - 研发费用增加21.8%,销售及管理费用增加12.5%,主要由于ASSIA收购[131] 收入结构 - 公司收入中,接入网络基础设施产品收入下降35.4%,云软件和服务收入增加[127] - 按地区看,美洲和亚洲地区收入下降,欧洲中东非洲地区收入增加[128] 现金流和流动性 - 公司现金及现金等价物为9.7百万美元,营运资金为48.6百万美元[134] - 公司正采取措施提高盈利能力和流动性,包括降低成本和现金流出[136] - 公司相信现有现金及营运资金足以满足未来12个月的流动性需求[136] - 公司经营活动产生的现金流出增加5.0百万美元,主要由于费用增加[137] 债务和承诺 - 公司债务包括2.34亿美元的定期贷款和1.1亿美元的循环信贷[141] - 公司主要的固定现金支出包括经营租赁付款、存货采购承诺以及债务本金和利息支付[142] - 公司可能会向客户提供或承诺提供信贷或信用支持,这可能会限制公司用于其他用途的资本[142] - 公司目前没有重大的资本支出承诺或其他重大承诺,除了经营租赁、存货采购承诺和债务[142] - 公司未来最低经营租赁义务主要包括办公地点、制造、研发场所的租赁,将于2028年到期[143] - 公司可能存在短期采购承诺,主要是日常业务中的产品和服务采购订单,在某些情况下公司可以取消、推迟或调整这些订单[144] - 未来债务义务包括预定的本金偿还和相关利息支付,利息可能会根据市场利率变化而变化[145] 税收影响 - 2017年税收减免与就业法案要求2021年12月31日之后开始的纳税年度将所有研发成本资本化,这将加快公司在美国的净经营亏损的利用和成为纳税实体的时间[142] 应收账款风险 - 公司应收账款存在信用集中风险,因为在任何时间点,应收账款余额中通常由相对较少的客户账户余额构成,截至2023年6月30日,没有客户占净应收账款的10%以上,美国以外国家的客户占79%[142]

DALLAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere, announced today, as expected, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearing Panel (“the Panel”) has determined to delist the common stock of the Company from Nasdaq (the “Decision”). The Decision indicates that the Company failed to meet the August 5, 2024, deadline to regain complianc ...

DALLAS and NASHVILLE, Tenn., July 29, 2024 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere, today announced another milestone in its mission to revolutionize the business case for coherent optics deployment at the network edge. The company will demonstrate what it believes is the world’s first remote in-band management capabilities for next-generation 100G/400G optical transport on its industry-leading Saber ...

SAN JOSE, Calif., June 17, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ:INFN) announced today a successful multi-vendor demonstration of 5G mobile broadband xHaul using coherent open XR optics point-to- multipoint optical transmission. The multi-vendor interoperability testing, conducted with DZS and Calnex, represents a key step toward enabling mobile operators to greatly simplify and cost-reduce 5G and next- generation mobile transport network rollouts through the reduction of the number of optical transceiv ...

DALLAS, May 17, 2024 (GLOBE NEWSWIRE) -- DZS Inc. (“DZS” or the “Company”) (Nasdaq: DZSI), a global leader of broadband networking and software-defined cloud solutions, announced today that on May 14, 2024, as expected, it received a delinquency notification letter from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company did not timely file its Quarterly Report on ...

DALLAS, May 06, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and software-defined cloud solutions, today announced a binding agreement to acquire NetComm Wireless Pty Ltd. (NetComm). The acquisition of NetComm's Fiber Extension, Fixed Wireless Access (FWA), Home Broadband and Industrial Internet of Things (IoT) products and patents combined with DZS' category defining broadband networking and cloud software solutions will create one of the world's most comprehensive an ...

The Zacks Communication - Infrastructure industry appears mired in escalating capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East geopolitical tensions, supply- chain disruptions amid the prolonged Russia-Ukraine war and high customer inventory levels. However, the industry is expected to benefit in the long run from an increasing user propensity to stay abreast of the latest digital innovations. In this backdrop, IHS Holding Limited (IHS) and DZS Inc. (D ...

DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced that Brian Chesnut has been appointed as the company's Chief Accounting Officer (CAO), reporting directly to Chief Financial Officer (CFO), Misty Kawecki. Mr. Chesnut will be responsible for working closely with the CFO, senior leadership and the company's new independent public accounting firm, BDO USA, overseeing all corporate accounting functions in ...

DZS Inc. (DZSI) has completed the divestiture of its Asia business to DASAN Networks, Inc., marking a pivotal step in its growth strategy. With the sale, DZS is poised to focus its resources on key regions, including the Americas, Europe, the Middle East and Africa (AEMEA), and Australia/New Zealand (ANZ). The move not only streamlines its operations but also eliminates approximately $43 million of debt, significantly reducing its long-term debt to $15 million. The decision to divest aligns with DZS' long-t ...