DZS reports Q3 EPS (31c) vs. (48c) last year

Reports Q3 revenue $38.1M vs. $22.7M last year. “The third quarter of 2024 delivered a fourth sequential quarter of topline growth for DZS (DZSI),” said Charlie Vogt, President and CEO, DZS. “With our restatement now behind us, our filings current, the sale of our in-home WiFi software and service assurance portfolio closed, and with insights into our sales pipeline and backlog, we believe a global recovery for our DZS business is underway. We also made progress on four key performance initiatives: Strengthening our balance sheet, optimizing our cost structure to align with market dynamics, executing sales and cost synergies resulting from our recent acquisition of NetComm, and monetizing our inventory which is aligned with our backlog and projects in flight. On Wednesday, Nov. 6th at 10:00 a.m. CT, we will host our earnings call that will give customers, suppliers, investors and employees insights relative to what has been accomplished over the third quarter and our outlook for the future.”