Revenue Growth Across All Regions
ADTRAN reported a sequential revenue increase of 7% to $242.9 million, with non-U.S. revenue up 10% quarter-over-quarter. Year-over-year, revenue increased by 8%.
Optical Networking Revenue Surge
Optical networking revenue grew by 16% sequentially, adding 18 new customers, including government agencies and large enterprises.
Improved Financial Health
The non-GAAP gross margin expanded to 41.9% for the year, and the company turned a positive non-GAAP operating profit for 2024. Operating cash flow improved significantly to $104.3 million from a negative $45.6 million in 2023.
New Product Introductions
ADTRAN plans to introduce new multi-Gig Wi-Fi 7 products over the next 6 months to drive demand.