© Copyright 2020 Although the ongoing pandemic has impacted demand in certain regions and created supply chain challenges for our Packet Optical Network products, we are excited about the opportunities this merger provides, with an impressive breadth of products to serve our combined global customer base.". In addition, our presentations of these measures may not be comparable to similarly titled measures used by other companies. Ribbon's packet optical networking portfolio was ranked "very strong" in a recent GlobalData report that focused specifically on 5G Transport solutions. In connection with this litigation, we incurred litigation costs beginning in the fourth quarter of 2017, including $6.2 million of expense in the first quarter of 2019. 2 Please see the reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures and additional information about non-GAAP measures in the section entitled "Discussion of Non-GAAP Financial Measures" in the press release appendix. Ribbon secured an order with a major US mobile carrier for a new VoLTE voice transcoding platform to support both 4G AMR wideband voice codec and NextGen 5G Enhanced Voice Services (EVS) codecs. Changes in operating assets and liabilities: Accrued expenses and other long-term liabilities, Net cash provided by operating activities, Business acqusitions, net of cash acquired, Net cash (used in) provided by investing activities, Borrowings under revolving line of credit, Principal payments on revolving line of credit, Payment of deferred purchase consideration, Proceeds from the sale of common stock in connection with employee stock purchase plan, Proceeds from the exercise of stock options, Payment of tax withholding obligations related to net share settlements of restricted stock awards, Net cash provided by (used in) financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net increase in cash, cash equivalents and restricted cash, Cash and cash equivalents, beginning of year, Cash, cash equivalents and restricted cash, end of period. During 2018, the company made extensive progress with its 5G portfolio, including live demonstrations of technology cornerstones such as segment routing (SR) and FlexE (Flex Ethernet) – required for full 5G networks. We believe that excluding non-cash amortization of intangible assets facilitates the comparison of our financial results to our historical operating results and to other companies in our industry as if the acquired intangible assets had been developed internally rather than acquired.

Adjustments to reconcile net loss to cash flows provided by operating activities: Depreciation and amortization of property and equipment, Reduction in deferred purchase consideration. Litigation Costs The services associated with 5G are expected to drive a substantial increase in network demand and will likely require additional investment in the networking layer, where ECI is already a leading vendor. Releases First Quarter Financial Results.

The Mark Allen Group is a dynamic media company which delivers high-quality content through market-leading journals, magazines, books, events, exhibitions, and websites. Reconciliation of Non-GAAP and GAAP Financial Measures, Less total gross profit attributable to ECI, Ribbon standalone gross margin (Ribbon standalone gross profit/Ribbon standalone revenue), Acquisition- and integration-related expense, Weighted average shares used to compute (loss) per share or diluted earnings per share, GAAP Shares used to compute (loss) per share or diluted earnings per share, Non-GAAP Shares used to compute diluted earnings per share, Reduction to deferred purchase consideration, Reconciliation of Non-GAAP and GAAP Financial Measures - Outlook, Weighted average shares used to compute (loss) per share or diluted earnings per share (in thousands), GAAPShares used to compute loss per share, Non-GAAPShares used to compute diluted earnings per share, View original content to download multimedia:https://www.prnewswire.com/news-releases/ribbon-communications-inc-reports-second-quarter-2020-financial-results-301106950.html, Registration on or use of this site constitutes acceptance of our, SoftBank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are concerning the company's 2nd-biggest shareholder », Fox Corp. tumbles 6% as President Trump retweets support for rival networks Newsmax and OANN ». Conference call to discuss its financial results for the first quarter ended March 31, 2020 on May 6, 2020, via the investor section of its website at http://investors.ribboncommunications.com, where a replay will also be available shortly following the conference call. "We saw an increase in session software deployments to facilitate remote work and Ribbon's multi-year investments in fully virtualized software and cloud products allowed us to rapidly deploy solutions for our Service Provider and Enterprise customers. In all, Ribbon supported eight new carriers to increase capacity to address unforeseen demand. Furthermore, the combined company will be well positioned to serve the high-growth 5G market. ECI Telecom has 2,232 employees.. Who are ECI Telecom competitors?. A telephone playback of the call will be available following the conference call until May 20, 2020 and can be accessed by calling 877-660-6853 or 201-612-7415 for international callers. Multiple 5G engagements with service providers across APAC, Further penetration of markets like research and education (DFN, LitNET), transportation providers (Deutsche Bahn, CPTM), defense forces and more. Stock-Based CompensationStock-based compensation expense is different from other forms of compensation, as it is a non-cash expense.

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