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AI English summary of an SEC filing — figures as filed

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The company said revenue for fiscal first quarter 2024 was $1.04 billion, compared with $1.06 billion a year earlier, and GAAP net income was $49.5 million ($0.34 per diluted share), compared with $76.2 million ($0.51 per share) a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for fiscal first quarter 2024 was $1.04 billion, compared with $1.06 billion a year earlier, and GAAP net income was $49.5 million ($0.34 per diluted share), compared with $76.2 million ($0.51 per share) a year earlier.

  2. Ciena said adjusted (non-GAAP) net income for fiscal first quarter 2024 was $96.8 million ($0.66 per diluted share), and Adjusted EBITDA was $160,026 thousand. Adjusted net income a year earlier was $95.6 million ($0.64 per share).

  3. The company said operating cash flow for fiscal first quarter 2024 was $266.1 million, and cash and investments totaled $1.48 billion. In the cash flow statement, operating cash used a year earlier was $(265,639) thousand.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Q1 Revenue $1.04 billion, GAAP Net Income $49.5 million

The company said revenue for fiscal first quarter 2024 was $1.04 billion, compared with $1.06 billion a year earlier, and GAAP net income was $49.5 million ($0.34 per diluted share), compared with $76.2 million ($0.51 per share) a year earlier.

Source · Based on the filing body and exhibits

Adjusted Net Income $96.8 million, Adjusted EBITDA $160,026 thousand

Ciena said adjusted (non-GAAP) net income for fiscal first quarter 2024 was $96.8 million ($0.66 per diluted share), and Adjusted EBITDA was $160,026 thousand. Adjusted net income a year earlier was $95.6 million ($0.64 per share).

Source · Based on the filing body and exhibits

Quarterly Operating Cash Flow $266.1 million

The company said operating cash flow for fiscal first quarter 2024 was $266.1 million, and cash and investments totaled $1.48 billion. In the cash flow statement, operating cash used a year earlier was $(265,639) thousand.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.