News item
Printer friendly view Back to headlines
ADTRAN reports Q1 revenue of $142.20m, up 2.3% Q/Q, net income of $5.01m
Announced Date: 4/12/2016 Published Date: 4/13/2016

ADTRAN reported financial results for the first quarter ended March 31, 2016 as follows:


  1. Revenue for the first quarter of 2016 of $142.20 million, up 2.3% compared to $139.01 million in the second quarter and down 0.4% from $142.83 million for the first quarter of 2015.

  2. Gross profit for the first quarter of 2016 of $65.79 million, up 5.4% compared to $62.44 million in the second quarter and down 8.9% from $65.56 million for the first quarter of 2015.

  3. R&D expenditure for the first quarter of 2016 of $29.49 million, up 0.6% compared to $29.30 million in the second quarter and down 9.4% from $32.54 million for the first quarter of 2015.

  4. SG&A expenditure for the first quarter of 2016 of $30.78 million, up 1.4% compared to $30.34 million in the second quarter and down 0.9% from $31.06 million for the first quarter of 2015.

  5. Total operating expenditure for the first quarter of 2016 of $60.27 million, up 1.1% compared to $59.64 million in the second quarter and down 5.2% from $63.60 million for the first quarter of 2014.

  6. Net income for the first quarter of 2016 of $5.01 million, compared to net income of $5.72 million in the second quarter and net income of $3.32 million for the first quarter of 2015.

  7. Cash, cash equivalents and short-term investments as of March 31, 2016 of $120.91 million, compared with $118.95 million as at December 31, 2015.


Additional results and notes

On April 8th, ADTRAN announced a change in the reporting of its financial results as of the quarter ending March 31, 2016, from when it would report based on two new reportable segments - Network Solutions and Services and Support. It will also report revenue for three categories: access and aggregation; customer devices; and traditional and other products.