ADTRAN Holdings, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 225.48 million compared to USD 358.27 million a year ago. Net loss was USD 109.95 million compared to net income of USD 38.88 million a year ago.

Basic loss per share from continuing operations was USD 1.4 compared to basic earnings per share from continuing operations of USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 1.4 compared to diluted earnings per share from continuing operations of USD 0.49 a year ago.