DASAN Zhone Solution (DZSI) Tops Q1 EPS by 6c

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DASAN Zhone Solutions Reports First Quarter 2018 Financial Results

May 10, 2018 4:15 PM EDT

OAKLAND, Calif.--(BUSINESS WIRE)-- DASAN Zhone Solutions, Inc. (NASDAQ: DZSI or the Company), a global leader in fiber access transformation for enterprise and service provider networks, today reported its financial results for the three months ended March 31, 2018.

Net revenues for the March 31, 2018 ended quarter were $59.5 million, which grew 14.2% year-over-year compared to $52.1 million for the first quarter of 2017. Net revenue for the first quarter of 2018 reflected the implementation of the new revenue accounting standard (ASC 606). Excluding the impact from ASC 606, net revenues would have been approximately $60 million, which reflect an increase of 15% year-over- year.

GAAP gross... More