ADTRAN Holdings, Inc 8-K/A, filed Nov 9, 2022
ADTRAN Holdings, Inc. (ADTN)
About this 8-K/A
ADTRAN Holdings, Inc filed this 8-K/A on November 9, 2022, reporting on events of November 7, 2022.
Items reported
- Item 2.02: Financial results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Explanatory Note
The information included in, or furnished with, Item 2.02 of this Current Report on Form 8-K/A shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 2.02 Results of Operations and Financial Condition.
The Initial 8-K included, as Exhibit 99.1, a press release issued on November 7, 2022 (the “Press Release”) that reported unaudited condensed consolidated financial results of the Company for the quarter and nine months ended September 30, 2022. The Press Release included condensed consolidated statements of loss (unaudited) for the three months and nine months ended September 30, 2022 and 2021 (the “Condensed Consolidated Statements of Loss”). The Company’s Condensed Consolidated Statements of Loss in the Press Release contained an error in the allocation of cost of revenue between the Company’s two reporting segments – the Network Solutions segment and Services & Support segment – for the three and nine month periods ended September 30, 2022. As corrected, the cost of revenue of the Company’s Network Solutions segment for the three and nine month periods ended September 30, 2022 were $222,606 and $413,180, respectively, and the cost of revenue of the Company’s Services & Support segment for the three and nine month periods ended September 30, 2022 were $15,076 and $34,236, respectively. The total cost of revenues of the Company for the three and nine month periods ended September 30, 2022, as reported in the Condensed Consolidated Statements of Loss in the Press Release, was unaffected by this correction, and no other figures in the Condensed Consolidated Statements of Loss or in any other disclosures in the Press Release were affected by this correction.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ADTRAN Holdings, Inc. |
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Date: |
November 9, 2022 |
By: |
/s/ Michael Foliano |
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Michael Foliano |
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