Ribbon Communications Inc. (RBBN) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenue:
Total revenue	210.6	186.2	205.8	173.2	230.6	210.4	211.2	192.8
Total revenue growth	2.3%	7.5%	-2.6%	-10.2%	-5.6%	-9.0%	0.3%	22.0%
Cost of revenue:
Total cost of revenue	109.1	104.8	101.2	95.1	145.2	90.1	92.5	92.3
Gross profit	101.5	81.4	104.6	78.1	85.4	120.3	118.7	100.5
Gross margin	48.2%	43.7%	50.8%	45.1%	37.0%	57.2%	56.2%	52.1%

Operating expenses:
Research and development	47.8	51.3	51.1	52.7	51.6	49.1	46.8	47.4
Sales and marketing	33.9	35.4	35.8	37.6	42.1	36.1	34.9	37.2
General and administrative	14.3	14.0	12.9	12.9	13.2	12.1	12.7	15.6
Amortization of acquired intangible assets	7.3	7.3	7.5	7.3			7.5	5.8
Acquisition-, disposal- and integration-related	0.5	1.6	1.5	1.8	3.4	2.0	1.1	1.2
Restructuring and related	4.3	6.9	2.9	4.8	1.1	1.8	2.8	6.0
Total operating expenses	108.1	116.6	111.8	117.1	205.5	118.3	105.8	113.1
Loss from operations	-6.6	-35.2	-7.2	-39.1	-120.1	2.0	13.0	-12.6
Operating margin	-3.1%	-18.9%	-3.5%	-22.5%	-52.1%	0.9%	6.1%	-6.5%
Interest expense, net	-6.8	-6.4	-4.6	-4.0	-4.0	-3.0	-3.0	-5.8
Other (expense) income, net	-2.7	4.8	-10.2	-28.8	-8.5	-57.7	17.2	-25.4
Loss before income taxes	-16.1	-36.8	-22.1	-71.9	-132.7	-58.7	27.1	-43.9
Income tax provision	-5.4	-1.5	-8.1	1.9	36.4	-0.8	-3.8	-0.8
Net loss	-21.5	-38.3	-30.2	-70.0	-96.3	-59.4	23.2	-44.7

Loss per share:
Basic (in dollars per share)	($0.13)	($0.23)	($0.20)	($0.47)	($0.65)	($0.40)	$0.16	($0.31)
Diluted (in dollars per share)	($0.13)	($0.23)	($0.20)	($0.47)	($0.65)	($0.40)	$0.15	($0.31)

Weighted average shares used to compute loss per share:
Basic (in shares)	170.1	168.5	150.2	149.2	147.6	148.2	147.5	145.9
Diluted (in shares)	170.1	168.5	150.2	149.2	147.6	148.2	154.2	145.9