PLANO, TX — DASAN Zhone Solutions (DZS), an enabler of the emerging hyper-connected, hyper-broadband world, posted a net revenue for the second quarter of 2020 of $70.5 million, a 15.7% decrease year-over-year from $83.7 million in the prior year period, primarily due to the global slowdown associated with the COVID-19 pandemic.
Revenues were positively impacted by new business with top tier customers focused on the next generation of fiber and wireless access solutions.
"We continued to advance our strategic growth initiatives and produced healthy financial results for the second quarter of 2020, despite a challenging operating environment due to COVID-19," said Yung Kim, retiring CEO of DZS. “It has been a privilege to lead DZS for the past four years and to help transform the company into what it is today — a global provider of leading-edge access, 5G transport, and enterprise communications platforms. I look forward to watching an exciting and promising next chapter for DZS.”
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