ADTRAN Sees Preliminary Q2 Revenue Of $280M To $282M, Below Prior Guidance Of $283M To $303M, With GAAP Loss Per Share Of $(0.12) To $(0.14) And Non-GAAP EPS Of $0.03 To $0.05

Tom Stanton, Chairman and Chief Executive Officer, said, "Our preliminary second quarter results were directly impacted by a project delay from a single customer. In addition, margins reflected the current elevated component and freight cost environment. While these factors are affecting our near-term financial results, they do not change the underlying business, customer engagement or strategic priorities we are executing against."