Dzs INC

DZS Inc. and its subsidiaries filed for Chapter 7 bankruptcy on March 14, 2025, ceasing substantially all operations.

DZS Inc. is exploring strategic options, including a potential sale or bankruptcy, due to limited cash reserves.

DZS Inc. presented its investor slide presentation, detailing its strategic vision, technology roadmap, and financial progress.

DZS Inc. has finalized the sale of its industrial internet of things (IIoT) business to Lantronix for $6.5 million, marking the completion of a strategic divestiture.

DZS has agreed to sell its industrial internet of things business to Lantronix for $6.5 million in cash, allowing DZS to focus on its core broadband networking and connectivity business.

DZS Inc. announced its Q3 2024 financial results, highlighting a fourth consecutive quarter of revenue growth and improvements in gross margins.

DZS Inc. reports its Q3 2024 financial results, highlighting the impact of the NetComm acquisition and strategic divestitures in Asia and the Network Assurance business.

DZS Inc. reports a net income of $22.1 million for the second quarter of 2024, driven by a bargain purchase gain, while also completing a strategic divestiture and acquisition.

DZS Inc. reported a decrease in revenue for the first quarter of 2024, alongside a strategic divestiture of its Asian subsidiaries.

DZS Inc. experienced a substantial decrease in revenue and a significant increase in net loss for the third quarter of 2023 compared to the same period in 2022.

DZS Inc. experienced a significant revenue decrease in the second quarter of 2023, alongside increased operating losses and the identification of material weaknesses in internal controls.

DZS Inc. has restated its financial statements for multiple periods due to material accounting errors related to revenue recognition, revealing significant weaknesses in its internal controls.

DZS Inc.'s 10-K filing outlines the company's share structure, financial performance, and strategic direction amidst a challenging market environment.

DZS Inc. has filed an amended 10-K report for the year ended December 31, 2022, following a restatement of its financial statements due to revenue recognition errors, and its stock is now trading on the OTC market after being suspended from Nasdaq.

DASAN NETWORKS, INC, a 10% owner of DZS INC., has reported the sale of its entire beneficial ownership of 9,093,015 common shares.

Director Barbara Carbone acquired 25,000 shares of DZS Inc. common stock through the vesting of restricted stock units.

Director Kim Joon Kyung of DZS Inc. reported the vesting of 25,000 restricted stock units on December 31, 2024, bringing the total vested to 100,000 units.

Director Choon Yul Yoo of DZS Inc. acquired 25,000 shares of common stock through the vesting of restricted stock units on December 31, 2024.

DZS Inc. director Matthew W. Bross acquired 25,000 shares of common stock on December 31, 2024, through the vesting of restricted stock units.

Director Todd Jackson of DZS Inc. reports the vesting of 25,000 restricted stock units, bringing his total vested units to 100,000.

DASAN Networks, Inc. has sold its entire 9,093,015 share stake in DZS Inc. in a privately negotiated transaction for approximately $0.00 per share, ceasing to be a beneficial owner.