Vistance Networks, Inc. Q4 FY2025 earnings call

• Announced closing of CCS transaction to Amphenol, repaid all existing debt and redeemed preferred equity. • Vistance Networks, Inc. delivered core net sales of $1.93 billion in the fourth quarter, ended the year with $923 million in cash. • Aurora Networks shipments were strong, FDX amplifier deployment with Comcast went well, new node approved. • Ruckus Networks saw revenue growth, invested in sales, made progress in RuckusOne subscription business, unveiled new solutions. • Addressed DDR4 memory chip supply issue with countermeasures

Aurora Networks: Fourth quarter net sales $347 million, up 33% year-over-year; adjusted EBITDA $79 million, up 112% year-over-year. Full-year net sales ended at $1.23 billion, increased $397 million, or 47%, compared to the prior year. Ruckus Networks: Full-year core revenue ended at $687 million, up $166 million, or 32%, compared to 2024. Core Ruckus adjusted EBITDA for the year was $128 million, which was up $86 million, or 210%, versus the prior year. Fourth quarter core net sales $167 million increased by 16% versus 2024

• Projecting 2026 core business adjusted EBITDA in the $350 million to $400 million range. • Expect low-teen adjusted EBITDA growth in Ruckus in 2026. • Aurora adjusted EBITDA expected to decline in 2026 due to legacy business normalization and stranded costs. • Special distribution of at least $10 per share expected no later than April

• DDR4 memory chip supply issue impacting availability and pricing, leading to seasonality and variability in quarterly results

Q: About memory chip challenges, how confident in securing capacity and EBITDA impact?

A: Working closely with suppliers, passed on most price increases, factored $20 million EBITDA impact.

Q: Outlook for Aurora business, revenue and margin?

A: Revenue expected up, EBITDA down due to mix and stranded costs.

Q: Target margins for Aurora and Ruckus, Ruckus revenue growth?

A: Aurora target 20% adjusted EBITDA margins, Ruckus low-20s; Ruckus expected mid-teens revenue growth.

Q: Customer concentration in Aurora?

A: Top three customers represent 40%-45% of business, Aurora has high customer concentration, Ruckus not