$DZSI
DZS INC.

2022 Q4 Form 10-Q Financial Statement

#000095017022020884 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $100.2M $107.4M $88.41M
YoY Change 2.16% 21.47% -5.89%
Cost Of Revenue $70.12M $70.86M $56.21M
YoY Change 7.6% 26.06% -14.52%
Gross Profit $30.06M $36.53M $32.20M
YoY Change -8.63% 13.45% 14.21%
Gross Profit Margin 30.0% 34.01% 36.42%
Selling, General & Admin $23.42M $23.70M $19.54M
YoY Change 13.56% 21.29% 15.41%
% of Gross Profit 77.91% 64.87% 60.68%
Research & Development $16.43M $15.50M $11.71M
YoY Change 33.99% 32.39% 31.5%
% of Gross Profit 54.67% 42.43% 36.36%
Depreciation & Amortization $1.622M $2.109M $1.112M
YoY Change 62.85% 89.66% -20.0%
% of Gross Profit 5.4% 5.77% 3.45%
Operating Expenses $41.47M $41.82M $11.71M
YoY Change 24.99% 257.18% -55.34%
Operating Profit -$11.42M -$5.285M -$6.113M
YoY Change 3919.37% -13.54% -409.21%
Interest Expense -$789.0K -$399.0K -$29.00K
YoY Change -11371.43% 1275.86% -93.26%
% of Operating Profit
Other Income/Expense, Net $1.010M -$1.984M $922.0K
YoY Change -264.76% -315.18% -2348.78%
Pretax Income -$14.42M -$7.700M -$5.200M
YoY Change 1208.35% 48.08% -445.74%
Income Tax $141.0K $6.100M $700.0K
% Of Pretax Income
Net Earnings -$14.56M -$13.80M -$5.896M
YoY Change 537.71% 133.99% 5026.96%
Net Earnings / Revenue -14.53% -12.85% -6.67%
Basic Earnings Per Share -$0.49 -$0.22
Diluted Earnings Per Share -$0.50 -$0.49 -$0.22
COMMON SHARES
Basic Shares Outstanding 27.95M 27.89M 27.20M
Diluted Shares Outstanding 27.90M 27.20M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.32M $17.86M $45.51M
YoY Change -17.89% -60.75% 45.38%
Cash & Equivalents $38.32M $17.86M $45.51M
Short-Term Investments
Other Short-Term Assets $8.371M $11.63M $15.79M
YoY Change -33.02% -26.35% 6.69%
Inventory $78.51M $84.65M $58.27M
Prepaid Expenses
Receivables $154.4M $126.5M $88.20M
Other Receivables $16.14M $19.44M $12.48M
Total Short-Term Assets $295.7M $260.1M $220.2M
YoY Change 37.55% 18.08% 5.13%
LONG-TERM ASSETS
Property, Plant & Equipment $22.08M $9.246M $9.256M
YoY Change 124.39% -0.11% 29.09%
Goodwill $19.95M $26.78M $6.145M
YoY Change 224.69% 335.77% 54.51%
Intangibles $31.74M $25.37M
YoY Change 520.57%
Long-Term Investments
YoY Change
Other Assets $15.54M $12.40M $9.982M
YoY Change 73.59% 24.24% 40.59%
Total Long-Term Assets $89.31M $86.00M $43.72M
YoY Change 109.21% 96.69% -7.56%
TOTAL ASSETS
Total Short-Term Assets $295.7M $260.1M $220.2M
Total Long-Term Assets $89.31M $86.00M $43.72M
Total Assets $385.0M $346.1M $264.0M
YoY Change 49.42% 31.1% 2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.2M $116.3M $67.95M
YoY Change 88.65% 71.17% 66.14%
Accrued Expenses $32.39M $28.22M $25.92M
YoY Change 107.46% 8.87% 24.02%
Deferred Revenue $21.78M $23.45M $4.585M
YoY Change 257.53% 411.41% 19.53%
Short-Term Debt $9.706M $7.000M $0.00
YoY Change -100.0%
Long-Term Debt Due $24.07M $1.250M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $209.2M $176.2M $98.46M
YoY Change 131.19% 78.99% 10.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $23.12M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $33.11M $2.858M $3.426M
YoY Change 817.37% -16.58% 94.22%
Total Long-Term Liabilities $33.11M $25.98M $3.426M
YoY Change 817.37% 658.2% -88.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $209.2M $176.2M $98.46M
Total Long-Term Liabilities $33.11M $25.98M $3.426M
Total Liabilities $242.3M $235.8M $136.2M
YoY Change 92.65% 73.1% -12.66%
SHAREHOLDERS EQUITY
Retained Earnings -$124.8M -$110.3M -$84.72M
YoY Change 43.45% 30.17% 121.19%
Common Stock $271.9M $234.4M $218.6M
YoY Change 21.74% 7.22% 51.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $142.7M $110.3M $127.7M
YoY Change
Total Liabilities & Shareholders Equity $385.0M $346.1M $264.0M
YoY Change 49.42% 31.1% 2.78%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$14.56M -$13.80M -$5.896M
YoY Change 537.71% 133.99% 5026.96%
Depreciation, Depletion And Amortization $1.622M $2.109M $1.112M
YoY Change 62.85% 89.66% -20.0%
Cash From Operating Activities -$13.26M -$6.811M -$6.788M
YoY Change -1894.32% 0.34% -3.17%
INVESTING ACTIVITIES
Capital Expenditures $2.222M -$546.0K -$2.017M
YoY Change -255.71% -72.93% 445.14%
Acquisitions
YoY Change
Other Investing Activities -$1.250M $0.00 $0.00
YoY Change -322.82%
Cash From Investing Activities -$3.472M -$546.0K -$2.017M
YoY Change 300.92% -72.93% 445.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.93M 5.515M 95.00K
YoY Change 1442.27% 5705.26% -179.17%
NET CHANGE
Cash From Operating Activities -13.26M -6.811M -6.788M
Cash From Investing Activities -3.472M -546.0K -2.017M
Cash From Financing Activities 33.93M 5.515M 95.00K
Net Change In Cash 17.20M -1.842M -8.710M
YoY Change 729.62% -78.85% 16.13%
FREE CASH FLOW
Cash From Operating Activities -$13.26M -$6.811M -$6.788M
Capital Expenditures $2.222M -$546.0K -$2.017M
Free Cash Flow -$15.48M -$6.265M -$4.771M
YoY Change -814.77% 31.31% -28.15%

Facts In Submission

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dei Local Phone Number
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dei Security12b Title
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Common stock, $0.001 par value
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dei Entity File Number
EntityFileNumber
000-32743
dei Entity Registrant Name
EntityRegistrantName
DZS INC
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
22-3509099
dei Entity Address Address Line1
EntityAddressAddressLine1
5700 Tennyson Parkway, Suite 400
dei Entity Address City Or Town
EntityAddressCityOrTown
Plano
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75024
dei City Area Code
CityAreaCode
469
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001101680
CY2021Q4 us-gaap Restricted Cash Equivalents Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashEquivalentsNoncurrentAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q3 us-gaap Restricted Cash Equivalents Noncurrent Asset Statement Of Financial Position Extensible List
RestrictedCashEquivalentsNoncurrentAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18221000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7932000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-32204000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36435000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
312000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1948000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27902000
us-gaap Profit Loss
ProfitLoss
-32400000
CY2022Q1 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
156000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2671000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-3048000
CY2022Q1 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
68000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-268000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
130949000
CY2022Q2 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
938000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2868000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6028000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4639000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
124088000
CY2022Q3 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
-609000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5023000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-13796000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4425000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
110281000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
93579000
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
59525000
CY2021Q1 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
2569000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1352000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-23225000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2298000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
131502000
CY2021Q2 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
1967000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1994000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-3279000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
299000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
132483000
CY2021Q3 dzsi Stock Issued During Period Value Exercise Of Stock Awards And Employee Stock Purchase Plan
StockIssuedDuringPeriodValueExerciseOfStockAwardsAndEmployeeStockPurchasePlan
93000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3104000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-5896000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2036000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
127748000
us-gaap Profit Loss
ProfitLoss
-22872000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4551000
us-gaap Inventory Write Down
InventoryWriteDown
2928000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-482000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14579000
dzsi Provision For Sales Return
ProvisionForSalesReturn
2307000
dzsi Provision For Sales Return
ProvisionForSalesReturn
873000
dzsi Provision For Warranty
ProvisionForWarranty
323000
dzsi Provision For Warranty
ProvisionForWarranty
636000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1318000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-47000
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
68000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30838000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21578000
us-gaap Share Based Compensation
ShareBasedCompensation
10562000
us-gaap Share Based Compensation
ShareBasedCompensation
6450000
us-gaap Inventory Write Down
InventoryWriteDown
3498000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
45170000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3945000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
11577000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
7648000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
37926000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
24256000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1515000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-2557000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5319000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7063000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
58202000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21991000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2851000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
631000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-231000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2282000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37638000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15065000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
65000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2310000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4158000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22297000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4459000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24542000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8617000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
59525000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
313000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7000000
dzsi Repayments Of Short Term Borrowings And Line Of Credit
RepaymentsOfShortTermBorrowingsAndLineOfCredit
13278000
dzsi Repayments Of Related Party Debt Excluding Long Term Debt
RepaymentsOfRelatedPartyDebtExcludingLongTermDebt
29298000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
776000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
558000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1344000
dzsi Interest Paid To Related Party
InterestPaidToRelatedParty
108000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-32686000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2033000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53639000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54587000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20953000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52554000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17861000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45505000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2942000
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6884000
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
150000
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
165000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20953000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52554000
us-gaap Interest Paid Net
InterestPaidNet
425000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
986000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3029000
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dzsi Entity Incorporation Month Year Of Incorporation
EntityIncorporationMonthYearOfIncorporation
1999-06
dzsi Allowance For Doubtful Accounts Receivable Utilization And Write Offs Differences
AllowanceForDoubtfulAccountsReceivableUtilizationAndWriteOffsDifferences
118000
dzsi Allowance For Doubtful Accounts Receivable Foreign Exchange Impact
AllowanceForDoubtfulAccountsReceivableForeignExchangeImpact
-1446000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">(d) Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates.</span></p>
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107394000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88412000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275514000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
252143000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107394000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
88412000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275514000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
252143000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17735000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3954000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-482000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14579000
dzsi Allowance For Doubtful Accounts Receivable Utilization And Write Offs Differences
AllowanceForDoubtfulAccountsReceivableUtilizationAndWriteOffsDifferences
117000
CY2022Q3 us-gaap Inventory Net
InventoryNet
84654000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-5896000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16091000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18168000
CY2020Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
59000000.0
CY2020 us-gaap Proceeds From Customers
ProceedsFromCustomers
41700000
CY2021Q2 dzsi Accounts Receivable Recovered
AccountsReceivableRecovered
2100000
CY2022Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
13500000
CY2022Q3 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-2200000
CY2021Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000
CY2022Q3 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
200000
dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
1900000
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
41793000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
34512000
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1065000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1427000
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
41796000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
20954000
CY2021Q4 us-gaap Inventory Net
InventoryNet
56893000
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27042000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27422000
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17723000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17394000
CY2022Q3 dzsi Property Plantand Equipment Under Government Grants
PropertyPlantandEquipmentUnderGovernmentGrants
73000
CY2021Q4 dzsi Property Plantand Equipment Under Government Grants
PropertyPlantandEquipmentUnderGovernmentGrants
186000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9246000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9842000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1980000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1522000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
323000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
636000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
434000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
745000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-110000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
68000
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1759000
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1481000
us-gaap Contract With Customer Timing Of Satisfaction Of Performance Obligation And Payment
ContractWithCustomerTimingOfSatisfactionOfPerformanceObligationAndPayment
The majority of the Company's performance obligations in its contracts with customers relate to contracts with duration of less than one year
CY2021Q3 dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
400000
dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
1300000
us-gaap Net Income Loss
NetIncomeLoss
-22872000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2184000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9135000
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
573000
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31213000
dzsi Increase Decrease In Contract With Customer Asset Net
IncreaseDecreaseInContractWithCustomerAssetNet
-1611000
dzsi Increase Decrease In Contract With Customer Liabilities
IncreaseDecreaseInContractWithCustomerLiabilities
22078000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5400000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.75
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
600000
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
800000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
600000
CY2022Q3 us-gaap Goodwill Gross
GoodwillGross
7148000
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
4980000
CY2022Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1003000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1003000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
7000
CY2022Q3 us-gaap Goodwill
Goodwill
26778000
CY2021Q3 us-gaap Goodwill
Goodwill
6145000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
33827000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8462000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25365000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11627000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6512000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5115000
CY2022Q3 dzsi Amortizationand Impairmentof Intangible Assets
AmortizationandImpairmentofIntangibleAssets
1200000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1095000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4378000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4378000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4367000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3192000
CY2022Q3 dzsi Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
7955000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25365000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
313000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1250000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1563000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1875000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2188000
CY2022Q3 dzsi Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
17499000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
24688000
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.083
CY2022Q3 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
14000000.0
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
16500000
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
200000
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
200000
CY2022Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0
CY2022Q3 dzsi Related Party Debt And Other Obligation Guaranteed Amount
RelatedPartyDebtAndOtherObligationGuaranteedAmount
6264000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-13796000
us-gaap Net Income Loss
NetIncomeLoss
-32400000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27902000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27201000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27696000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26484000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27902000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27201000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27696000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26484000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.83
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.83
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
3200000
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000
us-gaap Operating Lease Expense
OperatingLeaseExpense
4400000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
800000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1574000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4968000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4595000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3346000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2065000
CY2022Q3 dzsi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1677000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18225000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2261000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
15964000
dzsi Amount Due To Related Party For Underpaid Duties
AmountDueToRelatedPartyForUnderpaidDuties
3900000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1900000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7700000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-21000000.0
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000000.0
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5200000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30400000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9246000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9842000

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