Vistance Networks Inc

vistancenetworks.com

What Do They Do?

Sells wireless networking equipment and software for enterprises and service providers, and cable and video network equipment for wireline service providers.

How Do They Make Money?

Customers mainly pay for products or equipment, with sales generally counted when products ship. Separately sold software licenses are generally paid for when delivered, while support and installation services are paid for over the period the services are provided.

FY2025 revenue by reportable segment revenue

Segment	Share	How money arrives
RUCKUS	36%
Aurora Sold outright	64%	Sold outright
Corporate and Other	0.0% FY2022: 0.0%

Who Are Their Customers?

Telecommunications operators, cable and telephone network providers, data center managers and enterprise customers buy its products. Aurora sells mainly directly to wireline service providers; RUCKUS sales mostly go through distributors and system integrators, with some direct sales to managed and other service providers.

Direct customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 34% from two customers

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue and turned 13 cents into free cash flow.

Operating income, FY2025

2% of revenue

▲ Now profitable vs FY2024 (−$291.7M, −21%)

Net income, FY2025

118% of revenue

▲ Now profitable vs FY2024 (−$315.5M, −23%)

Free cash flow, FY2025

13% of revenue

▲ +2% vs FY2024 ($247.8M, 18%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −1%; vs $324.1M in Q2 FY2025
Net income: ▲ +828%; vs $31.8M in Q2 FY2025

Aurora share of revenue vs 99.5% in Q2 FY2025

Aug 6, 2026 Declared a special cash distribution to shareholders The company declared a $5.00-per-share distribution, payable August 27, 2026.
Jul 1, 2026 Sold RUCKUS segment to Belden for cash The sale closed for $1.846 billion in cash.

Shrinking. Revenue fell 71% in 4 years, from $6.7B in FY2021 to $1.9B in FY2025, about 27% a year.

Sold RUCKUS The company sold its RUCKUS business to Belden, leaving Aurora Networks as its continuing business.

Revenue over time

RUCKUS Aurora Corporate and Other ANS CCS NICS

$10B$5B$0

FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Cisco Systems, Extreme Networks, Hewlett Packard Enterprise Development LP, Huawei Technologies, Ubiquiti, ATX Networks, Harmonic, Technetix Group, Teleste Oyj, and Vecima Networks

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