Vistance Networks Inc 2026年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of April 20, 2026, there were 225,569,631 shares of common stock outstanding. Vistance Networks, Inc.Form 10-QMarch 31, 2026Table of Contents Part I—Financial Information (Unaudited):Item 1. Condensed Consolidated Financial Statements:Condensed Consolidated Statements of Operations2Condensed Consolidated Statements of Comprehensive Income3Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Cash Flows5Condensed Consolidated Statements of Stockholders’ Equity (Deficit)6Notes to Unaudited Condensed Consolidated Financial Statements7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item 3. Quantitative and Qualitative Disclosures About Market Risk38Item 4. Controls and Procedures38Part II—Other Information:Item 1. Legal Proceedings39Item 1A. Risk Factors39Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities39Item 3. Defaults Upon Senior Securities40Item 4. Mine Safety Disclosures40Item 5. Other Information40Item 6. Exhibits41Signatures42 PART 1 – FINANCIAL INFORMATION (UNAUDITED)ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Vistance Networks, Inc.Condensed Consolidated Statements of Operations(Unaudited -- In millions, except per share amounts) Vistance Networks, Inc.Condensed Consolidated Statements of Comprehensive Income(Unaudited – In millions) Vistance Networks, Inc.Condensed Consolidated Balance Sheets(In millions, except share amounts) Vistance Networks, Inc.Consolidated Statements of Cash Flows(Unaudited -- In millions)(1) See notes to unaudited condensed consolidated financial statements. Vistance Networks, Inc.Condensed Consolidated Statements of Stockholders' Equity (Deficit)(Unaudited – In millions, except share amounts) Vistance Networks, Inc.Notes to Unaudited Condensed Consolidated Financial Statements(In millions, unless otherwise noted) 1. BACKGROUND AND BASIS OF PRESENTATION Background The Company’s solutions for wired and wireless networks enable service providers including cable, telephone and digital broadcastsatellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to theirsubscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networkingenvironments. The Company’s solutions are complemented by services including technical support, systems design and integration.The Company is a leader in digital video and IP television (IPTV) distribution systems, broadband access infrastructure platformsand equipment that delivers data and voice networks to homes. The Company’s global leadership position is built upon innovativetechnology, broad solution offerings, high-quality and cost-effective customer solutions, and global manufacturing and distributionscale. Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and reflect all adjustments of a normal, recurringnature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. Theresults of operations for these interim periods are not necessarily indicative of the results of operations to be expected for any futureperiod or the full fiscal year. Certain prior year amounts have been reclassified to conform to the current year presentation.