Vecima Announces Availability of Entra® vPON Manager and Entra® Open Network Ecosystem for Scalable, Simplified XGS-PON Deployments
Entra vPON Manager gives operators robust XGS-PON subscriber management and service provisioning capabilities, plus back-office management integration with telemetry support, and a simplified, interactive web user interface. It integrates seamlessly with BSPs' back-office management tools and incorporates a cloud-native microservices architecture that works across integrated and disaggregated Vecima PON solutions.
In addition, with the Entra Open Network Ecosystem (ONE), operators get best-in-class support for third-party ONTs/ONUs, ensuring no single PON vendor lock-in to specific customer premises equipment (CPE) and enables industry-leading investment protection. New ONT/ONU vendors are added regularly, based on industry standards.
Vecima's Entra EXS1610 All-PON™ Shelf is the first ITU-PON platform supported with Entra vPON Manager, combining scalability with operational simplicity for fiber-to-the-home deployments. The EXS1610 supports multiple PON types, including ITU XGS-PON and IEEE 10G-Ethernet PON (10G EPON).
The EXS1610 All-PON Shelf enables BSPs to cost effectively deploy Fiber services in any outside plant, market or hub deployment, allowing maximum flexibility. With a temperature-hardened, 16-port, 1 rack unit form factor, the EXS1610 supports multiple use cases, including greenfield, targeted brownfields, rural edge-outs, hybrid fiber-coax (HFC) overbuilds, footprint extensions, and hub collapses.
'Vecima's 'All-PON' approach is rooted in our guiding principle of delivering open, flexible, and interoperable solutions that enable our customers to future-proof their access networks and select a PON management solution and ONT vendor of their choice,' said Vijay Raman, Vice President of Product Line Management at Vecima. 'Designed from the ground up with Entra ONE, our platform supports interoperability, advanced management capabilities and seamless integration through industry leading technology and market partnerships.'
The Vecima Distributed Access Architecture (DAA) product portfolio, recognized by the Dell'Oro Group as the global market share leader in Remote MACPHY and Remote OLT solutions from 2021-2024, is deployed by operators around the world. Learn more at vecima.com/broadband-access.
Vecima at Fiber Connect 2025
June 1-3 in Nashville, Tennessee
Booth 766
Vecima at ANGA COM 2025
June 3-5 in Cologne, Germany
Stand A20, Hall 8
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About Vecima Networks
Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. There is power in connectivity – it enables people, businesses, and communities to grow and thrive. Learn more at vecima.com.
This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law.
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Earnings Webcast Information Event: Eventbrite Second Quarter 2025 Earnings Conference Call Date: Thursday, August 7, 2025 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) Live Webcast Site: An archived webcast of the conference call will be accessible on Eventbrite's Investor Relations page, About Eventbrite Eventbrite is a global events marketplace that serves event creators and event-goers in nearly 180 countries. Since its inception, Eventbrite has been at the center of the experience economy, transforming the way people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz, and Renaud Visage, with a vision to build a self-service platform that empowers anyone to host and discover live experiences. In 2024, Eventbrite distributed over 83 million paid tickets to over 4.7 million events, helping people find new things to do or new ways to do more of what they love. 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In some cases, forward-looking statements can be identified by terms such as 'may,' 'will,' 'appears,' 'shall,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' or 'continue,' or the negative of these words or other similar terms or expressions that concern the Company's expectations, strategy, plans, or intentions. 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All forward-looking statements are based on information and estimates available to the Company at the time of this release, and are not guarantees of future performance, and reported results should not be considered as an indication of future performance. Except as required by law, the Company assumes no obligation to update any of the statements in this press release. Disclaimer Regarding Ticketing, Creator and Event Metrics This press release includes certain measures related to our ticketing business, such as paid tickets and paid creators. We believe that the use of these metrics is helpful to our investors as these metrics are used by management in assessing the health of our business and our operating performance. These metrics are based on what we believe to be reasonable estimates for the applicable period of measurement. There are inherent challenges in measuring these metrics, and we regularly review and may adjust our processes for calculating our internal metrics to improve their accuracy. You should not consider these metrics in isolation or as substitutes for analysis of our results of operations as reported under GAAP. Condensed Consolidated Statement of Operations (in thousands, except share and per share amounts; unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net revenue $ 72,758 $ 84,551 $ 146,591 $ 170,803 Cost of net revenue 23,651 24,611 48,057 49,643 Gross profit 49,107 59,940 98,534 121,160 Operating expenses Product development 18,161 26,057 39,098 52,741 Sales, marketing and support 20,399 24,521 41,922 45,390 General and administrative 16,887 15,816 33,578 37,053 Total operating expenses 55,447 66,394 114,598 135,184 Loss from operations (6,340 ) (6,454 ) (16,064 ) (14,024 ) Interest income 3,961 7,382 7,715 14,789 Interest expense (1,094 ) (2,806 ) (2,174 ) (5,606 ) Other income (expense), net 2,211 3,725 3,418 2,472 Income (loss) before income taxes (1,262 ) 1,847 (7,105 ) (2,369 ) Income tax provision 845 784 1,613 1,058 Net income (loss) $ (2,107 ) $ 1,063 $ (8,718 ) $ (3,427 ) Net income (loss) per share Basic $ (0.02 ) $ 0.01 $ (0.09 ) $ (0.04 ) Diluted $ (0.02 ) $ 0.01 $ (0.09 ) $ (0.04 ) Weighted-average number of shares outstanding used to compute net income (loss) per share Basic 96,114 96,142 95,442 95,557 Diluted 96,114 96,290 95,442 95,557 Expand Condensed Consolidated Statements of Cash Flows (in thousands, Unaudited) Six Months Ended June 30, 2025 2024 Cash flows from operating activities Net loss $ (8,718 ) $ (3,427 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 8,257 7,242 Stock-based compensation expense 17,703 29,239 Amortization of debt discount and issuance costs 631 1,057 Unrealized (gain) loss on foreign currency exchange (3,921 ) 1,288 Accretion on short-term investments (41 ) (2,769 ) Non-cash operating lease expenses 318 273 Amortization of creator signing fees 1,006 401 Changes related to creator advances, creator signing fees, and allowance for credit losses 609 (2,920 ) Provision for chargebacks and refunds 9,597 14,559 Gain on litigation settlement — (3,927 ) Other 857 623 Changes in operating assets and liabilities Accounts receivable 878 (2,866 ) Funds receivable 13,448 19,653 Creator signing fees and creator advances (3,433 ) (3,922 ) Prepaid expenses and other assets (627 ) 1,291 Accounts payable, creators 13,933 12,852 Accounts payable (658 ) (366 ) Chargebacks and refunds reserve (9,354 ) (14,415 ) Accrued compensation and benefits 4,489 (8,988 ) Accrued taxes (1,690 ) (3,840 ) Operating lease liabilities (1,104 ) (991 ) Other accrued liabilities (284 ) (3,773 ) Net cash provided by operating activities 41,896 36,274 Cash flows from investing activities Purchases of short-term investments — (112,185 ) Maturities of short-term investments 25,000 212,002 Purchases of property and equipment (61 ) (403 ) Capitalized internal-use software development costs (1,795 ) (4,818 ) Net cash provided by investing activities 23,144 94,596 Cash flows from financing activities Repurchase of common stock — (36,508 ) Taxes paid related to net share settlement of equity awards (2,437 ) (5,776 ) Proceeds from issuance of common stock under ESPP 164 454 Net cash used in financing activities (2,273 ) (41,830 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,206 (2,741 ) Net increase in cash, cash equivalents and restricted cash 73,973 86,299 Cash, cash equivalents and restricted cash Beginning of period 464,531 489,200 End of period $ 538,504 $ 575,499 Expand About Non-GAAP Financial Measures We believe that the use of Adjusted EBITDA and Adjusted EBITDA margin is helpful to investors in understanding and evaluating results of operations and useful measures for period-to-period comparisons of the company's business performance as they are metrics used by management in assessing the health of the company's business and operating performance, making operating decisions, and performing strategic planning and annual budgeting. These measures are not prepared in accordance with GAAP and have limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results of operations as reported under GAAP. In addition, other companies may not calculate non-GAAP financial measures in the same manner as we calculate them, limiting their usefulness as comparative measures. You are encouraged to evaluate the adjustments and the reasons we consider them appropriate. Some amounts in this press release may not add due to rounding. Adjusted EBITDA We calculate Adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization, stock-based compensation expense, interest expense, interest income, employer taxes related to employee transactions, other (income) expense net, which consists of foreign exchange rate gains and losses, income tax provision (benefit), and significant and non-recurring legal matters, net of insurance recoveries. Adjusted EBITDA should not be considered as an alternative to net income (loss) or any other measure of financial performance calculated and presented in accordance with GAAP. Beginning in the current fiscal quarter, we updated our definition of Adjusted EBITDA to include certain significant and non-recurring legal matters, net of insurance recoveries, that we consider to be non-recurring and not reflective of our ongoing operations. This change better aligns Adjusted EBITDA with how management evaluates our core operating performance. This change in definition is applied prospectively beginning with the three months ended June 30, 2025. Prior periods have not been recast, as there is no impact to any previously reported amounts. Some of the limitations of Adjusted EBITDA include (i) Adjusted EBITDA does not properly reflect capital spending that occurs off of the income statement or account for future contractual commitments, (ii) although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and Adjusted EBITDA does not reflect these capital expenditures and (iii) Adjusted EBITDA does not reflect the interest and principal required to service our indebtedness. In evaluating Adjusted EBITDA, you should be aware that in the future we expect to incur expenses similar to the adjustments in this release. Our presentation of Adjusted EBITDA should not be construed as an inference that future results will be unaffected by these expenses or any unusual or non-routine items. When evaluating performance, you should consider Adjusted EBITDA alongside other financial performance measures, including net income (loss) and other GAAP results. Adjusted EBITDA Margin Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net revenue. Because of the limitations described above, you should consider Adjusted EBITDA and Adjusted EBITDA Margin alongside other financial performance measures, including net loss, net loss margin, and other GAAP results.
