Vistance Networks posted Q2 net sales of $319.6 million, down 1.4% from a year earlier.
GAAP income from continuing operations rose to $26.1 million; GAAP diluted EPS from continuing operations swung to $0.06.
Non-GAAP adjusted EBITDA fell 32.1% to $35.8 million; core non-GAAP adjusted EBITDA dropped 43.3% to $45.5 million.
Free cash flow was $(74.7) million, with cash flow used in operations of $(72.7) million.
Sale of RUCKUS and outlook
Following the July 1 RUCKUS sale for about $1.85 billion, a $5 per-share special distribution is planned by end-August; full-year adjusted EBITDA guideposts were cut to $200-$225 million.
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