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ZHNE on NASDAQ

Zhone Technologies

American telecom company (1999–2016)

Zhone Technologies, Inc. is a computer networking company specialized in fiber networking, access network equipment and cloud software founded in 1999.3 Its shares trade on NASDAQ under the symbol ZHNE.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1999Founded1

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  • TickerZHNE on NASDAQ1
  • IndustryTelephone & Telegraph Apparatus1
  • HeadquartersOakland1
  • Founded inOakland1
  • Websitezhone.com
  • Incorporated inDE4
  • Business address5700 Tennyson Parkway, Suite 400, Plano, Tx 750244
  • Filer categoryAccelerated filer, Smaller reporting company4

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Zhone Technologies, Inc. is a computer networking company specialized in fiber networking, access network equipment and cloud software founded in 1999.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

16.5%Gross margin7
-52.7%Operating margin7
-55.3%Net margin7
-31.6%Revenue growth, 20237
-599.4%Return on equity7
1.68×Debt to equity7
-$47.4MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue78¢$204.1M
  • Research and development21¢$55.8M
  • Income tax0¢$779.0K

Out of $244.5M in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$244.5M in 2023−1% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $247.1M$247.1M20172018: $282.3M$282.3M2018+14%2019: $306.9M$306.9M2019+9%2020: $300.6M$300.6M2020−2%2021: $350.2M$350.2M2021+16%2022: $357.5M$357.5M2022+2%2023: $244.5M$244.5M2023−32%
Gross profit8910117$40.4M in 2023−51% since 2017
0$50.0M$100.0M$150.0M2017: $82.8M$82.8M20172018: $91.3M$91.3M2018+10%2019: $100.1M$100.1M2019+10%2020: $96.9M$96.9M2020−3%2021: $120.3M$120.3M2021+24%2022: $113.5M$113.5M2022−6%2023: $40.4M$40.4M2023−64%
Operating income8910117-$129.0M in 2023
-$150.0M-$100.0M-$50.0M0$50.0M2017: $722.0K$722.0K20172018: $7.2M$7.2M2018+894%2019: -$7.0M-$7.0M20192020: -$12.5M-$12.5M2020+78%2021: -$32.3M-$32.3M2021+158%2022: -$37.0M-$37.0M2022+15%2023: -$129.0M-$129.0M2023+248%
Net income8910117-$135.2M in 2023
-$150.0M-$100.0M-$50.0M0$50.0M2017: $1.1M$1.1M20172018: $2.8M$2.8M2018+158%2019: -$13.5M-$13.5M20192020: -$23.1M-$23.1M2020+72%2021: -$34.7M-$34.7M2021+50%2022: -$41.3M-$41.3M2022+19%2023: -$135.2M-$135.2M2023+228%
Fiscal year2017201820192020202120222023
Revenue$247.1M8$282.3M9$306.9M10$300.6M11$350.2M11$357.5M7$244.5M7
Cost of revenue$164.3M8$191.0M9$206.8M10$203.8M11$229.9M11$244.0M7$204.1M7
Gross profit$82.8M8$91.3M9$100.1M10$96.9M11$120.3M11$113.5M7$40.4M7
Research and development$36.1M8$35.3M9$38.5M10$38.0M11$47.1M11$56.1M7$55.8M7
Operating expenses$152.5M11$150.5M7$169.4M7
Operating income$722.0K8$7.2M9-$7.0M10-$12.5M11-$32.3M11-$37.0M7-$129.0M7
Income before tax-$31.5M11-$40.3M7-$134.4M7
Income tax-$2.1M8$1.7M9$3.6M10$3.5M11$3.2M11$964.0K7$779.0K7
Net income$1.1M8$2.8M9-$13.5M10-$23.1M11-$34.7M11-$41.3M7-$135.2M7
Earnings per share$0.078$0.179-$0.6910-$1.0711-$1.3011-$1.477-$4.297
Earnings per share (diluted)$0.078$0.179-$0.6910-$1.0711-$1.3011-$1.477-$4.297
Shares (weighted, basic)26.7M shares1128.1M shares731.5M shares7
Shares (weighted, diluted)26.7M shares1128.1M shares731.5M shares7

Compare Zhone Technologies with another company

Corporate structure

Zhone Technologies sits at the top of its group. 26 entities, 16 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Zhone Technologies

  • DASAN Networks Filed SCHEDULE 13D/A on Zhone Technologies, latest Dec 17, 2025 (2 filings since Nov 21, 2022)
  • IV Global Fund No. 4 Filed SC 13D on Zhone Technologies, latest Jan 16, 2024
  • Orin Hirschman Filed SC 13G/A on Zhone Technologies, latest Feb 15, 2023 (2 filings since Feb 11, 2022)
  • Zhone Technologies Oakland
    • D-Mobile Limited Subsidiary · Taiwan
    • DASAN India Private Limited Subsidiary · India
    • Dasan Zhone Solutions do Brasil 10 Subsidiary · Brazil
    • DZS California Inc. 2 Subsidiary · California, United States
    • DZS Canada Inc. 4 Subsidiary · Canada
    • DZS Colombia Limitada 9 Subsidiary · Colombia
    • DZS GmbH 5 Subsidiary · Germany
    • DZS International Inc. 11 Subsidiary · Delaware, United States
    • DZS International Ltd. 8 Subsidiary · Cayman Islands
    • DZS Italy S.R.L. 13 Subsidiary · Italy
    • DZS Japan Inc. Subsidiary · Japan
    • DZS Ltd. 6 Subsidiary · United Kingdom
    • DZS Mexico S. de R.L. de C.V. 12 Subsidiary · Mexico
    • DZS Services Inc. 14 Subsidiary · Delaware, United States
    • DZS Solutions India Private Limited Subsidiary · India
    • DZS Solutions Limited 15 Subsidiary · Hong Kong
    • DZS Solutions Spain S.L.U. Subsidiary · Spain
    • DZS Sweden AB 7 Subsidiary · Sweden
    • DZS Vietnam Company Limited 3 Subsidiary · Vietnam
    • Keymile Ltda. Subsidiary · Brazil
    • Optelian Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • Optelian Servicios Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • Paradyne Corporation Subsidiary · Delaware, United States
    • Paradyne Finance Corp. Subsidiary · Delaware, United States
    • Zhone Technologies Campus, LLC Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Zhone Technologies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$23.6M7 Dec 31, 2023$30.6M7 Dec 31, 2022−22.8%
Accumulated depreciation$17.9M7 Dec 31, 2023$21.1M7 Dec 31, 2022−15.1%
Property and equipment, net$5.7M7 Dec 31, 2023$9.5M7 Dec 31, 2022−39.6%
Operating-lease assets (leased space)$7.1M7 Dec 31, 2023$12.6M7 Dec 31, 2022−43.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$19.0M7 Dec 31, 2023$34.3M7 Dec 31, 2022−44.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$07 Dec 31, 2023$12.6M7 Dec 31, 2022−100.0%
Intangible assets, net (excluding goodwill)$25.5M7 Dec 31, 2023$31.7M7 Dec 31, 2022−19.7%
Finite-lived intangibles, gross$38.2M7 Dec 31, 2023$41.8M7 Dec 31, 2022−8.8%
Accumulated amortization$12.7M7 Dec 31, 2023$10.1M7 Dec 31, 2022+25.7%
Finite-lived intangibles, net$25.5M7 Dec 31, 2023$31.7M7 Dec 31, 2022−19.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$82.2M7 Dec 31, 2023$94.3M7 Dec 31, 2022−12.8%
Raw materials$39.7M7 Dec 31, 2023$37.4M7 Dec 31, 2022+6.4%
Work in process$2.8M7 Dec 31, 2023$1.1M7 Dec 31, 2022+168.4%
Finished goods$39.7M7 Dec 31, 2023$55.9M7 Dec 31, 2022−29.0%

The story

Zhone Technologies was founded in September 1999 by former executives of Ascend Communications, Jeanette Symons, Mory Ejabat and Robert Dahl. The company was backed by former Lucent Technologies executive Richard McGinn. It got investments from various venture capital businesses.

In 2000, New Enterprise Associates invested 55 million USD, CalPERS 50 million USD, Texas Pacific Group 150 million USD and KKR also 150 million USD. Some people from Ascend invested 50 million USD.

In 2000, Forbes magazine noted "direct competition with Zhone, for now, is scarce, or at least unorganized." Zhone co-founder Symons died in a plane crash in February 2008.

In 2016, it merged with DASAN Network Solutions and became DASAN Zhone Solutions Inc. In 2020, it moved its headquartered from the San Francisco Bay Area to Plano. In August 2020, Charlie Vogt was named CEO and DASAN Zhone became DZS.

On March 14, 2025, DZS announced that they had filed for Chapter 7 bankruptcy.

On April 7, 2025, Canadian telecommunication provider MNSi Telecom announced to acquire the assets of DZS. That transaction was concluded on May 5, 2025 when the newly re-formed Zhone Technologies Inc. acquired substantially all of the assets of DZS.

From Wikipedia’s article on Zhone, shared under CC BY-SA 4.0.5

Leadership

Who has led Zhone Technologies, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Morteza Ejabat2006–2014
  2. James D. Norrod2014–2016
  3. Il Yung Kim2016–2019
  4. Charles D. Vogt2020–now

Chair

  1. Morteza Ejabat2014–2015

President

  1. Morteza Ejabat2006–2014
  2. James D. Norrod2014–2016
  3. Charles D. Vogt2020–now

Chief financial officer

  1. Kirk Misaka2006–2016
  2. Mikhail Golomb2017–2019
  3. Thomas Cancro2019–2021
  4. Misty Dawn Kawecki2021–now

Chief operating officer

  1. Philip Yim2019–2020
  2. Raghu Marthi2024–now
200020052010201520202025
Board members and other officers (31)

Products and brands

  • networking hardware

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • D-Mobile Limited Taiwan6
  • DASAN India Private Limited India6
  • DZS California Inc. 2 California6
  • DZS Canada Inc. 4 Canada6
  • DZS Colombia Limitada 9 Colombia6
  • DZS GmbH 5 Germany6
  • DZS International Inc. 11 Delaware6
  • DZS International Ltd. 8 Cayman Islands6
  • DZS Italy S.R.L. 13 Italy6
  • DZS Japan Inc. Japan6
  • DZS Ltd. 6 United Kingdom6
  • DZS Mexico S. de R.L. de C.V. 12 Mexico6
  • DZS Services Inc. 14 Delaware6
  • DZS Solutions India Private Limited India6
  • DZS Solutions Limited 15 Hong Kong6
  • DZS Solutions Spain S.L.U. Spain6
  • DZS Sweden AB 7 Sweden6
  • DZS Vietnam Company Limited 3 Vietnam6
  • Dasan Zhone Solutions do Brasil 10 Brazil6
  • Keymile Ltda. Brazil6
  • Optelian Mexico, S. de R.L. de C.V. Mexico6
  • Optelian Servicios Mexico, S. de R.L. de C.V. Mexico6
  • Paradyne Corporation Delaware6
  • Paradyne Finance Corp. Delaware6
All 28 listed subsidiaries
  • Zhone Technologies B.V. Netherlands6
  • Zhone Technologies Campus, LLC California6
  • Zhone Technologies Pte. Ltd. Singapore6
  • Zhone Technologies, SA (PTY) LTD South Africa6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. Succeeded by DZS1

Former names

  • DASAN ZHONE SOLUTIONS INCSep 12, 2016 to Oct 7, 20204
  • ZHONE TECHNOLOGIES INCNov 17, 2003 to Sep 7, 20164
  • TELLIUM INCSep 22, 2000 to Nov 13, 20034

Timeline

  1. Mar 14, 20258-K Bankruptcy or receivership; Debt or obligation accelerated; Other events53
  2. Mar 4, 20258-K Other events54
  3. Jan 29, 20258-K Regulation FD disclosure55
  4. Dec 30, 20248-K Completed an acquisition or sale56
  5. Nov 7, 20248-K Entered a material agreement; Regulation FD disclosure57
  6. Nov 6, 20248-K Results of operations; Regulation FD disclosure58
  7. Oct 29, 20248-K Completed an acquisition or sale59
  8. Oct 16, 20248-K Listing notice or transfer60
  9. Oct 16, 20248-K Entered a material agreement; Regulation FD disclosure61
  10. Sep 26, 20248-K Financial statements and exhibits62
  11. Sep 13, 20248-K Executive or director change63
  12. Sep 10, 20248-K Regulation FD disclosure64
  13. Aug 3, 2020New chief executive Charles D. Vogt becomes CEO15
  14. Sep 12, 2016New chief executive Il Yung Kim becomes CEO16
  15. Jul 21, 2014New chief executive James D. Norrod becomes CEO17
  16. Mar 14, 2006New chief executive Morteza Ejabat becomes CEO18
  17. 1999Founded Founded in Oakland1

Calendar

When it reported results

  1. Nov 6, 2024Reported quarterly or annual results58
  2. Sep 3, 2024Reported quarterly or annual results65
  3. Aug 20, 2024Reported quarterly or annual results66
  4. Aug 14, 2024Reported quarterly or annual results67
  5. Nov 9, 2023Reported quarterly or annual results68
  6. Aug 9, 2023Reported quarterly or annual results69
  7. May 8, 2023Reported quarterly or annual results70
  8. Feb 16, 2023Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

251 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 59 major events, 139 insider forms, 5 large holders, 30 other. The latest 20:

  1. Dec 17, 20254 EDGAR
  2. Dec 17, 2025SCHEDULE 13D/A EDGAR
  3. Mar 14, 20258-K EDGAR
  4. Mar 4, 20258-K EDGAR
  5. Jan 29, 20258-K EDGAR
  6. Jan 2, 20254 EDGAR
  7. Jan 2, 20254 EDGAR
  8. Jan 2, 20254 EDGAR
  9. Jan 2, 20254 EDGAR
  10. Jan 2, 20254 EDGAR
  11. Jan 2, 20254 EDGAR
  12. Dec 30, 20248-K EDGAR
  13. Dec 11, 20244 EDGAR
  14. Dec 9, 20244 EDGAR
  15. Dec 6, 20244 EDGAR
  16. Nov 12, 202410-Q EDGAR
  17. Nov 7, 20248-K EDGAR
  18. Nov 6, 20248-K EDGAR
  19. Oct 29, 20248-K EDGAR
  20. Oct 16, 20248-K EDGAR

The 251 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 6 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 4, 2025DASAN NETWORKS, INC10% ownerSale9,093,015Form 4
Dec 10, 2024VOGT CHARLES DPresident & CEOBuy10,000$0.85$8.5KForm 4
Dec 6, 2024Bross Matthew WDirectorBuy9,000$0.86$7.7KForm 4
Dec 4, 2024Bross Matthew WDirectorBuy1,000$0.88$880Form 4
Feb 23, 2023Kawecki Misty DawnChief Financial OfficerBuy2,500$10.84$27.1KForm 4
Feb 22, 2023Kawecki Misty DawnChief Financial OfficerBuy7,500$10.65$79.8KForm 4
Feb 22, 2023VOGT CHARLES DPresident & CEOBuy20,000$10.98$219.6KForm 4
Nov 21, 2022DASAN NETWORKS, INC10% ownerSale1,000,000$11.50$11.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Zhone Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDZS INC.2
  • CIK0001101680
  • Employer ID (EIN)22-35090992
  • Filer statusAccelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3661 Telephone & Telegraph Apparatus2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address5700 Tennyson Parkway, Suite 400, Plano, TX 750242
  • Phone46932715312
  • Shares outstanding38,789,398 as of Oct 31, 202412
  • Public float$87.4M as of Jun 30, 20237
  • On EDGAR sinceSep 22, 20002
  • Filings1,293 in all: 4 (567), 8-K (264), 10-Q (71), 3 (53), S-8 (27), 4/A (26), 10-K (23), DEF 14A (23)2
    All 48 form types

    425 (19), SC 13D/A (19), CORRESP (16), UPLOAD (15), 424B3 (14), SC 13G/A (13), SC 13D (12), 8-K/A (11), SD (11), NT 10-Q (10), SC 13G (10), 10-Q/A (9), SC TO-I/A (8), DEFA14A (7), S-1/A (7), 424B5 (6), ARS (5), NT 10-K (5), PRE 14A (5), S-3 (4), S-4/A (4), 10-K/A (3), S-3/A (3), S-4 (3), SC TO-I (3), EFFECT (2), S-1 (2), 25-NSE (1), 3/A (1), 424B4 (1), 5 (1), 8-A12G (1), D (1), DEFM14A (1), PREM14A (1), REGDEX (1), S-1MEF (1), S-8 POS (1), SC TO-C (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Aug 13, 2024
    Quarterly report (10-Q) Nov 12, 2024
    Proxy statement (DEF 14A) Apr 17, 2023
    Latest 8-K (8-K) Mar 14, 2025

Sources

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