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 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 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 margin6
-52.7%Operating margin6
-55.3%Net margin6
-31.6%Revenue growth, 20236
-599.4%Return on equity6
1.68×Debt to equity6
-$47.4MFree cash flow6

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.6 The company lost money this year.

Financial statements

Revenue789106$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 profit789106$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 income789106-$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 income789106-$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$247.1M7$282.3M8$306.9M9$300.6M10$350.2M10$357.5M6$244.5M6
Cost of revenue$164.3M7$191.0M8$206.8M9$203.8M10$229.9M10$244.0M6$204.1M6
Gross profit$82.8M7$91.3M8$100.1M9$96.9M10$120.3M10$113.5M6$40.4M6
Research and development$36.1M7$35.3M8$38.5M9$38.0M10$47.1M10$56.1M6$55.8M6
Operating expenses$152.5M10$150.5M6$169.4M6
Operating income$722.0K7$7.2M8-$7.0M9-$12.5M10-$32.3M10-$37.0M6-$129.0M6
Income before tax-$31.5M10-$40.3M6-$134.4M6
Income tax-$2.1M7$1.7M8$3.6M9$3.5M10$3.2M10$964.0K6$779.0K6
Net income$1.1M7$2.8M8-$13.5M9-$23.1M10-$34.7M10-$41.3M6-$135.2M6
Earnings per share$0.077$0.178-$0.699-$1.0710-$1.3010-$1.476-$4.296
Earnings per share (diluted)$0.077$0.178-$0.699-$1.0710-$1.3010-$1.476-$4.296
Shares (weighted, basic)26.7M shares1028.1M shares631.5M shares6
Shares (weighted, diluted)26.7M shares1028.1M shares631.5M shares6

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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

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. Aug 3, 2020New chief executive Charles D. Vogt becomes CEO14
  2. Sep 12, 2016New chief executive Il Yung Kim becomes CEO15
  3. Jul 21, 2014New chief executive James D. Norrod becomes CEO16
  4. Mar 14, 2006New chief executive Morteza Ejabat becomes CEO17
  5. 1999Founded Founded in Oakland1

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.

Sources

The numbers on this page point here. Each one links to the record it came from.

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