Cambium Networks Earnings Reports

Cambium Networks reported Q3 2024 revenues of $43.7 million, a 5% sequential decrease. However, gross margin improved, and the company generated positive cash from operations and $5.2 million in free cash flow. The Enterprise portfolio of products continued to grow.

Cambium Networks reported a 9% sequential increase in revenues to $45.9 million for Q2 2024. Gross margins improved, and the company generated positive cash from operations. The Enterprise and Point-to-Multi-Point businesses showed strength. Cambium expects continued financial improvements throughout 2024 by controlling costs and enhancing operating efficiency.

Cambium Networks reported Q1 2024 financial results with revenues of $42.3 million, a 5% sequential increase but a 45% year-over-year decrease. The company experienced a GAAP net loss of $26.4 million, or $0.95 per diluted share, and a non-GAAP net loss of $12.7 million, or $0.46 per diluted share. Adjusted EBITDA was a loss of $15.5 million, or (36.7)% of revenues.

Cambium Networks reported a challenging Q4 2023, with revenues of $40.2 million, a 52% decrease year-over-year. The company experienced a GAAP net loss of $39.0 million, or $1.41 per diluted share, and a non-GAAP net loss of $26.4 million, or $0.95 per diluted share. The revenue shortfall was attributed to incentives and discounts provided to distributors related to the Enterprise business, as well as slowing economies and lower Point-to-Multi-Point revenues.

Cambium Networks reported a challenging third quarter with a significant decrease in revenues, shifting from operating income to a substantial operating loss. The company faced headwinds including high channel inventories for Enterprise products, delayed government defense orders, and lower revenues in the Point-to-Multi-Point business.

Cambium Networks reported revenues of $59.5 million for Q2 2023, a decrease of 23% sequentially and an increase of 14% year-over-year. The company experienced a GAAP net loss of $2.6 million, or $0.10 per diluted share, and a non-GAAP net income of $0.9 million, or $0.03 per diluted share. Morgan Kurk was appointed as the new President and CEO.

Cambium Networks reported a 25% year-over-year increase in revenue, reaching $77.4 million, driven by strong enterprise product sales. The company's profitability was excellent, with a gross margin of 51.2% (52.1% non-GAAP) and operating income of $5.6 million ($9.4 million non-GAAP).

Cambium Networks reported Q4 2022 financial results with revenues of $84.5 million, a 7% increase year-over-year. The company's GAAP net income was $10.0 million, or $0.35 per diluted share, and non-GAAP net income was $10.3 million, or $0.36 per diluted share. The company expects to grow revenues and increase profitability in 2023.

Cambium Networks reported Q3 2022 financial results with revenues of $81.2 million, a 7% increase year-over-year. The company's GAAP net income was $9.4 million, or $0.34 per diluted share, while non-GAAP net income was $11.3 million, or $0.40 per diluted share. Adjusted EBITDA was $14.7 million, representing 18.2% of revenues.

Cambium Networks reported Q2 2022 revenues of $69.3 million, a 12% sequential increase but a 25% year-over-year decrease. The company's GAAP net income was $2.3 million, or $0.08 per diluted share, while non-GAAP net income was $5.0 million, or $0.18 per diluted share. Adjusted EBITDA stood at $7.8 million, representing 11.3% of revenues.

Cambium Networks reported revenues of $61.9 million for Q1 2022, a decrease of 30% year-over-year, primarily due to lower Point-to-Multi-Point and Point-to-Point revenues resulting from global supply and distribution constraints and slower demand from North American service providers. The company faced supply chain challenges due to COVID lockdowns in Shenzhen and Shanghai.

Cambium Networks reported Q4 2021 financial results with revenues of $78.7 million, a decrease of 5% year-over-year. Despite revenue decline, the company saw strong growth in enterprise Wi-Fi revenues, which increased 136% year-over-year. The company is working through supply chain issues which they expect to substantially improve during the second half of calendar 2022.

Cambium Networks reported Q3 2021 financial results with revenues of $75.9 million, a 4% increase year-over-year. However, revenues decreased 18% sequentially due to global supply constraints. GAAP net income was $4.6 million, or $0.16 per diluted share, while non-GAAP net income was $6.7 million, or $0.23 per diluted share. Adjusted EBITDA was $9.6 million, or 12.6% of revenues.

Cambium Networks reported a strong second quarter with record revenues of $92.7 million, a 49% increase year-over-year, driven by high demand for fixed wireless broadband and enterprise Wi-Fi solutions. The company achieved record operating income and adjusted EBITDA, reflecting its success as a global wireless infrastructure leader.

Cambium Networks reported record revenues of $88.5 million, a 46% increase year-over-year. Record net income was $19.9 million, or $0.70 per diluted share. The company's performance was driven by robust demand for wireless broadband connectivity and the acceptance of new product introductions.

Cambium Networks reported record revenues of $82.8 million for Q4 2020, a 29% increase year-over-year. Record net income was $10.5 million, or $0.38 per diluted share. The company benefited from investments in fixed wireless infrastructure technologies and increased demand due to work, learn, and play from home trends.

Cambium Networks reported record revenues of $73.0 million for Q3 2020, an 11% increase year-over-year, and record net income of $5.6 million, or $0.21 per diluted share. The company saw strong demand across its technology portfolio, driven by the need for fixed wireless broadband infrastructure and technology upgrades.

Cambium Networks reported revenues of $62.3 million, a net income of $3.3 million, and adjusted EBITDA of $7.7 million, representing 12.3% of revenues. The company saw a sequential increase in revenues driven by higher Point-to-Multi-Point revenues.

Cambium Networks reported Q1 2020 revenues of $60.4 million, exceeding the high-end of its outlook, with enterprise Wi-Fi revenues increasing 106% year-over-year. The company's financial position remains strong amidst market turbulence, driven by the increasing need for fixed wireless broadband infrastructure.

Cambium Networks reported a slight increase in revenue and a net loss for Q4 2019. Revenue grew by 1% year-over-year, driven by growth in enterprise Wi-Fi and Point-to-Point products, offset by lower Point-to-Multi-Point revenues. The company's GAAP net loss was $1.0 million, or $0.04 per diluted share, while non-GAAP net income was $2.3 million, or $0.09 per diluted share.