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.
Revenues reached a record $88.5 million, up 46% year-over-year.
GAAP net income was a record $19.9 million, or $0.70 per diluted share.
Non-GAAP net income was a record $11.7 million, or $0.41 per diluted share.
Adjusted EBITDA reached a record $16.5 million, representing 18.6% of revenues.
Cambium Networks provided financial outlook for the second quarter ending June 30, 2021, and full year ending December 31, 2021.
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