Loading...
•
Sep 30, 2021
Cambium Networks Q3 2021 Earnings Report
Cambium Networks reported financial results with revenues up year-over-year, but decreased sequentially due to global supply constraints.
Key Takeaways
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.
Revenues of $75.9 million, up 4% year-over-year.
GAAP net income of $4.6 million or $0.16 per diluted share, and non-GAAP net income of $6.7 million or $0.23 per diluted share.
Adjusted EBITDA of $9.6 million or 12.6% of revenues.
Point-to-Multi-Point revenues of $50.1 million, increased 16% year-over-year.
Cambium Networks
Cambium Networks
Cambium Networks Revenue by Segment
Cambium Networks Revenue by Geographic Location
Revenue by Segment
Point-to-Multi-Point Revenue
CapyFin.comPoint-to-Point Revenue
CapyFin.comWi-Fi Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comCaribbean and Latin America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
For the fourth quarter ending December 31, 2021, Cambium Networks expects revenues between $73.5-$77.5 million, GAAP gross margin between 45.3%-46.8%, and adjusted EBITDA between $5.8-$7.8 million.
Positive Outlook
- Revenues between $73.5-$77.5 million
- GAAP gross margin between 45.3%-46.8%; and non-GAAP gross margin between 45.5%-47.0%
- GAAP operating expenses between $31.1-$32.1 million; and non-GAAP operating expenses between $28.5-$29.5 million
- GAAP operating income between $2.2-$4.2 million; and non-GAAP operating income between $4.9-$6.9 million
- Adjusted EBITDA between $5.8-$7.8 million; and adjusted EBITDA margin between 7.9%-10.1%
Challenges Ahead
- Global supply constraints impacting the procurement and shipments of products
- GAAP gross margin between 45.3%-46.8%
- GAAP operating expenses between $31.1-$32.1 million
- GAAP operating income between $2.2-$4.2 million
- Adjusted EBITDA between $5.8-$7.8 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income