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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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