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Sep 30, 2024
Cambium Networks Q3 2024 Earnings Report
Cambium Networks' Q3 2024 financial results were announced, showing a sequential decrease in revenues but improvements in gross margin and cash flow.
Key Takeaways
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.
Revenues decreased 5% sequentially to $43.7 million.
Gross margin increased to 39.9%, and non-GAAP gross margin reached 42.3%.
Operating loss improved to $8.1 million, with a non-GAAP operating loss of $3.6 million.
Net cash from operating activities was $8.9 million, and the company held $46.5 million in cash.
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.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comCaribbean and Latin America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Cambium Networks anticipates revenues between $40.0 and $45.0 million for the fourth quarter ending December 31, 2024.
Positive Outlook
- GAAP gross margin is expected to be between 40.0% and 42.0%.
- Non-GAAP gross margin is anticipated to be between 42.5% and 44.5%.
- GAAP operating loss is projected to be between $7.0 and $9.0 million.
- Non-GAAP operating loss is expected to be between $3.0 and $5.0 million.
- Adjusted EBITDA loss is forecasted to be between $1.0 and $3.0 million.
Challenges Ahead
- Adjusted EBITDA margin is expected to be between (2.0)% and (7.0)%.
- The financial outlook does not include the potential impact of any possible future financial transactions.
- The financial outlook does not include the potential impact of acquisitions.
- The financial outlook does not include the potential impact of pending legal matters.
- Actual results may differ materially from the outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income