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Dec 31, 2020
Cambium Networks Q4 2020 Earnings Report
Reported record revenues, increased demand for wireless broadband connectivity, and improved networking infrastructure.
Key Takeaways
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.
Record revenues of $82.8 million, up 29% year-over-year.
GAAP net income of $10.5 million or $0.38 per diluted share.
Adjusted EBITDA of $13.9 million or 16.8% of revenues.
Net cash provided by operating activities was $15.1 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Cambium Networks provided financial outlook for the first quarter ending March 31, 2021.
Positive Outlook
- Revenues between $81.0-$85.0 million
- GAAP gross margin between 49.3%-50.3%; and non-GAAP gross margin between 49.5%-50.5%
- GAAP operating income between $9.7-$11.5 million; and non-GAAP operating income between $11.6-$13.4 million
- GAAP net income between $8.1-$9.6 million or between $0.29 and $0.34 per diluted share; and non-GAAP net income between $8.4-$9.7 million or between $0.30 and $0.34 per diluted share
- Adjusted EBITDA between $12.6-$14.5 million; and adjusted EBITDA margin between 15.6%-17.0%
Challenges Ahead
- Interest expense, net of approximately $1.4 million
- GAAP taxes between 2.0%-5.0%; and a non-GAAP effective tax rate of approximately 17.0%-19.0%
- Approximately 28.3 million weighted average diluted shares outstanding
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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