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Dec 31, 2023
Cambium Networks Q4 2023 Earnings Report
Reported a decrease in revenue and a net loss, impacted by enterprise business incentives and discounts.
Key Takeaways
Cambium Networks reported a challenging Q4 2023, with revenues of $40.2 million, a 52% decrease year-over-year. The company experienced a GAAP net loss of $39.0 million, or $1.41 per diluted share, and a non-GAAP net loss of $26.4 million, or $0.95 per diluted share. The revenue shortfall was attributed to incentives and discounts provided to distributors related to the Enterprise business, as well as slowing economies and lower Point-to-Multi-Point revenues.
Revenues decreased 52% year-over-year to $40.2 million.
GAAP net loss was $39.0 million, or $1.41 per diluted share.
Non-GAAP net loss was $26.4 million, or $0.95 per diluted share.
Adjusted EBITDA loss was $32.9 million, or (81.8)% of revenues.
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
For the first quarter of 2024, Cambium Networks anticipates revenues between $43.0 and $48.0 million, GAAP gross margin between 39.3% and 42.3%, and a GAAP operating loss between $9.2 and $11.6 million.
Positive Outlook
- Revenues between $43.0-$48.0 million
- GAAP gross margin between 39.3%-42.3%
- Non-GAAP gross margin between 41.0%-44.0%
- GAAP operating expenses between $28.5-$29.5 million
- Non-GAAP operating expenses between $25.4-$26.4 million
Challenges Ahead
- GAAP operating loss between $9.2-$11.6 million
- Non-GAAP operating loss between $5.3-$7.8 million
- GAAP net loss between $8.6-$11.0 million or a net loss between $0.31 and $0.39 per diluted share
- Non-GAAP net loss between $6.1-$8.6 million or a net loss between $0.22 and $0.31 per diluted share
- Adjusted EBITDA loss between $4.1-$6.6 million; and adjusted EBITDA margin between (8.6)%-(15.4)%
Revenue & Expenses
Visualization of income flow from segment revenue to net income