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Mar 31, 2025
Ceragon Q1 2025 Earnings Report
Ceragon Networks reported its financial results for the first quarter ended March 31, 2025, with revenues of $88.7 million, marking the strongest bookings since Q1 2024.
Key Takeaways
Ceragon Networks reported Q1 2025 revenues of $88.7 million, a slight increase of 0.2% year-over-year. The company posted a GAAP net loss of $1.0 million and a GAAP operating loss of $1.1 million, impacted by non-recurring restructuring and acquisition-related charges. Non-GAAP results showed a net income of $2.6 million and an operating profit of $4.5 million.
Revenues for Q1 2025 were $88.7 million, a 0.2% increase compared to Q1 2024.
The company reported a GAAP net loss of $1.0 million, or ($0.01) per diluted share, and a non-GAAP net income of $2.6 million, or $0.03 per diluted share.
Operating income on a GAAP basis was ($1.1) million, while non-GAAP operating profit was $4.5 million, reflecting significant non-recurring charges.
Bookings in India and North America reached their highest levels since Q1 2024, and EMEA saw a rebound driven by private networks in Africa.
Revenue by Geographic Location
Forward Guidance
Management reiterated its 2025 outlook, projecting revenues between $390 million and $430 million, including contributions from E2E Technologies, and targeting at least 10% non-GAAP operating margins at the low end of the revenue guidance, with free cash flow growth over 2024.
Positive Outlook
- Revenue projected between $390 million and $430 million for 2025.
- Includes contribution from E2E Technologies, consolidated from February 2025.
- Non-GAAP operating margins targeted to be at least 10% at the low end of the revenue guidance.
- Free cash flow growth expected in 2025 over 2024.
- Continued expansion of relevant and creative use-cases globally is encouraging.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not detail potential risks to achieving the revenue target.
- No specific challenges to maintaining or improving operating margins were mentioned.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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