Cambium Networks (CMBM) Misses Q1 EPS by 13c
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Cambium Networks Reports First Quarter 2022 Financial Results
May 5, 2022 4:01 PM EDTRevenues of $61.9 million, decreased 21% sequentially, and decreased 30% year-over-yearEnterprise Wi-Fi revenues of $15.5 million, increased 28% year-over-yearGross margin of 47.1%, non-GAAP(1) gross margin of 47.8%Operating loss of $2.2 million, non-GAAP(1) operating income of $1.0 millionNet loss of $1.6 million or $0.06 per diluted share, non-GAAP(1) net income of $0.3 million or $0.01 per diluted shareAdjusted EBITDA(1) of $1.9 million or 3.1% of revenues
ROLLING MEADOWS, Ill., May 5, 2022 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced financial results for the first quarter 2022 ended March 31, 2022.
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