Cambium Networks (CMBM) Tops Q1 EPS by 4c; Offers FY23 Guidance

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Go back to Cambium Networks (CMBM) Tops Q1 EPS by 4c; Offers FY23 Guidance

Cambium Networks Reports First Quarter 2023 Financial Results

May 8, 2023 4:01 PM EDT

Revenues of $77.4 million, decreased 8% sequentially, and increased 25% year-over-yearEnterprise revenues of $35.7 million, up 11% sequentially, and increased 130% year-over-yearGross margin of 51.2%, non-GAAP(1) gross margin of 52.1%Operating income of $5.6 million, non-GAAP(1) operating income of $9.4 millionNet income of $4.3 million or $0.15 per diluted share, non-GAAP(1) net income of $6.8 million or $0.24 per diluted shareAdjusted EBITDA(1) of $10.4 million or 13.4% of revenues

ROLLING MEADOWS, Ill., May. 8, 2023 /PRNewswire/ -- Cambium Networks... More