Cambium Networks (CMBM) Misses Q2 EPS by 18c, Misses on Revenue

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Go back to Cambium Networks (CMBM) Misses Q2 EPS by 18c, Misses on Revenue

Cambium Networks Reports Second Quarter 2023 Financial Results

August 1, 2023 4:01 PM EDT

Morgan Kurk Announced as President & Chief Executive Officer

Revenues of $59.5 million, decreased 23% sequentially, and increased 14% year-over-yearRecord Point-to-Point revenues of $25.1 million, up 39% sequentially, and increased 60% year-over-yearGross margin of 49.1%, non-GAAP(1) gross margin of 50.3%Operating loss of $2.7 million, non-GAAP(1) operating income of $1.6 millionNet loss of $2.6 million or $0.10 per diluted share, non-GAAP(1) net income of $0.9 million or $0.03 per diluted shareAdjusted EBITDA(1) of $2.8 million or 4.7% of revenues

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