Cambium Networks (CMBM) Misses Q4 EPS by 66c, Misses on Revenue; Offers FY24 Revenue Guidance

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Go back to Cambium Networks (CMBM) Misses Q4 EPS by 66c, Misses on Revenue; Offers FY24 Revenue Guidance

Cambium Networks Reports Fourth Quarter and Full Year 2023 Financial Results

February 15, 2024 4:01 PM EST

Revenues of $40.2 million, decreased 7% sequentially, and decreased 52% year-over-yearGross margin of (21.7)%, non-GAAP(1) gross margin of (19.4)%Operating loss of $39.3 million, non-GAAP(1) operating loss of $34.1 millionNet loss of $39.0 million or a loss of $1.41 per diluted share, non-GAAP(1) net loss of $26.4 million or a loss of $0.95 per diluted shareAdjusted EBITDA(1) loss of $32.9 million or (81.8)% of revenues

ROLLING MEADOWS, Ill., Feb. 15, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium... More