Cambium Networks (CMBM) Misses Q1 EPS by 23c, Misses on Revenue; Offers FY24 Revenue Guidance

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Go back to Cambium Networks (CMBM) Misses Q1 EPS by 23c, Misses on Revenue; Offers FY24 Revenue Guidance

Cambium Networks Reports First Quarter 2024 Financial Results

May 9, 2024 4:01 PM EDT

Revenues of $42.3 million, increased 5% sequentially, and decreased 45% year-over-yearGross margin of 20.5%, non-GAAP(1) gross margin of 22.7%Operating loss of $21.0 million, non-GAAP(1) operating loss of $16.7 millionNet loss of $26.4 million or a loss of $0.95 per diluted share, non-GAAP(1) net loss of $12.7 million or a loss of $0.46 per diluted shareAdjusted EBITDA(1) loss of $15.5 million or (36.7)% of revenues

HOFFMAN ESTATES, Ill., May 9, 2024 /PRNewswire/ -- Cambium Networks Corporation... More