secwatch.observer — SEC 8-K summary
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Issuer:     Cambium Networks Corp (CMBMF)
CIK:        0001738177
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0000950170-22-005660
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cambium Networks cuts Q1 2022 revenue outlook to $61-63M from prior $77.5-81.5M due to China lockdowns
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- Preliminary Q1 2022 GAAP revenue expected at $61-63M versus prior guidance of $77.5-81.5M.
- Two unexpected COVID lockdowns: Shenzhen factory in mid-March and Shanghai warehouse in last two weeks.
- Net income expected below the low-end of both GAAP and non-GAAP guidance ranges.
- Cash balance approximately $38M as of end of Q1.
- Some Q2 revenue recovery expected if lockdowns reverse; backlog up 10% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738177/000095017022005660/0000950170-22-005660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738177/000095017022005660/cmbm-20220413.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-005660

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