Cambium Networks Q1 revenue $61.9M (-30% YoY); guides FY2022 revenue $280-300M

Cambium Networks Corp

2022-Q1 EPS reported -$0.06 revenue$61,896,000

Revenue $61.9M (-30% YoY, -21% QoQ); Enterprise Wi-Fi up 28% YoY to $15.5M.
GAAP net loss $1.6M ($0.06 loss per share); non-GAAP net income $0.3M ($0.01 EPS).
Adjusted EBITDA $1.9M (3.1% margin) vs $16.5M (18.6%) a year ago.
Q2 2022 guidance: revenue $65-73M; full FY2022 revenue $280-300M (down ~11-17% YoY).
CEO cites Chinese COVID lockdowns in Shenzhen and Shanghai as key headwinds; cash $38.4M.

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