Cambium Q2 rev $69.3M (-25% YoY); EPS $0.08 GAAP, $0.18 adj; Q3 rev $72-76M

Cambium Networks Corp

2022-Q2 EPS reported $0.03 revenue$131,192,000

Q2 revenue $69.3M, down 25% YoY, up 12% sequentially; Enterprise Wi-Fi revenue $24.0M, up 55% sequentially.
GAAP net income $2.3M ($0.08/diluted share); non-GAAP net income $5.0M ($0.18/diluted share).
Adjusted EBITDA $7.8M (11.3% margin) vs $18.4M (19.9%) YoY; cash from operations $10.0M.
Q3 guidance: revenue $72-76M, GAAP EPS $0.06-0.10, non-GAAP EPS $0.16-0.20, adjusted EBITDA margin 9.8%-11.5%.
Supply chain improving with easing of China COVID lockdowns; 36% increase in cloud-managed devices YoY.

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