Cambium Networks Q4 revenue $84.5M (+7% YoY), EPS $0.35; guides FY23 rev $327-345M

Cambium Networks Corp

2022-FY EPS reported $0.72 revenue$296,899,000

Q4 2022 revenue $84.5M (+7% YoY); GAAP net income $10.0M ($0.35 diluted EPS); non-GAAP net income $10.3M ($0.36).
Adjusted EBITDA $14.3M (16.9% of revenue) vs $6.7M (8.6%) in Q4 2021.
Full year 2022 revenue $296.9M (-12% YoY); GAAP net income $20.2M ($0.72 EPS); non-GAAP $26.9M ($0.94 EPS).
Q1 2023 guidance: revenue $74-80M; non-GAAP EPS $0.14-$0.23; Adj. EBITDA $6.8-$10.0M.
FY 2023 guidance: revenue $327-345M; GAAP EPS $0.81-0.89; non-GAAP EPS $1.17-1.25; Adj. EBITDA margin 14.5-15%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cambium Networks Corp reported the fourth quarter 2022 ended December 31, 2022 results: revenue $84.5 million, net income $10.0 million, EPS $0.35 per diluted share.

Period: the fourth quarter 2022 ended December 31, 2022
Revenue: $84.5 million
Net income: $10.0 million
EPS: $0.35 per diluted share
Result: reported results

Exact text from the filing

Cambium Networks Reports Fourth Quarter and Full Year 2022 Financial Results • Revenues of $84.5 million, increased 4% sequentially, and 7% year-over-year • North America revenues of $44.4 million, grew 47% sequentially, and increased 33% year-over-year • Gross margin of 49.0%, non-GAAP (1) gross margin of 49.6% • Operating income of $9.5 million, non-GAAP (1) operating income of $13.2 million • Net income of $10.0 million or $0.35 per diluted share, non-GAAP (1) net income of $10.3 million or $0.36 per diluted share • Adjusted EBITDA (1) of $14.3 million or 16.9% of revenues

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cambium Networks Corp reported the full year 2022 ended December 31, 2022 results: revenue $296.9 million, net income $20.2 million, EPS $0.72 per diluted share.

Period: the full year 2022 ended December 31, 2022
Revenue: $296.9 million
Net income: $20.2 million
EPS: $0.72 per diluted share
Result: reported results

Exact text from the filing

For full year 2022, revenues of $296.9 million decreased by $39.0 million compared to full year 2021. GAAP gross margin was 48.9% for full year 2022 compared to 47.9% for 2021. Non-GAAP gross margin was 49.5% of revenues for full year 2022, compared to 48.2% of revenues for 2021. GAAP operating income of $19.9 million for full year 2022 compared to $36.4 million for 2021. Non-GAAP operating income was $34.3 million or 11.6% of revenues for full year 2022, compared to $47.4 million or 14.1% of revenues during 2021. GAAP net income for full year 2022 was $20.2 million, or net earnings of $0.72 per diluted share, compared to GAAP net income of $37.4 million, or net earnings of $1.31 per diluted share, for 2021.

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Source: SEC EDGAR

accession 0000950170-23-003043

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