Cambium Networks Q1 revenue $77.4M (+25% YoY); FY guide $327-337M

Revenues between $72.0-$80.0 million, up approximately 4%-15% year-over-year • GAAP gross margin between 49.4%-50.9%; and non-GAAP gross margin between 50.3%-51.8% • GAAP operating expenses between $33.5-$34.5 million; and non-GAAP operating expenses between $30.3-$31.3 million • GAAP operating income between $2.1-$6.2 million; and non-GAAP operating income between $5.9-$10.1 million • Interest expense, net of approximately $0.6 million • GAAP net income between $1.2-$4.8 million or between $0.04 and $0.17 per diluted share; and non-GAAP net income between $4.2-$7.6 million or between $0.15 and $0.27 per diluted share • Adjusted EBITDA between $6.9-$11.1 million; and adjusted EBITDA margin between 9.6%-13.9% • GAAP effective tax rate of approximately 11.0%-15.0%; and non-GAAP effective tax rate of approximately 17.0%-21.0% • Approximately 28.6 million w

Cambium Networks Reports First Quarter 2023 Financial Results • Revenues of $77.4 million, decreased 8% sequentially, and increased 25% year-over-year • Enterprise revenues of $35.7 million, up 11% sequentially, and increased 130% year-over-year • Gross margin of 51.2%, non-GAAP (1) gross margin of 52.1% • Operating income of $5.6 million, non-GAAP (1) operating income of $9.4 million • Net income of $4.3 million or $0.15 per diluted share, non-GAAP (1) net income of $6.8 million or $0.24 per diluted share • Adjusted EBITDA (1) of $10.4 million or 13.4% of revenues