---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036451"
form_type: "8-K"
ticker: "CMBMF"
cik: "0001738177"
company_name: "Cambium Networks Corp"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:38:03.823004+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cambium Networks appoints new CEO as Q2 revenue falls 14% YoY, posts net loss of $2.6M

## Summary
- Morgan Kurk named CEO effective Aug 1, replacing Atul Bhatnagar who remains on board; cost reduction plan with ~$2M in charges initiated.
- Q2 revenue $59.5M (-14% YoY, -23% seq); GAAP net loss $2.6M ($0.10/sh) vs net income $2.3M a year ago.
- Adjusted EBITDA $2.8M (4.7% of revenue) down from $7.8M (11.3%) in Q2 2022.
- Q3 guidance: revenue $62-70M, GAAP net loss up to $0.8M or net income up to $2.4M; FY outlook lowered to $265-275M revenue.
- Non-GAAP Q2 EPS $0.03 vs $0.18 a year ago; Point-to-Point revenue record $25.1M (+60% YoY) but Enterprise demand weak.

## SEC filing metadata
- accession: 0000950170-23-036451
- form_type: 8-K
- ticker: CMBMF
- cik: 0001738177
- company_name: Cambium Networks Corp
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/cmbm-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036451
- JSON: https://secwatch.observer/filing/0000950170-23-036451.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036451.txt

## Key facts
- Earnings Releases
  Cambium Networks Corp reported the second quarter 2023 ended June 30, 2023 results: revenue $59.5 million, net income $2.6 million, EPS $0.10 per diluted share.
  - Period: the second quarter 2023 ended June 30, 2023
  - Revenue: $59.5 million
  - Net income: $2.6 million
  - EPS: $0.10 per diluted share
  - Result: reported results
  source text: (EX-99.1) --- EX-99.1 Exhibit 99.1 Cambium Networks Reports Second Quarter 2023 Financial Results Morgan Kurk Announced as President & Chief Executive Officer • Revenues of $59.5 million, decreased 23% sequentially, and increased 14% year-over-year • Record Point-to-Point revenues of $25.1 million, up 39% sequentially, and increased 60% year-over-year • Gross
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm
- Executive change
  Morgan Kurk was appointed as President and Chief Executive Officer at Cambium Networks Corp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Board of Directors (the “Board”) of the Company appointed Morgan Kurk as President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm
- Executive change
  Atul Bhatnagar departed as President and Chief Executive Officer at Cambium Networks Corp.
  - Action: stepped down
  - Role: President and Chief Executive Officer
  source text: Atul Bhatnagar has stepped down from his position as President and Chief Executive Officer of the Company as of the Effective Date, but will continue to serve as a non-employee director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm
- Executive change
  Morgan Kurk was appointed as Class II director at Cambium Networks Corp.
  - Action: appointed
  - Role: Class II director
  source text: The Board also approved an increase in the size of the Board from six to seven directors, and appointed Mr. Kurk as a Class II director as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm
- Restructurings & Charges
  Cambium Networks Corp announced a restructuring with charges of approximately $2.0 million in costs, primarily related to one-time termination benefits, contract termination costs, and other associated costs.
  - Type: restructuring
  - Charge: approximately $2.0 million in costs, primarily related to one-time termination benefits, contract termination costs, and other associated costs
  source text: The Company expects to incur approximately $2.0 million in costs, primarily related to one-time termination benefits, contract termination costs, and other associated costs, the majority of which will be incurred in the third quarter of 2023, and expects all costs incurred and cost reductions to be completed by the end of the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023036451/0000950170-23-036451-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.