Cambium Networks Q2 revenue $59.5M (-14% YoY), net loss $2.6M; Morgan Kurk named CEO

Cambium Networks Corp

2023-Q2 EPS reported $0.06 revenue$136,943,000

Revenue $59.5M, down 14% YoY and 23% sequentially; GAAP net loss $2.6M ($0.10 loss per share).
Non-GAAP net income $0.9M ($0.03 EPS); adjusted EBITDA $2.8M (4.7% of revenue).
Morgan Kurk appointed President & CEO effective immediately; Atul Bhatnagar steps down as CEO but remains on board.
Q3 2023 revenue guidance $62-70M, GAAP net loss to income of $(0.8M)-$2.4M.
Full year 2023 revenue outlook $265-275M, representing 7% to 11% decline.

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 0.9

Cambium Networks Corp reported second quarter 2023 ended June 30, 2023 results: revenue $59.5 million, net income net loss of $2.6 million or $0.10 per diluted share, EPS $0.10 per diluted share.

Period: second quarter 2023 ended June 30, 2023
Revenue: $59.5 million
Net income: net loss of $2.6 million or $0.10 per diluted share
EPS: $0.10 per diluted share
Result: reported results

Exact text from the filing

(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 decreased 14% year-over-year • Record Point-to-Point revenues of $25.1 million, up 39% sequentially, and increased 60% year-over-year • Gross

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Source: SEC EDGAR

accession 0000950170-23-038150

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