secwatch.observer — SEC 8-K summary
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Issuer:     Cambium Networks Corp (CMBMF)
CIK:        0001738177
Form:       8-K/A
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-038150
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738177/000095017023038150/0000950170-23-038150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738177/000095017023038150/cmbm-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-038150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer