---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-058170"
form_type: "8-K"
ticker: "CMBMF"
cik: "0001738177"
company_name: "Cambium Networks Corp"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:40:26.492377+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cambium Networks Q3 revenue down 47% YoY to $43M; GAAP net loss $0.95/share; initiates restructuring

## Summary
- Revenue $43.0M, down 47% YoY and 28% sequentially; GAAP gross margin collapsed to 25.5% from 50.7% YoY.
- GAAP net loss $26.2M ($0.95 per diluted share) vs. net income of $9.4M ($0.34) in Q3 2022.
- Non-GAAP net loss $12.1M ($0.44 per diluted share) vs. non-GAAP net income of $11.3M ($0.40) YoY.
- Q4 2023 guidance: revenue $45-50M; non-GAAP gross margin 38-45%; non-GAAP net loss $0.14-0.27 per share.
- Additional restructuring announced with $1.5-2.5M costs, primarily termination benefits, expected to complete by Q2 2024.

## SEC filing metadata
- accession: 0000950170-23-058170
- form_type: 8-K
- ticker: CMBMF
- cik: 0001738177
- company_name: Cambium Networks Corp
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/0000950170-23-058170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/cmbm-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-058170
- JSON: https://secwatch.observer/filing/0000950170-23-058170.json
- Plain text: https://secwatch.observer/filing/0000950170-23-058170.txt

## Key facts
- Earnings Releases
  Cambium Networks Corp reported the fourth quarter ending December 31, 2023 results: revenue $45.0-$50.0 million. Guidance initiated.
  - Period: the fourth quarter ending December 31, 2023
  - Revenue: $45.0-$50.0 million
  - Guidance: initiated
  - Result: guidance update
  source text: Fourth Quarter 2023 Financial Outlook Taking into account our current visibility, the financial outlook as of November 2, 2023, for the fourth quarter ending December 31, 2023, is expected to be as follows: • Revenues between $45.0-$50.0 million • GAAP gross margin between 36.3%-43.3%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/0000950170-23-058170-index.htm
- Earnings Releases
  Cambium Networks Corp reported third quarter 2023 ended September 30, 2023 results: revenue $43.0 million, net income Net loss of $26.2 million, EPS loss of $0.95 per diluted share.
  - Period: third quarter 2023 ended September 30, 2023
  - Revenue: $43.0 million
  - Net income: Net loss of $26.2 million
  - EPS: loss of $0.95 per diluted share
  - Result: reported results
  source text: Cambium Networks Reports Third Quarter 2023 Financial Results • Revenues of $43.0 million, decreased 28% sequentially, and decreased 47% year-over-year • Gross margin of 25.5%, non-GAAP (1) gross margin of 27.7% • Operating loss of $22.1 million, non-GAAP (1) operating loss of $15.5 million • Net loss of $26.2 million or a loss of $0.95 per diluted share, non-GAAP (1) net loss of $12.1 million or a loss of $0.44 per diluted share • Adjusted EBITDA (1) loss of $14.4 million or (33.5)% of revenues
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/0000950170-23-058170-index.htm
- Restructurings & Charges
  Cambium Networks Corp announced a restructuring with charges of approximately $1.5-$2.5 million.
  - Type: restructuring
  - Charge: approximately $1.5-$2.5 million
  source text: The Company expects to incur an additional approximately $1.5-$2.5 million in costs, primarily related to one-time termination benefits, which is expected to be substantially complete and costs incurred by the end of the second quarter of 2024, with all costs incurred expected by the end of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/0000950170-23-058170-index.htm

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