secwatch.observer — SEC 8-K summary
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Issuer:     Cambium Networks Corp (CMBMF)
CIK:        0001738177
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058170
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/0000950170-23-058170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738177/000095017023058170/cmbm-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058170

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