---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-015860"
form_type: "8-K"
ticker: "CMBMF"
cik: "0001738177"
company_name: "Cambium Networks Corp"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:21:43.704594+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cambium Networks Q4 2023 revenue down 52% YoY; GAAP net loss $39M

## Summary
- Q4 revenue $40.2M, down 52% YoY from $84.5M; GAAP net loss $39.0M ($1.41 EPS).
- Q4 gross margin negative 21.7%; non-GAAP gross margin negative 19.4%. Inventory reserves $18.9M.
- Full-year 2023 revenue $220.2M, down 26% from 2022; GAAP net loss $63.6M ($2.31 EPS).
- Q1 2024 guidance: revenue $43-48M, adjusted EBITDA loss $4.1-6.6M; FY24 revenue $215-245M.

## SEC filing metadata
- accession: 0000950170-24-015860
- form_type: 8-K
- ticker: CMBMF
- cik: 0001738177
- company_name: Cambium Networks Corp
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738177/000095017024015860/0000950170-24-015860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738177/000095017024015860/cmbm-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-015860
- JSON: https://secwatch.observer/filing/0000950170-24-015860.json
- Plain text: https://secwatch.observer/filing/0000950170-24-015860.txt

## Key facts
- Earnings Releases
  Cambium Networks Corp reported the fourth quarter ended December 31, 2023 results: revenue $40.2 million, net income $39.0 million, EPS a loss of $1.41 per diluted share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $40.2 million
  - Net income: $39.0 million
  - EPS: a loss of $1.41 per diluted share
  - Result: reported results
  source text: • Revenues of $40.2 million, decreased 7% sequentially, and decreased 52% year-over-year • Gross margin of (21.7)%, non-GAAP (1) gross margin of (19.4)% • Operating loss of $39.3 million, non-GAAP (1) operating loss of $34.1 million • Net loss of $39.0 million or a loss of $1.41 per diluted share, non-GAAP (1) net loss of $26.4 million or a loss of $0.95 per diluted share • Adjusted EBITDA (1) loss of $32.9 million or (81.8)% of revenues
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017024015860/0000950170-24-015860-index.htm
- Earnings Releases
  Cambium Networks Corp reported the full year ended December 31, 2023 results: revenue $220.2 million, net income $63.6 million, EPS a net loss of $2.31 per diluted share.
  - Period: the full year ended December 31, 2023
  - Revenue: $220.2 million
  - Net income: $63.6 million
  - EPS: a net loss of $2.31 per diluted share
  - Result: reported results
  source text: For full year 2023, revenues of $220.2 million decreased by $76.7 million compared to full year 2022. GAAP gross margin was 32.3% for full year 2023 compared to 48.9% for 2022. Non-GAAP gross margin was 33.8% of revenues for full year 2023, compared to 49.5% of revenues for 2022. GAAP operating loss of $58.6 million for full year 2023 compared to GAAP operating income of $19.9 million for 2022. Non-GAAP operating loss was $38.6 million or (17.5)% of revenues for full year 2023, compared to non-GAAP operating income of $34.3 million or 11.6% of revenues during 2022. GAAP net loss for full year 2023 was $63.6 million, or a net loss of $2.31 per diluted share, compared to GAAP net income of $20.2 million, or net earnings of $0.72 per diluted share for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017024015860/0000950170-24-015860-index.htm

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