secwatch / observer
8-K/A filed March 15, 2024, 7:59 PM ET ticker CMBMF CIK 0001738177
earnings confidence high sentiment negative materiality 0.85

Cambium Networks amends Q4/FY23 results: net loss $52.9M, gross margin -27.4%

Cambium Networks Corp

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 the fourth quarter ended December 31, 2023 results: revenue $40.2 million, net income $52.9 million, EPS net loss of $1.91 per diluted share.

Period
the fourth quarter ended December 31, 2023
Revenue
$40.2 million
Net income
$52.9 million
EPS
net loss of $1.91 per diluted share
Result
reported results
Exact text from the filing
specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Cambium Networks Reports Fourth Quarter and Full Year 2023 Financial Results • Revenues of $40.2 million, decreased 7% sequentially, and decreased 52% year-over-year • Gross margin of (27.4)%, non-GAAP (1) gross margin of (25.1)% • Operating loss of $41.6 million, non-GAAP (1)
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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cambium Networks Corp reported the full year ended December 31, 2023 results: revenue $220.2 million, net income $77.4 million, EPS net loss of $2.81 per diluted share.

Period
the full year ended December 31, 2023
Revenue
$220.2 million
Net income
$77.4 million
EPS
net loss of $2.81 per diluted share
Result
reported results
Exact text from the filing
or 16.9% of revenues for the fourth quarter 2022, and adjusted EBITDA loss of $14.4 million or (33.5)% of revenues for the third quarter 2023. For full year 2023, revenues of $220.2 million decreased by $76.7 million compared to full year 2022. GAAP gross margin was 31.3% for full year 2023 compared to 48.9% for 2022. Non-GAAP gross margin was 32.7% of revenues for
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Source: SEC EDGAR
accession 0000950170-24-032211
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