earnings
confidence high
sentiment negative
materiality 0.80
Cambium Networks Q2 revenue $45.9M (+9% seq) net loss $0.33/sh; sees Q3 rev $43-48M
Cambium Networks Corp
2024-Q2 EPS
reported -$1.28
vs consensus -$0.22
▼ miss
(-492.0%)
- GAAP net loss $9.1M ($0.33 diluted); non-GAAP net loss $7.1M ($0.25 diluted).
- Adjusted EBITDA loss $6.7M, improved 57% sequentially from $15.5M loss in Q1.
- Q3 2024 guidance: revenue $43-48M, GAAP gross margin 39.5-41.5%, non-GAAP operating loss $3.6-5.6M.
- Full year 2024 revenue guided $180-190M; adjusted EBITDA margin (12.0)%-(16.2)%.
- Cash from operations positive $2.4M; cash balance $42.6M at June 30.