secwatch.observer — SEC 8-K summary
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Issuer:     Cambium Networks Corp (CMBMF)
CIK:        0001738177
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123325
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cambium Networks Q3 revenue $43.7M, net loss $0.34/share; warns of covenant non-compliance
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- Revenue $43.7M (-5% seq); GAAP gross margin 39.9% vs 31.4% Q2; GAAP operating loss $8.1M.
- Non-GAAP net loss $3.8M ($0.14/diluted share); adjusted EBITDA loss $2.3M (-5.3% of revenue).
- Cash $46.5M; operating cash flow $8.9M; free cash flow $5.2M.
- Not in compliance with quarterly consolidated EBITDA covenant as of Sep 30 and liquidity covenant as of Oct 31.
- Q4 outlook: revenue $40-45M; GAAP operating loss $7-9M; seeking forbearance from lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738177/000095017024123325/0000950170-24-123325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738177/000095017024123325/cmbm-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer