Cambium Networks restates FY2022-2023 audited and six quarterly reports due to revenue errors

Cambium Networks Corp

Non-reliance on FY2022 and FY2023 audited financials and quarterly reports from Q1 2023 to Q3 2024.
Errors in variable consideration estimates (sales returns, customer rebates) under ASC 606.
2024 10-K and Q1 2025 10-Q unfiled; Q2 2025 10-Q will not be timely filed.
Disclosure controls and ICFR ineffective since Sept 2024; additional material weaknesses possible.
No willful misconduct found; restatement review ongoing with Grant Thornton and KPMG.

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