Cambium Networks Corp reported first quarter 2023 ended March 31, 2023 results: revenue $77.4 million, net income $4.3 million, EPS $0.15 per diluted share.
“Cambium Networks Reports First Quarter 2023 Financial Results • Revenues of $77.4 million, decreased 8% sequentially, and increased 25% year-over-year • Enterprise revenues of $35.7 million, up 11% sequentially, and increased 130% year-over-year • Gross margin of 51.2%, non-GAAP (1) gross margin of 52.1% • Operating income of $5.6 million, non-GAAP (1) operating income of $9.4 million • Net income of $4.3 million or $0.15 per diluted share, non-GAAP (1) net income of $6.8 million or $0.24 per diluted share • Adjusted EBITDA (1) of $10.4 million or 13.4% of revenues”
Earnings Releases
Cambium Networks Corp reported the full year 2022 ended December 31, 2022 results: revenue $296.9 million, net income $20.2 million, EPS $0.72 per diluted share.
“For full year 2022, revenues of $296.9 million decreased by $39.0 million compared to full year 2021. GAAP gross margin was 48.9% for full year 2022 compared to 47.9% for 2021. Non-GAAP gross margin was 49.5% of revenues for full year 2022, compared to 48.2% of revenues for 2021. GAAP operating income of $19.9 million for full year 2022 compared to $36.4 million for 2021. Non-GAAP operating income was $34.3 million or 11.6% of revenues for full year 2022, compared to $47.4 million or 14.1% of revenues during 2021. GAAP net income for full year 2022 was $20.2 million, or net earnings of $0.72 per diluted share, compared to GAAP net income of $37.4 million, or net earnings of $1.31 per diluted share, for 2021.”
Earnings Releases
Cambium Networks Corp reported the fourth quarter 2022 ended December 31, 2022 results: revenue $84.5 million, net income $10.0 million, EPS $0.35 per diluted share.
“Cambium Networks Reports Fourth Quarter and Full Year 2022 Financial Results • Revenues of $84.5 million, increased 4% sequentially, and 7% year-over-year • North America revenues of $44.4 million, grew 47% sequentially, and increased 33% year-over-year • Gross margin of 49.0%, non-GAAP (1) gross margin of 49.6% • Operating income of $9.5 million, non-GAAP (1) operating income of $13.2 million • Net income of $10.0 million or $0.35 per diluted share, non-GAAP (1) net income of $10.3 million or $0.36 per diluted share • Adjusted EBITDA (1) of $14.3 million or 16.9% of revenues”
Earnings Releases
Cambium Networks Corp reported the three-month period ended September 30, 2022 results: revenue $81.2 million, net income $9.4 million or $0.34 per diluted share.
“any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Cambium Networks Reports Third Quarter 2022 Financial Results • Revenues of $81.2 million, increased 17% sequentially, and 7% year-over-year • Record Enterprise (Wi-Fi) revenues of $38.3 million, increased 60% sequentially and 257% year-over-year • Gross margin of”
John M. Becerril was appointed as global controller and chief accounting officer at Cambium Networks Corp.
“On August 12, 2022, the Company reached agreement with Mr. John M. Becerril, age 55, to join the Company as Global Controller and Chief Accounting Officer (Principal Accounting Officer) effective September 1, 2022.”
Marc Nelson resigned as global controller and chief accounting officer at Cambium Networks Corp.
“Marc Nelson, the global controller and chief accounting officer of Cambium Networks Corporation (the "Company"), will resign his employment and all officer positions with the Company effective upon the commencement of employment of his successor, expected in September 2022.”
Stephen Cumming departed as Chief Financial Officer at Cambium Networks Corp.
“As previously reported on the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 18, 2022, effective as of April 13, 2022 (the "Effective Date"), Cambium Networks Corporation (the "Company") announced the departure of Stephen Cumming from his position as Chief Financial Officer of the Company.”
Andrew Bronstein was appointed as Chief Financial Officer at Cambium Networks Corp.
“appointed Andrew Bronstein as Chief Financial Officer of the Company.”
Stephen Cumming departed as Chief Financial Officer at Cambium Networks Corp.
“announced the departure of Stephen Cumming from his position as Chief Financial Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.