Cambium Networks CorpCMBMEarnings & Financial Report
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Revenue
$47.1M
Gross Profit
$14.0M
Operating Profit
$-15.6M
Net Profit
$-18.4M
Gross Margin
29.8%
Operating Margin
-33.1%
Net Margin
-39.2%
YoY Growth
-38.0%
EPS
$-0.66
Cambium Networks Corp Q1 FY2024 Financial Summary
Cambium Networks Corp reported revenue of $47.1M (down 38.0% YoY) for Q1 FY2024, with a net profit of $-18.4M (down 2849.3% YoY) (-39.2% margin). Cost of goods sold was $33.1M, operating expenses totaled $29.6M.
Key Financial Metrics
| Total Revenue | $47.1M |
|---|---|
| Net Profit | $-18.4M |
| Gross Margin | 29.8% |
| Operating Margin | -33.1% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Cambium Networks Corp Q1 FY2024 revenue of $47.1M breaks down across 4 segments, led by Point To Multi Point at $19.4M (41.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Point To Multi Point | $19.4M | 41.3% |
| Point To Point | $14.4M | 30.6% |
| Enterprise | $7.2M | 15.2% |
| Other | $4.7M | 10.1% |
Cambium Networks Corp Revenue by Segment — Quarterly Trend
Cambium Networks Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Point To Multi Point and Point To Point) has evolved quarter over quarter.
| Segment | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 |
|---|---|---|---|---|
| Point To Multi Point | $16.4M | $18.0M | $19.6M | $19.4M |
| Point To Point | — | $9.3M | $13.7M | $14.4M |
| Enterprise | $16.6M | $15.2M | $11.3M | $7.2M |
| Other | $5.8M | $942.0K | $1.3M | $4.7M |
Cambium Networks Corp Annual Revenue by Year
Cambium Networks Corp annual revenue history includes year-by-year totals (for example, 2024 revenue was $177.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $177.3M |
| 2023 | $226.8M |
| 2022 | $296.9M |
Cambium Networks Corp Quarterly Revenue & Net Profit History
Cambium Networks Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2024 | $40.3M | -23.2% | $-7.2M | -17.9% |
| Q3 FY2024 | $44.7M | +0.1% | $-34.5M | -77.3% |
| Q2 FY2024 | $45.2M | -15.8% | $-14.2M | -31.5% |
| Q1 FY2024 | $47.1M | -38.0% | $-18.4M | -39.2% |
| Q4 FY2023 | $52.5M | -37.9% | $-24.9M | -47.5% |
| Q3 FY2023 | $44.6M | -45.1% | $-36.4M | -81.5% |
| Q2 FY2023 | $53.7M | -22.5% | $-13.4M | -25.0% |
| Q1 FY2023 | $76.0M | +22.7% | $671.0K | 0.9% |
Income Statement
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $76.0M | $53.7M | $44.6M | $52.5M | $47.1M | $45.2M | $44.7M | $40.3M |
| YoY Growth | 22.7% | -22.5% | -45.1% | -37.9% | -38.0% | -15.8% | 0.1% | -23.2% |
Balance Sheet
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $280.4M | $275.7M | $222.4M | $209.1M | $219.8M | $221.1M | $194.3M | $173.7M |
| Liabilities | $154.7M | $159.2M | $139.9M | $148.0M | $174.8M | $187.0M | $192.5M | $177.0M |
| Equity | $125.8M | $116.5M | $82.5M | $61.1M | $45.0M | $34.1M | $1.9M | $-3.2M |
Cash Flow
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-6.1M | $-4.5M | $-345000 | $-5.8M | $-15.9M | $2.4M | $8.9M | $-10.4M |