The X7-35X access point delivers industry-leading price-performance, empowering customers of all types to benefit from Wi-Fi 7's superior speed, latency, and connection reliability ROLLING MEADOWS, Ill., March 21, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced the next evolution in Wi-Fi with the launch of its new mass market Wi-Fi 7 access point. The X7-35X is a tri-radio, tri-band 2+2+2 solution, powered by Qualcomm Technologies' le ...

Remaining performance obligations In applying the statutory tax rate in the effective income tax rate reconciliation, the Company used the statutory U.S. federal income tax rate of 21% rather than the Cayman Islands zero percent rate. The table below reconciles the Company's tax (benefit) provision for income taxes based on the statutory U.S. federal income tax rate to its effective tax rate for the years ended December 31, 2021, 2022 and 2023 (in thousands): | --- | --- | --- | --- | --- | --- | --- | |--- ...

Cambium Networks Corporation (CMBM) reported soft fourth-quarter 2023 results, with the top and bottom lines missing the Zacks Consensus Estimate. The leading wireless solutions provider recorded a year-over-year revenue contraction due to a decline in net sales in the Enterprise business, high inventory levels and macroeconomic headwinds. High incentives and discounts to distributors also contributed to lower revenues year over year.Net IncomeOn a GAAP basis, the company reported a net loss of $39.1 millio ...

Cambium (CMBM) reported $40.21 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 52.4%. EPS of -$0.95 for the same period compares to $0.36 a year ago.The reported revenue represents a surprise of -3.86% over the Zacks Consensus Estimate of $41.82 million. With the consensus EPS estimate being -$0.34, the EPS surprise was -179.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Cambium Networks Corporation (NASDAQ:CMBM) Q4 2023 Earnings Conference Call February 15, 2024 4:30 PM ET Company Participants Peter Schuman - Vice President Investor and Industry Analyst Relations Morgan Kurk - President and Chief Executive Officer John Becerril - Interim Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James George Notter - Jefferies John Roy - Water Tower Research Tim Savageaux - Northland Capital Markets Operator Good afternoon. My name is Michelle, and I'll b ...

Cambium (CMBM) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -179.41%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.44, delivering a surprise of -238.46%.Over the last four quarters, the company has surpasse ...

Cambium (CMBM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ma ...

Cambium Networks Corporation (NASDAQ:CMBM) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Peter Schuman - Vice President-Investor & Industry Analyst Relations Morgan Kurk - President & Chief Executive Officer Andrew Bronstein - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners LLC Simon Leopold - Raymond James George Notter - Jefferies Erik Suppiger - JMP Securities John Roy - Water Tower Research Scott Searle - ROTH Capital Partners ...

Basis of Presentation There have been no material changes to the Company's significant accounting policies disclosed in the 2022 Form 10-K, Part II, Item 8. Note 2. Balance sheet components Inventories, net consisted of the following (in thousands): The increase in inventory is primarily due to lower demand for our PMP products and a slowdown in Enterprise product orders due to higher channel inventory. Inventory reserves are established for estimated excess and obsolete inventory equal to the difference be ...

Cambium Networks Corporation (NASDAQ:CMBM) Q2 2023 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Peter Schuman - Vice President of Investor Relations & Industry Analyst Relations Morgan Kurk - President and CEO Atul Bhatnagar - Director Andrew Bronstein - CFO Conference Call Participants Simon Leopold - Raymond James Scott Searle - ROTH MKM George Notter - Jefferies Erik Suppiger - JMP Securities Tim Savageaux - Northland Capital Markets Paul Essi - William K. Woodruff & Co. Operat ...