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 ...

Company Participants Morgan Kurk - President and CEO Andrew Bronstein - CFO Simon Leopold - Raymond James George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Mr. Peter Schuman, Vice President, Investor and Industry Analyst Relations, you may begin the conference. Thank you, Amber. Welcome, and thank you for joining us today for Cambium Networks Second Quarter 2023 Financial Results Conference Call, and welcome to all those joining by webcast. Atul Bhatnagar, and Andrew Bronstein are ...

During the three-month period ended June 30, 2023, there were no significant changes to our critical accounting policies and estimates. Please refer to Management's Discussion and Analysis of Financial Condition and Results of Operations contained in Part II, Item 7 of our Annual Report on Form 10-K for our fiscal year ended December 31, 2022, filed on February 27, 2023, for a more complete discussion of our critical accounting policies and estimates. Excluding the impact of changes in interest rates and th ...

Great. I appreciate that. I was just going to ask where you were going to show it. And then just as a quick follow up, if you could just give us an update on what youÂ're seeing from the government funded programs -- and youÂ're thinking there? Simon Leopold Scott Searle Certainly it sounds like there is some 6 gigahertz starting to come in some 28 gig, some RDOF contribution, but I was wondering if you could go down one layer and kind of provide a little bit more quantification on that front and possibly a ...

Cost to obtain a contract Sales commissions are incremental costs of obtaining a contract. The Company has elected to recognize these expenses as incurred, as the amortization period of these costs is one year or less. Note 16. Leases The Company has operating leases for offices, vehicles and equipment. Leases with a term of 12 months or less are not recorded on the consolidated balance sheets and are expensed on a straight-line basis over the lease term. Right-of-use assets and operating lease liabilities ...

Gross margin increased from 47.9% in 2021 to 48.9% in 2022. The increase reflects price increases introduced in the fourth quarter of 2021 and increased revenue in higher margin products, such as Wi-Fi and software subscriptions partially offset by higher production costs due to increases in component charges as a result of component shortages and increases in component costs, and higher logistics costs to meet demand, including costs of alternative distribution, shipment and transportation modes as a resul ...

Scott Searle Got you. Very helpful. And if I could for a follow-up on the 6 gigahertz front, we're waiting for certification and approval from the SEC for the ASC, before I just restore to go into more commercial production. So with that in mind, I'm wondering, how you're thinking about the ramp up into the second half of this year? And what's going to constitute success kind of exiting 2023. And as we think about 2024, how big of an opportunity is that? The 6 gigahertz product line, what would be success. ...

Cambium Networks Corporation (NASDAQ:CMBM) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Peter Schuman - Vice President of Investor and Industry Analyst Relations Atul Bhatnagar - President and Chief Executive Officer Andrew Bronstein - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Paul Essi - William K. Woodruff Operator Good afternoon. My name is Sean, and I'll be your conference operator today. At this time, I would like to w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-38952 CAMBIUM NETWORKS CORPORATION (Exact Name of Registrant as Specified in its Charter) Cayman Islands Not Applicable (State o ...

Cambium Networks Corporation (NASDAQ:CMBM) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Peter Schuman - Vice President of Investor and Industry Analyst Relations Atul Bhatnagar - President and Chief Executive Officer Andrew Bronstein - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Samik Chatterjee - JPMorgan Bala Reddy - Goldman Sachs Scott Searle - ROTH Capital Erik Suppiger - JMP Securities Blake Mielke - Jefferies Timothy Savageaux - ...