Global Defense & Security partners deliver mission-critical broadband connectivity solutions that perform in highly demanding environments HOFFMAN ESTATES, Ill., May 14, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of broadband networking solutions, today announced that its fixed wireless infrastructure solutions continue to evolve and support broadband applications for national defense, federal and civilian agencies, public safety, and national law enforcement. Cambium Ne ...

Except as required by law, Cambium Networks does not undertake any obligation to update or revise any forward-looking statements for any reason after the date of this presentation, whether as a result of new information, future developments to conform these statements to actual results or make changes in Cambium's expectations or otherwise. It is Cambium Networks' policy not to reiterate our financial outlook. We encourage listeners to review the full list of risk factors included in the safe harbor stateme ...

Performance-based share awards 14 Note 10. Income taxes 15 In accordance with ASC 460, Guarantees, the Company recognizes the fair value for guarantee and indemnification arrangements it issues or modifies, if these arrangements are within the scope of the interpretation. In addition, the Company must continue to monitor the conditions that are subject to the guarantees and indemnifications in order to identify if a loss has incurred. If the Company determines it is probable that a loss has occurred, then a ...

Cambium Networks Corporation (CMBM) reported soft first-quarter 2024 results, with the top and bottom lines missing the respective Zacks Consensus Estimate. The leading wireless solutions provider recorded a year-over-year revenue contraction due to a decline in net sales across all businesses, high inventory levels and macroeconomic headwinds. High incentives and discounts to distributors also hurt revenues.Net IncomeOn a GAAP basis, the company reported a net loss of $26.4 million or a loss of 95 cents pe ...

Cambium (CMBM) reported $42.34 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 45.3%. EPS of -$0.46 for the same period compares to $0.24 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $45.57 million, representing a surprise of -7.10%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being -$0.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Cambium (CMBM) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.34 per share when it actually produced a loss of $0.95, delivering a surprise of -179.41%.Over the last four quarters, the company has not been ab ...

Exhibit 99.1 Cambium Networks Reports First Quarter 2024 Financial Results • Revenues of $42.3 million, increased 5% sequentially, and decreased 45% year-over-year • Gross margin of 20.5%, non-GAAP(1) gross margin of 22.7% • Operating loss of $21.0 million, non-GAAP(1) operating loss of $16.7 million • Net loss of $26.4 million or a loss of $0.95 per diluted share, non-GAAP(1) net loss of $12.7 million or a loss of $0.46 per diluted share • Adjusted EBITDA(1) loss of $15.5 million or (36.7)% of revenues HOF ...

In its upcoming report, Cambium (CMBM) is predicted by Wall Street analysts to post quarterly loss of $0.23 per share, reflecting a decline of 195.8% compared to the same period last year. Revenues are forecasted to be $45.57 million, representing a year-over-year decrease of 41.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior ...

New collaboration enables solution providers to take the pain out of delivering great Wi-Fi experiences in select European markets HOFFMAN ESTATES, Ill., May 2, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, today announced a strategic partnership with Exertis Enterprise, a global technology distributor and specialist service provider. While the partnership also includes activities in the NORDIC and UK/Ireland regions, the primary emphasis will be on ...

HOFFMAN ESTATES, Ill., April 22, 2024 /PRNewswire/ -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced that it plans to report financial results the first quarter 2024 ended March 31, 2024, on Thursday, May 9, 2024. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results and Q&A at 4:30 p.m. ET, on Thursday, May 9, 2024. On the call will be M ...