Cambium Networks(CMBM) - 2023 Q3 - Quarterly Report

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 ...