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Cambium Networks(CMBM) - 2024 Q1 - Quarterly Results
CMBMCambium Networks(CMBM)2024-05-09 20:05

Exhibit 99.1 Cambium Networks Reports First Quarter 2024 Financial Results • Revenues of 42.3million,increased542.3 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 16.7million•Netlossof16.7 million • Net loss of 26.4 million or a loss of 0.95perdilutedshare,non−GAAP(1)netlossof0.95 per diluted share, non-GAAP(1) net loss of 12.7 million or a loss of 0.46perdilutedshare•AdjustedEBITDA(1)lossof0.46 per diluted share • Adjusted EBITDA(1) loss of 15.5 million or (36.7)% of revenues HOF ...