Cambium Networks Reports Second Quarter 2024 Financial Results

Revenues of $45.9 million increased 9% sequentially Gross margin of 31.4%, non-GAAP(1) gross margin of 33.5% Operating loss of$ 12.1 million, non-GAAP(1) operating loss of $7.9 million Net loss of$ 9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of$ 7.1 million or a loss of $0.25 per diluted share Net cash provided by operating activities of$ 2.4 million; $42.6 million cash on the balance sheet Adjusted EBITDA(1) loss of$ 6.7 million or (14.5)% of revenues, an improvement of 57% seque ...