Cambium Networks(CMBM) - 2024 Q1 - Quarterly Results
Cambium Networks(CMBM)2024-05-10 04:05
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 ...