Cambium (CMBM) Q2 Loss Wider Than Expected on Lower Revenues
CMBMCambium Networks(CMBM) ZACKS·2024-08-09 22:31

Cambium Networks Corporation (CMBM) reported soft second-quarter 2024 results, with the top and bottom lines missing the respective Zacks Consensus Estimate. The leading wireless solutions provider recorded a yearover-year revenue contraction due to a decline in net sales, high inventory levels and macroeconomic headwinds. High incentives and discounts to distributors also hurt revenues. Net Income On a GAAP basis, the company reported a net loss of $9.1 million or a loss of 33 cents per share compared with ...