Cambium's (CMBM) Q1 Loss Wider Than Expected, Revenues Fall
Cambium Networks(CMBM) Zacks Investment Research·2024-05-10 22:40
Cambium Networks Corporation (CMBM) reported soft first-quarter 2024 results, with the top and bottom lines missing the respective Zacks Consensus Estimate. The leading wireless solutions provider recorded a year-over-year revenue contraction due to a decline in net sales across all businesses, high inventory levels and macroeconomic headwinds. High incentives and discounts to distributors also hurt revenues.Net IncomeOn a GAAP basis, the company reported a net loss of $26.4 million or a loss of 95 cents pe ...