Cambium Networks Corp
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
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Condensed Consolidated Statements of Operations
(in thousands, except for share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2023 | 2024 | |
| Revenues | $77,401 | $42,337 |
| Cost of revenues | 37,741 | 33,652 |
| Gross profit | 39,660 | 8,685 |
| Operating expenses | ||
| Research and development | 14,262 | 10,799 |
| Sales and marketing | 11,670 | 9,721 |
| General and administrative | 6,667 | 7,510 |
| Depreciation and amortization | 1,496 | 1,633 |
| Total operating expenses | 34,095 | 29,663 |
| Operating income (loss) | 5,565 | (20,978) |
| Interest expense, net | 597 | 881 |
| Other expense, net | 154 | 59 |
| Income (loss) before income taxes | 4,814 | (21,918) |
| Provision for income taxes | 538 | 4,529 |
| Net income (loss) | $4,276 | $(26,447) |
| Earnings (loss) per share | ||
| Basic | $0.16 | $(0.95) |
| Diluted | $0.15 | $(0.95) |
| Weighted-average number of shares outstanding to compute net earnings (loss) per share | ||
| Basic | 27,341,013 | 27,849,604 |
| Diluted | 28,452,855 | 27,849,604 |
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