Cambium Networks Corp

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 9, 2024

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except for share and per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2024	2023	2024
Revenues	$59,542	$45,946	$136,943	$88,283
Cost of revenues	30,300	31,536	68,041	65,188
Gross profit	29,242	14,410	68,902	23,095
Operating expenses
Research and development	13,008	9,149	27,270	19,948
Sales and marketing	11,528	9,706	23,198	19,427
General and administrative	5,836	5,988	12,503	13,498
Depreciation and amortization	1,573	1,669	3,069	3,302
Total operating expenses	31,945	26,512	66,040	56,175
Operating (loss) income	(2,703)	(12,102)	2,862	(33,080)
Interest expense, net	579	1,304	1,176	2,185
Other expense, net	64	3	218	62
(Loss) income before income taxes	(3,346)	(13,409)	1,468	(35,327)
(Benefit) provision for income taxes	(704)	(4,266)	(166)	263
Net (loss) income	$(2,642)	$(9,143)	$1,634	$(35,590)
(Loss) earnings per share
Basic	$(0.10)	$(0.33)	$0.06	$(1.28)
Diluted	$(0.10)	$(0.33)	$0.06	$(1.28)
Weighted-average number of shares outstanding to compute net (loss) earnings per share
Basic	27,432,705	27,902,956	27,387,112	27,876,280
Diluted	27,432,705	27,902,956	28,315,457	27,876,280

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.