Cambium Networks Corp

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 2024

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Condensed Consolidated Statements of Operations

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

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2024	2023	2024
Revenues	$43,046	$43,726	$179,989	$132,009
Cost of revenues	32,087	26,281	100,128	91,469
Gross profit	10,959	17,445	79,861	40,540
Operating expenses
Research and development	13,151	9,275	40,421	29,223
Sales and marketing	9,675	8,398	32,873	27,825
General and administrative	8,688	6,149	21,191	19,647
Depreciation and amortization	1,545	1,682	4,614	4,984
Total operating expenses	33,059	25,504	99,099	81,679
Operating loss	(22,100)	(8,059)	(19,238)	(41,139)
Interest expense, net	620	1,403	1,796	3,588
Other expense, net	63	8	281	70
Loss before income taxes	(22,783)	(9,470)	(21,315)	(44,797)
Provision for income taxes	3,417	206	3,251	469
Net loss	$(26,200)	$(9,676)	$(24,566)	$(45,266)
Loss per share
Basic	$(0.95)	$(0.34)	$(0.89)	$(1.62)
Diluted	$(0.95)	$(0.34)	$(0.89)	$(1.62)
Weighted-average number of shares outstanding to compute net loss per share
Basic	27,619,281	28,217,453	27,465,353	27,990,835
Diluted	27,619,281	28,217,453	27,465,353	27,990,835

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