NASDAQ$CMBMF
Cambium Networks Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reports first quarter 2020 financial results, exceeding revenue outlook and demonstrating strong enterprise Wi-Fi growth.
Cambium Networks reported Q1 2020 revenues of $60.4 million, exceeding the high-end of its outlook, with enterprise Wi-Fi revenues increasing 106% year-over-year. The company's financial position remains strong amidst market turbulence, driven by the increasing need for fixed wireless broadband infrastructure.
- Revenues reached $60.4 million, surpassing the high-end of the company's outlook.
- Enterprise Wi-Fi revenues increased by 106% year-over-year.
- GAAP gross margin was 50.7%, a 400 basis point increase from Q1 2019.
- The company increased new channel partners by over 1,550 year-over-year, a 26% increase.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$60.4M
Revenue by segment
Cambium Networks · $60.4M total across 4 segments · Q1 2020
- Point-to-Multi-Point$34.9M—57.7%
- Point-to-Point$13.1M—21.7%
- Enterprise$11.5M—19.0%
- Other$971K—1.6%
Forward guidance
Cambium Networks provided financial outlook for the second quarter ending June 30, 2020, but withdrew its full year 2020 financial outlook.
Tailwinds
- GAAP revenues are expected to be between $51.0-$56.0 million.
- GAAP gross margin is projected to be between 48.2%-49.2%, with non-GAAP gross margin between 48.5%-49.5%.
- GAAP operating (loss) income is anticipated to be between ($1.1)-$0.8 million, while non-GAAP operating income is expected to be between $1.1-$3.0 million.
- GAAP net loss is forecasted to be between $1.9-$0.5 million or between $0.07 and $0.02 per diluted share; non-GAAP net (loss) income between ($0.1)-$1.3 million or between ($0.00) and $0.05 per diluted share.
- Adjusted EBITDA is expected to be between $2.1-$4.0 million, with an adjusted EBITDA margin between 4.2%-7.2%.
Headwinds
- GAAP operating (loss) income is anticipated to be between ($1.1)-$0.8 million
- GAAP net loss is forecasted to be between $1.9-$0.5 million or between $0.07 and $0.02 per diluted share
- Non-GAAP net (loss) income between ($0.1)-$1.3 million or between ($0.00) and $0.05 per diluted share.
- The company has withdrawn its previously announced full year 2020 financial outlook due to the rapidly evolving uncertainty surrounding the effects of the COVID-19 virus.
- Cash requirements include paydown of debt: $2.5 million, interest expense: approximately $1.1 million, Capital expenditures: $0.7-$0.9 million, Pre-tax restructuring charges: $0.2-$0.3 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2020
-2.9%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
39%
11 / 28 earnings
Positive
+20.7%
Q3 2022
Best reaction
-29.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.8% | +11.8% | — | |
| Q3 2025 | +0.0% | +158.7% | +180.0% | |
| Q2 2025 | -5.6% | -21.8% | -31.1% | |
| Q1 2025 | -7.4% | -5.6% | +10.7% | |
| Q4 2024 | -13.8% | -0.8% | -27.2% | |
| Q3 2024 | -9.9% | -3.1% | -24.4% | |
| Q2 2024 | -4.0% | -6.2% | -5.6% | |
| Q1 2024 | -13.9% | -13.5% | -24.0% | |
| Q4 2023 | +5.5% | -3.9% | +0.5% | |
| Q3 2023 | -3.0% | -8.9% | +0.6% | |
| Q2 2023 | -29.8% | -38.5% | -43.1% | |
| Q1 2023 | -0.3% | +3.0% | +22.9% | |
| Q4 2022 | +4.1% | -5.2% | -18.0% | |
| Q3 2022 | +20.7% | +17.9% | +21.4% | |
| Q2 2022 | +0.1% | +1.7% | -3.9% | |
| Q1 2022 | -19.0% | -17.6% | -14.0% | |
| Q4 2021 | +12.9% | +3.9% | +3.7% | |
| Q3 2021 | -7.8% | -7.1% | -19.4% | |
| Q2 2021 | +1.6% | -12.4% | -19.7% | |
| Q1 2021 | +3.2% | -13.2% | -15.2% | |
| Q4 2020 | +3.5% | +4.3% | +19.0% | |
| Q3 2020 | +14.7% | -0.3% | +14.4% | |
| Q2 2020 | +4.5% | +4.8% | +12.2% | |
| Q1 2020 | -17.8% | -25.3% | +0.9% | |
| Q4 2019 | -6.1% | -12.9% | -34.2% | |
| Q3 2019 | -16.5% | -15.3% | -31.2% | |
| Q4 2018 | -4.2% | +1.1% | +12.8% | |
| Q2 2019 | -4.9% | -8.9% | +1.7% | |
| Q1 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q1 2017 | — | — | — |
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