NASDAQ$CMBMF
Cambium Networks Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Cambium Networks reported record revenues and net income driven by strong demand for wireless broadband connectivity.
Cambium Networks reported record revenues of $88.5 million, a 46% increase year-over-year. Record net income was $19.9 million, or $0.70 per diluted share. The company's performance was driven by robust demand for wireless broadband connectivity and the acceptance of new product introductions.
- Revenues reached a record $88.5 million, up 46% year-over-year.
- GAAP net income was a record $19.9 million, or $0.70 per diluted share.
- Non-GAAP net income was a record $11.7 million, or $0.41 per diluted share.
- Adjusted EBITDA reached a record $16.5 million, representing 18.6% of revenues.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$88.5M
Revenue by segment
Cambium Networks · $88.5M total across 4 segments · Q1 2021
- Point-to-Multi-Point$57.8M+65.8%65.3%
- Point-to-Point$17.5M+33.3%19.7%
- Enterprise$12.1M+5.6%13.7%
- Other$1.12M+15.0%1.3%
Forward guidance
Cambium Networks provided financial outlook for the second quarter ending June 30, 2021, and full year ending December 31, 2021.
Tailwinds
- Revenues between $85.0-$90.0 million for Q2 2021
- GAAP gross margin between 48.8%-49.8% for Q2 2021
- Non-GAAP gross margin between 49.0%-50.0% for Q2 2021
- GAAP operating income between $8.6-$11.0 million for Q2 2021
- Non-GAAP operating income between $11.4-$13.8 million for Q2 2021
Headwinds
- GAAP operating expenses between $32.9-$33.9 million for Q2 2021
- Non-GAAP operating expenses between $30.2-$31.2 million for Q2 2021
- Interest expense, net of approximately $1.1 million for Q2 2021
- GAAP net income between $6.3-$8.0 million, or between $0.22 and $0.27 per diluted share for Q2 2021
- Non-GAAP net income between $8.6-$10.3 million, or between $0.29 and $0.35 per diluted share for Q2 2021
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 2021
-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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