NASDAQ$CMBMF
Cambium Networks Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Announced first quarter 2022 financial results, impacted by supply chain challenges and COVID lockdowns in China.
Cambium Networks reported revenues of $61.9 million for Q1 2022, a decrease of 30% year-over-year, primarily due to lower Point-to-Multi-Point and Point-to-Point revenues resulting from global supply and distribution constraints and slower demand from North American service providers. The company faced supply chain challenges due to COVID lockdowns in Shenzhen and Shanghai.
- Revenues of $61.9 million, decreased 30% year-over-year.
- GAAP net loss of $1.6 million or $0.06 per diluted share, non-GAAP net income of $0.3 million or $0.01 per diluted share.
- Adjusted EBITDA of $1.9 million or 3.9% of revenues, compared to $16.5 million or 18.6% for the first quarter 2021.
- Net cash used in operating activities of $19.2 million, compared to $7.6 million used in operating activities for the first quarter 2021.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$61.9M
Revenue by segment
Cambium Networks · $61.9M total across 4 segments · Q1 2022
- Point-to-Multi-Point$30.9M-46.5%50.0%
- Enterprise$15.5M+27.9%25.1%
- Point-to-Point$14.7M-15.8%23.8%
- Other$748K-33.0%1.2%
Forward guidance
For the second quarter ending June 30, 2022, Cambium Networks expects revenues between $65.0-$73.0 million, GAAP operating (loss) income between ($2.75)-$0.7 million, and adjusted EBITDA between $2.2-$5.8 million.
Tailwinds
- Revenues between $65.0-$73.0 million
- GAAP gross margin between 46.9%-47.9%; and non-GAAP gross margin between 47.5%-48.5%
- GAAP operating expenses between $33.3-$34.3 million; and non-GAAP operating expenses between $29.7-$30.7 million
- Non-GAAP operating income between $1.2-$4.7 million
- Adjusted EBITDA between $2.2-$5.8 million; and adjusted EBITDA margin between 3.4%-7.9%
Headwinds
- GAAP operating (loss) income between ($2.75)-$0.7 million
- GAAP net (loss) income between ($2.8)-$0.0 million or between ($0.10) and $0.00 per diluted share
- Interest expense, net of approximately $0.7 million
- Paydown of debt: $1.3 million
- Capital expenditures: $1.4-$1.6 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 2022
-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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