NASDAQ$CMBMF
Cambium Networks Corporation · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Cambium Networks reported financial results for the second quarter 2020.
Cambium Networks reported revenues of $62.3 million, a net income of $3.3 million, and adjusted EBITDA of $7.7 million, representing 12.3% of revenues. The company saw a sequential increase in revenues driven by higher Point-to-Multi-Point revenues.
- Revenues of $62.3 million, up 3% sequentially
- GAAP net income of $3.3 million or $0.13 per diluted share, non-GAAP net income of $4.3 million or $0.16 per diluted share
- Adjusted EBITDA of $7.7 million or 12.3% of revenues
- Net cash provided by operating activities $26.2 million
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$62.3M
Revenue by segment
Cambium Networks · $62.3M total across 4 segments · Q2 2020
- Point-to-Multi-Point$40.6M-2.8%65.2%
- Point-to-Point$12.6M-29.3%20.2%
- Enterprise$7.64M-9.4%12.3%
- Other$1.45M+24.7%2.3%
Forward guidance
For the third quarter ending September 30, 2020, Cambium Networks expects revenues between $64.0-$67.0 million, GAAP gross margin between 48.7%-49.7%, and adjusted EBITDA between $6.4-$7.4 million.
Tailwinds
- Revenues between $64.0-$67.0 million
- GAAP gross margin between 48.7%-49.7%; and non-GAAP gross margin between 49.0%-50.0%
- GAAP operating income between $3.7-$4.7 million; and non-GAAP operating income between $5.3-$6.4 million
- GAAP net income between $1.9-$2.5 million or between $0.07 and $0.09 per diluted share; and non-GAAP net income between $3.2-$3.8 million or between $0.12 and $0.14 per diluted share
- Adjusted EBITDA between $6.4-$7.4 million; and adjusted EBITDA margin between 10.0%-11.1%
Headwinds
- GAAP taxes between 16.0%-19.0%; and a non-GAAP effective tax rate of approximately 17.0%-19.0%
- Approximately 26.6 million weighted average diluted shares outstanding
- Paydown of debt: $2.5 million
- Interest expense: approximately $0.9 million
- Capital expenditures: $0.9-$1.1 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 Q2 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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