NASDAQ$CMBMF
Cambium Networks Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Cambium Networks' financial performance improved with sequential revenue growth and margin expansion
Cambium Networks reported a 9% sequential increase in revenues to $45.9 million for Q2 2024. Gross margins improved, and the company generated positive cash from operations. The Enterprise and Point-to-Multi-Point businesses showed strength. Cambium expects continued financial improvements throughout 2024 by controlling costs and enhancing operating efficiency.
- Revenues increased 9% sequentially to $45.9 million.
- GAAP gross margin was 31.4%, and non-GAAP gross margin was 33.5%.
- GAAP net loss was $9.1 million, or $0.33 per diluted share; non-GAAP net loss was $7.1 million, or $0.25 per diluted share.
- Net cash provided by operating activities was $2.4 million, with $42.6 million in cash on the balance sheet.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$45.9M
Revenue by segment
Cambium Networks · $44.6M total across 4 segments · Q1 2026
- Point-to-Multi-Point$17.4M—39.1%
- Enterprise$16.2M—36.3%
- Point-to-Point$10.3M—23.2%
- Other$637K—1.4%
Forward guidance
For the third quarter ending September 30, 2024, Cambium Networks anticipates revenues between $43.0-$48.0 million, GAAP gross margin between 39.5%-41.5%, GAAP operating loss between $7.7-$9.7 million, and GAAP net loss between $8.0-$9.7 million.
Tailwinds
- Revenues between $43.0-$48.0 million
- GAAP gross margin between 39.5%-41.5%; and non-GAAP gross margin between 41.5%-43.5%
- GAAP operating expenses between $26.6-$27.6 million; and non-GAAP operating expenses between $23.4-$24.4 million
- Interest expense, net, of approximately $1.6 million
- GAAP effective tax rate not meaningful; and a non-GAAP effective tax benefit of approximately 25%
Headwinds
- GAAP operating loss between $7.7-$9.7 million; and non-GAAP operating loss between $3.6-$5.6 million
- GAAP net loss between $8.0-$9.7 million or a net loss between $0.28 and $0.34 per diluted share; and non-GAAP net loss between $3.8-$5.4 million or a net loss between $0.14 and $0.19 per diluted share
- Adjusted EBITDA loss between $2.4-$4.4 million; and adjusted EBITDA margin between (4.9)%-(10.2%)
- Paydown of debt: $0.7 million; Cash interest expense: approximately $1.5 million
- Capital expenditures: $2.0-$3.0 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 2024
-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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