NASDAQ$CMBMF
Cambium Networks Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Cambium Networks reported financial results with revenues up year-over-year, but decreased sequentially due to global supply constraints.
Cambium Networks reported Q3 2021 financial results with revenues of $75.9 million, a 4% increase year-over-year. However, revenues decreased 18% sequentially due to global supply constraints. GAAP net income was $4.6 million, or $0.16 per diluted share, while non-GAAP net income was $6.7 million, or $0.23 per diluted share. Adjusted EBITDA was $9.6 million, or 12.6% of revenues.
- Revenues of $75.9 million, up 4% year-over-year.
- GAAP net income of $4.6 million or $0.16 per diluted share, and non-GAAP net income of $6.7 million or $0.23 per diluted share.
- Adjusted EBITDA of $9.6 million or 12.6% of revenues.
- Point-to-Multi-Point revenues of $50.1 million, increased 16% year-over-year.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$75.9M
Revenue by segment
Cambium Networks · $75.9M total across 4 segments · Q3 2021
- Point-to-Multi-Point$50.1M+15.7%66.0%
- Point-to-Point$13.9M-22.7%18.3%
- Enterprise$10.7M+7.9%14.1%
- Other$1.15M-32.7%1.5%
Forward guidance
For the fourth quarter ending December 31, 2021, Cambium Networks expects revenues between $73.5-$77.5 million, GAAP gross margin between 45.3%-46.8%, and adjusted EBITDA between $5.8-$7.8 million.
Tailwinds
- Revenues between $73.5-$77.5 million
- GAAP gross margin between 45.3%-46.8%; and non-GAAP gross margin between 45.5%-47.0%
- GAAP operating expenses between $31.1-$32.1 million; and non-GAAP operating expenses between $28.5-$29.5 million
- GAAP operating income between $2.2-$4.2 million; and non-GAAP operating income between $4.9-$6.9 million
- Adjusted EBITDA between $5.8-$7.8 million; and adjusted EBITDA margin between 7.9%-10.1%
Headwinds
- Global supply constraints impacting the procurement and shipments of products
- GAAP gross margin between 45.3%-46.8%
- GAAP operating expenses between $31.1-$32.1 million
- GAAP operating income between $2.2-$4.2 million
- Adjusted EBITDA between $5.8-$7.8 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 Q3 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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