NASDAQ$CMBMF
Cambium Networks Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Cambium Networks' Q3 2024 financial results were announced, showing a sequential decrease in revenues but improvements in gross margin and cash flow.
Cambium Networks reported Q3 2024 revenues of $43.7 million, a 5% sequential decrease. However, gross margin improved, and the company generated positive cash from operations and $5.2 million in free cash flow. The Enterprise portfolio of products continued to grow.
- Revenues decreased 5% sequentially to $43.7 million.
- Gross margin increased to 39.9%, and non-GAAP gross margin reached 42.3%.
- Operating loss improved to $8.1 million, with a non-GAAP operating loss of $3.6 million.
- Net cash from operating activities was $8.9 million, and the company held $46.5 million in cash.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$43.7M
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
Cambium Networks anticipates revenues between $40.0 and $45.0 million for the fourth quarter ending December 31, 2024.
Tailwinds
- GAAP gross margin is expected to be between 40.0% and 42.0%.
- Non-GAAP gross margin is anticipated to be between 42.5% and 44.5%.
- GAAP operating loss is projected to be between $7.0 and $9.0 million.
- Non-GAAP operating loss is expected to be between $3.0 and $5.0 million.
- Adjusted EBITDA loss is forecasted to be between $1.0 and $3.0 million.
Headwinds
- Adjusted EBITDA margin is expected to be between (2.0)% and (7.0)%.
- The financial outlook does not include the potential impact of any possible future financial transactions.
- The financial outlook does not include the potential impact of acquisitions.
- The financial outlook does not include the potential impact of pending legal matters.
- Actual results may differ materially from the outlook.
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro