NASDAQ$CMBMF
Cambium Networks Corporation · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported revenues of $64.1 million, a 1% increase year-over-year, with a net loss of $1.0 million, or $0.04 per diluted share.
Cambium Networks reported a slight increase in revenue and a net loss for Q4 2019. Revenue grew by 1% year-over-year, driven by growth in enterprise Wi-Fi and Point-to-Point products, offset by lower Point-to-Multi-Point revenues. The company's GAAP net loss was $1.0 million, or $0.04 per diluted share, while non-GAAP net income was $2.3 million, or $0.09 per diluted share.
- Revenues increased 1% year-over-year.
- Enterprise Wi-Fi revenues increased 186% year-over-year.
- GAAP gross margin was 52.0%, up 390 basis points from Q4 2018.
- Non-GAAP net income was $2.3 million, or $0.09 per diluted share.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$64.1M
Revenue by segment
Cambium Networks · $64.1M total across 4 segments · Q4 2019
- Point-to-Multi-Point$33.2M-19.5%51.9%
- Point-to-Point$18.2M+4.4%28.4%
- Enterprise$11.5M+185.6%18.0%
- Other$1.12M+92.6%1.7%
Forward guidance
For the first quarter ending March 31, 2020, Cambium Networks expects GAAP revenues between $56.0-$60.0 million.
Tailwinds
- GAAP revenues between $56.0-$60.0 million
- GAAP gross margin between 48.6%-50.2%; and non-GAAP gross margin between 49.0%-50.5%
- GAAP operating (loss) income between ($1.5)-$0.5 million; and non-GAAP operating income between $0.0-$2.0 million
- Adjusted EBITDA between $1.1-$3.1 million; and adjusted EBITDA margin between 2.0%-5.2%
- GAAP taxes between 19.0%-21.0%; and a non-GAAP effective tax rate of approximately 17.0%-19.0%
Headwinds
- GAAP net loss between $3.0-$1.4 million or between $0.12 and $0.05 per diluted share; and non-GAAP net (loss) income between ($1.2)-$0.4 million or between ($0.05) and $0.02 per diluted share
- Paydown of debt: $2.5 million
- Interest expense: approximately $1.1 million
- Capital expenditures: $1.0-$1.3 million
- Pre-tax restructuring charges: $0.8-$0.9 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 Q4 2019
-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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