NASDAQ$CMBMF
Cambium Networks Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported a decrease in revenue year-over-year, but an increase sequentially, driven by enterprise Wi-Fi growth amidst supply chain constraints.
Cambium Networks reported Q4 2021 financial results with revenues of $78.7 million, a decrease of 5% year-over-year. Despite revenue decline, the company saw strong growth in enterprise Wi-Fi revenues, which increased 136% year-over-year. The company is working through supply chain issues which they expect to substantially improve during the second half of calendar 2022.
- Revenues decreased 5% year-over-year to $78.7 million.
- Enterprise Wi-Fi revenues increased 136% year-over-year to $25.8 million.
- GAAP net income was $1.4 million, or $0.05 per diluted share.
- Adjusted EBITDA was $6.7 million, or 8.6% of revenues.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$78.7M
Revenue by segment
Cambium Networks · $78.7M total across 4 segments · Q4 2021
- Point-to-Multi-Point$37M-31.2%47.0%
- Enterprise$25.8M+136.1%32.8%
- Point-to-Point$15.3M-8.5%19.5%
- Other$585K-55.0%0.7%
Forward guidance
For the first quarter ending March 31, 2022, Cambium Networks expects revenues between $77.5-$81.5 million, GAAP operating income between $1.1-$3.1 million, and adjusted EBITDA between $5.2-$7.2 million.
Tailwinds
- Revenues between $77.5-$81.5 million
- GAAP gross margin between 44.0%-45.5%; and non-GAAP gross margin between 44.4%-45.9%
- GAAP operating expenses between $33.0-$34.0 million; and non-GAAP operating expenses between $30.2-$31.2 million
- GAAP operating income between $1.1-$3.1 million; and non-GAAP operating income between $4.2-$6.2 million
- Adjusted EBITDA between $5.2-$7.2 million; and adjusted EBITDA margin between 6.7%-8.8%
Headwinds
- Interest expense, net of approximately $0.7 million
- GAAP net income between $0.3-$1.9 million or between $0.01 and $0.07 per diluted share; and non-GAAP net income between $2.9-$4.4 million or between $0.10 and $0.15 per diluted share
- GAAP and non-GAAP effective tax rate of approximately 18.0%-20.0%
- Approximately 28.3 million weighted average diluted shares outstanding
- Capital expenditures: $1.6-$1.8 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 Q4 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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