NASDAQ$CMBMF
Cambium Networks Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a decrease in revenue and a net loss, impacted by enterprise business incentives and discounts.
Cambium Networks reported a challenging Q4 2023, with revenues of $40.2 million, a 52% decrease year-over-year. The company experienced a GAAP net loss of $39.0 million, or $1.41 per diluted share, and a non-GAAP net loss of $26.4 million, or $0.95 per diluted share. The revenue shortfall was attributed to incentives and discounts provided to distributors related to the Enterprise business, as well as slowing economies and lower Point-to-Multi-Point revenues.
- Revenues decreased 52% year-over-year to $40.2 million.
- GAAP net loss was $39.0 million, or $1.41 per diluted share.
- Non-GAAP net loss was $26.4 million, or $0.95 per diluted share.
- Adjusted EBITDA loss was $32.9 million, or (81.8)% of revenues.
Headline financials
Revenue & EPS history
Cambium Networks · Revenue · Quarterly
$40.2M
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 first quarter of 2024, Cambium Networks anticipates revenues between $43.0 and $48.0 million, GAAP gross margin between 39.3% and 42.3%, and a GAAP operating loss between $9.2 and $11.6 million.
Tailwinds
- Revenues between $43.0-$48.0 million
- GAAP gross margin between 39.3%-42.3%
- Non-GAAP gross margin between 41.0%-44.0%
- GAAP operating expenses between $28.5-$29.5 million
- Non-GAAP operating expenses between $25.4-$26.4 million
Headwinds
- GAAP operating loss between $9.2-$11.6 million
- Non-GAAP operating loss between $5.3-$7.8 million
- GAAP net loss between $8.6-$11.0 million or a net loss between $0.31 and $0.39 per diluted share
- Non-GAAP net loss between $6.1-$8.6 million or a net loss between $0.22 and $0.31 per diluted share
- Adjusted EBITDA loss between $4.1-$6.6 million; and adjusted EBITDA margin between (8.6)%-(15.4)%
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 2023
-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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