Cambium Networks
Logotype for Cambium Networks Corp

Cambium Networks (CMBM) investor relations material

Cambium Networks Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Cambium Networks Corp
Q3 2024 earnings summary7 Nov, 2024

Executive summary

  • Q3 2024 revenue was $43.7 million, with strong enterprise growth offset by declines in point-to-point (P2P) and defense revenues; revenue rose 1.6% year-over-year but fell 5% sequentially.

  • Gross margin improved to 42.3% non-GAAP and 39.9% GAAP, driven by lower inventory reserves and production costs.

  • Operating loss narrowed to $8.1 million GAAP and $3.6 million non-GAAP; net loss was $9.7 million GAAP ($0.34/share) and $3.8 million non-GAAP ($0.14/share).

  • Free cash flow was $5.2 million, and cash balance stood at $46.5 million as of September 30, 2024.

  • The company breached EBITDA and liquidity covenants, is seeking forbearance, and is implementing cost reductions to address liquidity and profitability challenges.

Financial highlights

  • Q3 2024 revenue: $43.7 million (down 5% sequentially, up 1.6% year-over-year); nine-month revenue: $132.0 million (-26.7% year-over-year).

  • Non-GAAP gross margin: 42.3%; GAAP gross margin: 39.9%; nine-month gross margin: 30.7%.

  • Non-GAAP net loss: $3.8 million; GAAP net loss: $9.7 million; adjusted EBITDA loss: $2.3 million, improved from $6.7 million in Q2.

  • Cash from operations was $8.9 million, inventories decreased by $7 million to $43 million.

  • Interest expense for Q3 2024 increased to $1.4 million from $0.6 million year-over-year.

Outlook and guidance

  • Q4 2024 revenue expected between $40–$45 million.

  • Non-GAAP gross margin guidance: 42.5%–44.5%; GAAP gross margin: 40.0%–42.0%.

  • Non-GAAP operating loss projected at $3–$5 million; adjusted EBITDA between -$1 and -$3 million.

  • Management expects continued financial improvement, though at a slower pace, with ongoing revenue headwinds and competitive pressures.

  • The company projects future noncompliance with financial covenants and is seeking solutions with its lender.

Bank covenant resolution timeline?
What drives Enterprise segment growth?
What is the defense business recovery outlook?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Cambium Networks
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Cambium Networks Corp provides wireless networking solutions for enterprise and service provider markets. The company offers fixed wireless broadband, Wi-Fi, and network management software for indoor and outdoor connectivity. It serves customers in telecommunications, education, and industrial sectors. The company is headquartered in Rolling Meadows, Illinois, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage