)

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.
Executive summary
Q3 2024 revenue was $43.7M, up 1.6% year-over-year, with strong enterprise growth offset by declines in defense-related P2P and PMP segments.
Non-GAAP gross margin improved to 42.3% and GAAP gross margin to 39.9%, both higher sequentially and year-over-year, driven by lower inventory reserve charges and supplier commitment losses.
Operating loss narrowed to $8.1M GAAP and $3.6M non-GAAP; net loss was $9.7M GAAP ($0.34/share) and $3.8M non-GAAP ($0.14/share), both improved from prior periods.
Free cash flow was $5.2M, and cash balance stood at $46.5M as of September 30, 2024, supported by a $45M draw on the revolving credit facility.
The company breached EBITDA and liquidity covenants, raising substantial doubt about going concern and is seeking forbearance from lenders.
Financial highlights
Q3 2024 revenue: $43.7M (down 5% sequentially, up 1.6% year-over-year); nine-month revenue: $132.0M (-26.7% year-over-year).
GAAP gross margin: 39.9%; non-GAAP gross margin: 42.3%; both improved from Q2 and Q3 2023.
Non-GAAP operating expenses were $22.1M, down $1.2M sequentially; adjusted EBITDA loss narrowed to $2.3M from $6.7M in Q2.
Interest expense for Q3 2024 increased to $1.4M from $0.6M year-over-year due to higher rates and new borrowings.
Cash balance at September 30, 2024: $46.5M, up $27.8M from December 31, 2023.
Outlook and guidance
Q4 2024 revenue expected between $40M–$45M; non-GAAP gross margin 42.5%–44.5%; GAAP gross margin 40%–42%.
Non-GAAP operating loss forecasted at $3M–$5M; adjusted EBITDA loss of $1M–$3M, margin between -2% and -7%.
Management expects continued financial improvement through expense control and operational focus, but projects future noncompliance with financial covenants.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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.
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage