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CMBMF $0.00 -96.00%
CMBMF · Cambium Networks Corp
Track CMBMF — free
$0.00 0.00 (-96.00%) At close · Nov 5
Market Cap
$145,164
Shares
29.03M
Volume · Nov 5 13.98K Avg daily vol (3M) 36.97K
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Earnings call · FY2023 Q1

Cambium Networks Corp (CMBMF) Q1 2023 Earnings Call

Concluded May 8, 2023
May 8, 2023
Period
FY2023 Q1
Runtime
—
Sources
2 artifacts
Revenue $75.97M +22.7% YoY
Diluted EPS $0.02
Gross margin 47.4% +0.3 pp YoY
Net income $671,000
Open full screen 8-K 10-Q

Executive readout · one minute

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Forward guidance

19 guided metrics

Management's latest ranges and targets are included below.

Research coverage

2 live sources

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Research materials

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Forward guidance

From the 8-K filed May 8, 2023.

Metric Guided Actual
Revenues Initiated
second quarter ending June 30, 2023
$72M – $80M $53.72M below
GAAP operating expenses Initiated
second quarter ending June 30, 2023
$33.5M – $34.5M —
Non-GAAP operating expenses Initiated
second quarter ending June 30, 2023
$30.3M – $31.3M —
GAAP operating income Initiated
second quarter ending June 30, 2023
$2.1M – $6.2M —
Non-GAAP operating income Initiated
second quarter ending June 30, 2023
$5.9M – $10.1M —
Interest expense, net Initiated
second quarter ending June 30, 2023
$600,000 —
GAAP net income Initiated
second quarter ending June 30, 2023
$1.2M – $4.8M —
GAAP net income per diluted share Initiated
second quarter ending June 30, 2023
$0.04 – $0.17 $-0.49 below
Non-GAAP net income Initiated
second quarter ending June 30, 2023
$4.2M – $7.6M —
Non-GAAP net income per diluted share Initiated
second quarter ending June 30, 2023
$0.15 – $0.27 —
Adjusted EBITDA Initiated
second quarter ending June 30, 2023
$6.9M – $11.1M —
Capital expenditures Initiated
second quarter ending June 30, 2023
$1.5M – $2.5M —
Revenues Lowered
Full Year 2023
$327M – $337M $226.77M below
Non-GAAP gross margin Raised
Full Year 2023
50.9% —
GAAP gross margin Raised
Full Year 2023
50.1% —
GAAP net income Lowered
Full Year 2023
$22.8M – $26M —
GAAP net income per diluted share Raised
Full Year 2023
$0.80 – $0.91 $-2.69 below
Non-GAAP net income per diluted share Raised
Full Year 2023
$1.18 – $1.26 —
Non-GAAP net income Lowered
Full Year 2023
$33.7M – $36M —

Quarter detail

How the reported period landed and where the business moved.

Result vs. guidance

Revenue Within
Diluted EPS Below

Revenue · products & services

Product$71.29M
Subscriptions and Services$4.68M
Full-screen source Call document