Ceragon Networks Ltd 6-K, filed Feb 11, 2025

Ceragon Networks Ltd (CRNT)

6-K 2025-02-11 For: 2025-02-11

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Added on April 11, 2026

About this 6-K

Ceragon Networks Ltd filed this 6-K on February 11, 2025.

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	CERAGON NETWORKS LTD.
Date: February 11, 2025	By: /s/ Ronen Stein
	Name: Ronen Stein Title: Chief Financial Officer

Exhibit		Description

Exhibit A –		Ceragon Reports 18.3% Increase in Quarterly Revenue GAAP EPS of $0.04 Per Share in the Fourth Quarter

	Q4 2024
India	52%
EMEA	15%
North America	12%
APAC	11%
Latin America	10%

	Three months ended December 31,					Year ended December 31,
	2024		2023			2024		2023

Revenues		106,932		90,359			394,190		347,179
Cost of revenues		70,550		59,296			257,339		227,310

Gross profit		36,382		31,063			136,851		119,869

Operating expenses:
Research and development, net		8,969		9,070			34,951		32,274
Sales and Marketing		11,077		10,544			44,717		40,577
General and administrative		5,374		6,445			14,220		23,793
Restructuring and related charges		-		-			1,416		897
Acquisition- and integration-related charges		283		835			1,660		1,118
Other operating expenses		1,160		-			1,160		-
Total operating expenses		26,863		26,894			98,124		98,659

Operating income		9,519		4,169			38,727		21,210

Financial expenses and others, net		4,863		3,402			11,474		8,468

Income before taxes		4,656		767			27,253		12,742

Taxes on income		1,046		1,970			3,190		6,522

Net income (loss)		3,610		(1,203	)		24,063		6,220

Basic net income (loss) per share		0.04		(0.01	)		0.28		0.07
Diluted net income (loss) per share		0.04		(0.01	)		0.27		0.07
Weighted average number of shares used in computing basic net income (loss) per share		87,207,634		85,054,173			86,191,178		84,617,774
Weighted average number of shares used in computing diluted net income (loss) per share		89,987,560		85,054,173			88,460,001		85,482,626

	December 31,			December 31,
	2024			2023
ASSETS

CURRENT ASSETS:
Cash and cash equivalents		35,311			28,237
Trade receivables, net		149,619			104,321
Inventories		59,693			68,811
Other accounts receivable and prepaid expenses		16,415			16,571

Total current assets		261,038			217,940

NON-CURRENT ASSETS:
Severance pay and pension fund		4,915			4,985
Property and equipment, net		36,764			30,659
Operating lease right-of-use assets		16,702			18,837
Intangible assets, net		16,791			16,401
Goodwill		7,749			7,749
Other non-current assets		1,037			1,954

Total non-current assets		83,958			80,585

Total assets		344,996			298,525

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Trade payables		91,157			67,032
Deferred revenues		2,573			5,507
Short-term loans		25,200			32,600
Operating lease liabilities		2,971			3,889
Other accounts payable and accrued expenses		29,547			23,925

Total current liabilities		151,448			132,953

LONG-TERM LIABILITIES:
Accrued severance pay and pension		8,359			9,399
Deferred revenues		-			670
Operating lease liabilities		12,936			13,716
Other long-term payables		5,928			7,768

Total long-term liabilities		27,223			31,553

SHAREHOLDERS' EQUITY:
Share capital		224			224
Additional paid-in capital		447,377			437,161
Treasury shares at cost		(20,091	)		(20,091	)
Other comprehensive loss		(10,060	)		(8,087	)
Accumulated deficit		(251,125	)		(275,188	)

Total shareholders' equity		166,325			134,019

Total liabilities and shareholders' equity		344,996			298,525

	Three months ended						Year ended
	December 31,						December 31,
	2024			2023			2024			2023

Cash flow from operating activities:
Net income (loss)		3,610			(1,203	)		24,063			6,220
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		3,251			2,466			12,112			9,967
Loss from sale of property and equipment, net		38			-			207			61
Stock-based compensation expense		921			938			4,298			3,964
Decrease (increase) in accrued severance pay and pensions, net		(239	)		88			(970	)		(267	)
Decrease (increase) in trade receivables, net		(28,437	)		1,856			(46,224	)		(2,370	)
Decrease in other assets (including other accounts receivable, prepaid expenses, other non-current assets, and the effect of exchange rate changes on cash and cash equivalents)		3,656			15,085			1,344			16,994
Decrease (increase) in inventory		(309	)		4,681			7,606			6,303
Decrease in operating lease right-of-use assets		939			794			4,632			3,781
Increase (decrease) in trade payables		15,291			(1,121	)		23,032			(1,847	)
Increase (decrease) in other accounts payable and accrued expenses (including other long-term payables)		3,549			(2,720	)		3,898			1,677
Decrease in operating lease liability		(689	)		(73	)		(4,196	)		(4,034	)
Decrease in deferred revenues		(452	)		(9,830	)		(3,604	)		(9,562	)
Net cash provided by operating activities		1,129			10,961			26,198			30,887

Cash flow from investing activities:
Purchases of property and equipment, net		(3,727	)		(2,548	)		(14,581	)		(9,955	)
Software development costs capitalized		(645	)		(661	)		(1,883	)		(2,944	)
Payments made in connection with business acquisitions, net of acquired cash		-			(7,971	)		-			(7,971	)
Net cash used in investing activities		(4,372	)		(11,180	)		(16,464	)		(20,870	)

Cash flow from financing activities:
Proceeds from exercise of stock options		5,071			9			5,878			39
Repayments of bank credits and loans, net		-			(5,600	)		(7,400	)		(4,900	)
Net cash provided by (used in) financing activities		5,071			(5,591	)		(1,522	)		(4,861	)

Effect of exchange rate changes on cash and cash equivalents		(531	)		81			(1,138	)		133
Increase (decrease) in cash and cash equivalents		1,297			(5,729	)		7,074			5,289
Cash and cash equivalents at the beginning of the period		34,014			33,966			28,237			22,948
Cash and cash equivalents at the end of the period		35,311			28,237			35,311			28,237