2023-08-01 16:07:17 ET
- Cambium Networks press release ( NASDAQ: CMBM ): Q2 Non-GAAP EPS of $0.03 misses by $0.18 .
- Revenue of $59.5M (-14.1% Y/Y) misses by $17.04M .
-
Full Year 2023 Financial Outlook
-
Revenues between $265.0-$275.0 million, representing a decline of 7% to 11%
-
GAAP gross margin between 49.2%-50.6%; and non-GAAP gross margin between 50.2%-51.6%
-
GAAP net income between $2.3-$7.6 million or between $0.08 and $0.27 per diluted share; and non-GAAP net income between $16.7-$21.9 million or between $0.59 and $0.78 per diluted share
-
Adjusted EBITDA margin between 10.5%-12.6%
-
Taking into account our current visibility, the financial outlook as of August 1, 2023, for the third quarter ending September 30, 2023, is expected to be as follows:
-
Revenues between $62.0-$70.0 million
-
GAAP gross margin between 48.7%-50.2%; and non-GAAP gross margin between 49.8%-51.3%
-
GAAP operating expenses between $30.5-$31.5 million; and non-GAAP operating expenses between $25.6-$26.6 million
- GAAP operating (loss) income between ($0.3)-$3.6 million; and non-GAAP operating income between $5.2-$9.2 millio
- Interest expense, net of approximately $0.7 million
- GAAP net (loss) income between $(0.8)-$2.4 million or between ($0.03) and $0.08 per diluted share; and non-GAAP net income between $3.7-$6.9 million or between $0.13 and $0.25 per diluted share
- Adjusted EBITDA between $6.3-$10.3 million; and adjusted EBITDA margin between 10.2%-14.8%
- GAAP effective tax rate of approximately 0.0%; and non-GAAP effective tax rate of approximately 17.0%-21.0%
- Approximately 28.0 million weighted average diluted shares outstanding
For further details see:
Cambium Networks Non-GAAP EPS of $0.03 misses by $0.18, revenue of $59.5M misses by $17.04M