2023-05-08 16:06:10 ET
- Cambium Networks press release ( NASDAQ: CMBM ): Q1 Non-GAAP EPS of $0.24 beats by $0.04 .
- Revenue of $77.4M (+25.0% Y/Y) beats by $0.67M .
- Adjusted EBITDA of $10.4 million or 13.4% of revenues
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Second Quarter 2023 Financial Outlook
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Revenues between $72.0-$80.0 million, up approximately 4%-15% year-over-year
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GAAP gross margin between 49.4%-50.9%; and non-GAAP gross margin between 50.3%-51.8%
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GAAP operating expenses between $33.5-$34.5 million; and non-GAAP operating expenses between $30.3-$31.3 million
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GAAP operating income between $2.1-$6.2 million; and non-GAAP operating income between $5.9-$10.1 million
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Interest expense, net of approximately $0.6 million
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GAAP net income between $1.2-$4.8 million or between $0.04 and $0.17 per diluted share; and non-GAAP net income between $4.2-$7.6 million or between $0.15 and $0.27 per diluted share
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Adjusted EBITDA between $6.9-$11.1 million; and adjusted EBITDA margin between 9.6%-13.9%
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GAAP effective tax rate of approximately 11.0%-15.0%; and non-GAAP effective tax rate of approximately 17.0%-21.0%
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Approximately 28.6 million weighted average diluted shares outstanding
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Full Year 2023 Financial Outlook
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Revenues between $327.0-$337.0 million, increasing between approximately 10%-14%
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GAAP gross margin approximately 50.1%; and non-GAAP gross margin approximately 50.9%
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GAAP net income between $22.8-$26.0 million or between $0.80 and $0.91 per diluted share; and non-GAAP net income between $33.7-$36.0 million or between $1.18 and $1.26 per diluted share
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Adjusted EBITDA margin between 14.8%-15.5%
For further details see:
Cambium Networks Non-GAAP EPS of $0.24 beats by $0.04, revenue of $77.4M beats by $0.67M