Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cambium Networks (CMBM)
NASDAQ:CMBM
Holding CMBM?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.14Last Year’s EPS
-$0.95Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -45.79%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with strong growth in the Enterprise segment and improved financial metrics like gross margin and cash flow. However, this is offset by challenges in defense revenues, compliance issues with bank covenants, and overall revenue decline. The sentiment is balanced with both positive operational strides and significant financial concerns.Company Guidance
During Cambium Networks' Q3 2024 earnings call, the company provided several financial metrics and guidance for the upcoming quarter. The revenues for Q3 2024 were reported at $43.7 million, reflecting a 5% sequential decrease. However, the enterprise business showed significant growth with a 34% sequential increase in revenue to $15.2 million. The non-GAAP gross margin improved to 42.3%, and the free cash flow was a positive $5.2 million with a cash balance of $46.5 million as of September 30, 2024. Looking ahead to Q4 2024, the company expects revenues to range between $40 million and $45 million, with a non-GAAP gross margin of 42.5% to 45.5%, and an adjusted EBITDA loss of between $1 million to $3 million. Despite challenges, particularly in the defense sector, Cambium remains optimistic about its financial direction and is taking measures to control expenses and improve results.Enterprise Business Growth
Revenues in the Enterprise business grew by 34% sequentially to $15.2 million, with growth across all geographies.
Improved Non-GAAP Gross Margin
Non-GAAP gross margin improved to 42.3% from the previous quarter, indicating better inventory management and cost control.
Positive Free Cash Flow
Free cash flow was positive at $5.2 million during Q3 '24, with a cash balance of $46.5 million as of September 30.
Successful New Product Launches
Introduction of new products like the PMP 450b subscriber module and market apps which are expected to drive future growth.
---
CMBM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CMBM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.33 | $1.18 | -11.28% |
| Aug 08, 2024 | $1.86 | $1.70 | -8.60% |
| May 09, 2024 | $4.03 | $3.58 | -11.17% |
| Feb 15, 2024 | $4.58 | $4.62 | +0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Cambium Networks (CMBM) report earnings?
Cambium Networks (CMBM) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Cambium Networks (CMBM) earnings time?
Cambium Networks (CMBM) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMBM EPS forecast?
CMBM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.14.
---