Cambium Networks Reports Third Quarter 2024 Financial Results
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Cambium Networks reported its Q3 2024 financial results, showing a 5% sequential decrease in revenues to $43.7 million. Despite this, the company improved its gross margins and reduced its adjusted EBITDA loss by 65% sequentially. The net loss was $9.7 million, with a non-GAAP net loss of $3.8 million.
November 07, 2024 | 9:15 pm
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Cambium Networks reported a 5% sequential decrease in Q3 2024 revenues to $43.7 million. However, gross margins improved, and the adjusted EBITDA loss was reduced by 65% sequentially. The net loss was $9.7 million, with a non-GAAP net loss of $3.8 million.
The 5% revenue decline is a negative indicator, but the improvement in gross margins and significant reduction in adjusted EBITDA loss are positive signs. The net loss remains a concern, but the overall mixed results suggest a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100