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CMBM

Cambium Networks Corporation

CMBM

Cambium Networks Corporation • NASDAQ
$2.00 ▼ -4.76% (-0.10)
Market Cap $56.49 M
52w High $6.80
52w Low $0.23
Dividend Yield 0%
P/E -0.56
Volume 700.17K
Outstanding Shares 28.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2024 $43.726M ▼ $25.504M ▲ $-9.676M ▼ -22.129% ▼ $-0.35 ▼ $-6.385M ▲
Q2-2024 $45.946M ▲ $24.843M ▼ $-9.143M ▲ -19.899% ▲ $-0.33 ▲ $-9.521M ▲
Q1-2024 $42.337M ▲ $28.03M ▲ $-26.447M ▲ -62.468% ▲ $-0.95 ▲ $-18.501M ▲
Q4-2023 $40.206M ▼ $27.868M ▼ $-52.854M ▼ -131.458% ▼ $-1.91 ▼ $-39.192M ▼
Q3-2023 $43.046M $31.514M $-26.2M -60.865% $-0.95 $-19.869M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2024 $46.491M ▲ $222.609M ▼ $178.979M ▲ $43.63M ▼
Q2-2024 $42.574M ▲ $225.091M ▲ $174.127M ▲ $50.964M ▼
Q1-2024 $38.711M ▲ $223.557M ▲ $166.767M ▲ $56.79M ▼
Q4-2023 $18.71M ▼ $217.875M ▼ $136.941M ▲ $80.934M ▼
Q3-2023 $27.529M $245.864M $115.641M $130.223M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2024 $-9.676M ▼ $8.897M ▲ $-3.662M ▲ $-1.318M ▼ $3.917M ▲ $5.235M ▲
Q2-2024 $-9.143M ▲ $2.401M ▲ $-4.17M ▼ $5.646M ▼ $3.863M ▼ $-1.769M ▲
Q1-2024 $-26.447M ▲ $-15.647M ▼ $-3.017M ▼ $38.672M ▲ $20.001M ▲ $-18.664M ▼
Q4-2023 $-39.008M ▼ $-6.348M ▼ $-2.346M ▲ $-126K ▲ $-8.819M ▼ $-8.694M ▼
Q3-2023 $-26.2M $-246K $-3.31M $-869K $-4.449M $-3.556M

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Enterprise
Enterprise
 $0 ▲$10.00M ▲$10.00M ▲$20.00M ▲
Point To Multi Point
Point To Multi Point
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Point To Point
Point To Point
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Cambium’s income statement shows a business under pressure after a few good years. Revenue grew strongly through 2021, then slipped in 2022 and dropped sharply in 2023. Profitability followed the same pattern: healthy gross profits and positive operating income earlier in the period, then a steep reset in 2023 with operating and net losses. The most recent year shows much thinner margins and a sizeable earnings loss, suggesting a combination of weaker demand, pricing pressure, or product transition challenges. Overall, results have shifted from solidly profitable to clearly loss‑making, and earnings volatility has increased.

Balance Sheet

Balance Sheet The balance sheet has weakened but is not overly stretched. Total assets rose into 2022 and then declined in 2023, in line with the business slowdown. Cash levels have come down noticeably from prior years, reducing the immediate financial cushion. Debt has stayed fairly steady and does not look excessive in absolute terms, but shareholder equity has been significantly eroded by recent losses, shrinking the capital base. This means the company has less room for prolonged underperformance and is more reliant on stabilizing results or accessing external financing if needed.

Cash Flow

Cash Flow Cash flow has moved from a position of strength to one of concern. In 2020 and 2021, the core business generated solid cash, comfortably covering the company’s relatively light investment needs. In 2022, operating cash flow hovered around break‑even. In 2023, both operating and free cash flow turned clearly negative. The issue is not heavy capital spending—investment levels are modest—but rather weaker profitability and working capital dynamics. At present, the company is consuming cash rather than generating it, which increases pressure to restore margins or adjust costs.

Competitive Edge

Competitive Edge Cambium operates in a very competitive communications equipment market, facing large, well‑funded rivals like Cisco Meraki and Ubiquiti. Its edge comes from a unified “ONE Network” approach that ties Wi‑Fi, switching, fixed wireless, and management into a single platform, managed via the cloud‑based cnMaestro system. This can simplify operations and lower total cost of ownership for customers, particularly in the mid‑market and among wireless internet service providers. Features such as AI‑assisted network management, backward compatibility, and attractive economics create switching costs and customer stickiness. The flip side is exposure to aggressive pricing, rapid technology shifts, and the need to differentiate constantly against much larger brands.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. Cambium leans on deep radio engineering roots and is pushing ahead with AI‑driven network management, early Wi‑Fi 7 products, flexible software‑defined radios, and integrated fixed wireless and switching solutions. The cnMaestro X platform and the ONE Network strategy aim to deliver enterprise‑grade capabilities at lower cost and with easier management, which can be compelling for cost‑sensitive customers. However, sustaining this technology edge requires continued R&D investment at a time when profitability and cash generation are under strain, creating tension between the need to innovate and the need to preserve financial resources.

Summary

Cambium combines a strong technology and platform story with clearly deteriorated recent financial performance. The business moved from growth and healthy profits in 2020–2021 to declining revenue, compressed margins, and losses in 2023. The balance sheet still has manageable debt but a much slimmer equity cushion and reduced cash, while cash flow has swung from comfortably positive to negative. Competitively, the company offers a differentiated, unified network platform with AI‑enabled management and attractive economics, but operates in a market dominated by powerful rivals and fast technology cycles. The central question going forward is whether Cambium can translate its innovation pipeline—especially Wi‑Fi 7, AI‑driven management, and expanded ONE Network capabilities—into renewed revenue growth and healthier margins before financial flexibility becomes too tight. Uncertainty is elevated until there are clearer signs of stabilization in sales, profitability, and cash generation.

NEWS

October 29, 2025 · 5:00 AM UTC

Cambium Networks Integrates with Starlink for Enterprise-Grade Service Delivery

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October 16, 2025 · 4:01 PM UTC

Cambium Networks receives Nasdaq Staff Determination Letter; Will Seek Hearing & Continued Listing

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October 14, 2025 · 2:55 PM UTC

Cambium Networks Introduces New Low-Cost, High-Performance Force 4518 and Force 4616 Subscriber Modules

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September 24, 2025 · 6:00 AM UTC

Cambium Networks Expands ONE Network Portfolio with Wireless and Wired Access Solutions to Power Next-Generation Connectivity

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September 17, 2025 · 4:52 AM UTC

Job&Talent strengthens Board of Directors to drive next phase of AI-led growth

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