Yahoo Finance Cambium Networks Full Year 2023 Earnings: EPS Misses Expectations
Cambium Networks (NASDAQ:CMBM) Full Year 2023 Results
Key Financial Results
Revenue: US$220.2m (down 26% from FY 2022).
Net loss: US$63.6m (down by 415% from US$20.2m profit in FY 2022).
US$2.31 loss per share (down from US$0.75 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cambium Networks EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 63%.
The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$131.9m (60% of total revenue). Notably, cost of sales worth US$148.8m amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$51.4m (38% of total expenses). Explore how CMBM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 1.6% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Cambium Networks' balance sheet and an in-depth analysis of the company's financial position.
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