Cambium Networks 2024 Form 10-K: Revenue $177.3M, Net Loss $74.5M
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Cambium Networks reported fiscal 2024 revenues of $177.3 million, a 21.8% decline from 2023, with a net loss of $74.5 million, similar to the previous year. Gross profit fell to $62.9 million, reflecting a 35.5% gross margin. The operating loss widened to $70.4 million. Revenue decline was driven by a 24% drop in product revenue, despite improved enterprise demand. The company launched new products and made operational changes, including relocating offices and shifting manufacturing. Subscription and services revenue showed modest growth.
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