---
title: "Cambium Networks 2024 Form 10-K: Revenue $177.3M, Net Loss $74.5M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281862408.md"
description: "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."
datetime: "2026-04-07T10:05:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281862408.md)
  - [en](https://longbridge.com/en/news/281862408.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281862408.md)
---

# Cambium Networks 2024 Form 10-K: Revenue $177.3M, Net Loss $74.5M

Cambium Networks reported fiscal 2024 total revenues of $177.3 million, a decline of $49.5 million (21.8%) versus 2023, and a net loss of $74.5 million, roughly flat with the prior year. Gross profit decreased to $62.9 million with a 35.5% gross margin, while operating loss widened to $70.4 million from $53.8 million a year earlier. Net income per share was not disclosed in the Part 2 Item 7/8 data provided.

**Financial Highlights**

-   **Total revenues**: $177.3 million, down $49.5 million (21.8%) vs 2023.
-   **Total gross profit**: $62.9 million; gross margin 35.5% (down from $76.8 million prior year).
-   **Operating loss**: $(70.4) million, compared with $(53.8) million in the prior year.
-   **Net loss**: $(74.5) million, roughly flat vs $(74.1) million prior year.
-   **Net income per share**: Not disclosed in the provided Part 2 Item 7/8 information.

**Business Highlights**

-   **Revenue trend and demand**: Revenues declined ~22% year-over-year driven by a 24% decline in product revenue; enterprise demand improved but point-to-point (PTP) and point-to-multipoint (PMP) demand weakened amid industry sell-down.
-   **Channel and inventory dynamics**: Industry sell-down shortened lead times and reduced near-term demand, prompting greater scrutiny of returns and obsolescence and adjustments to reserves.
-   **Product and regulatory progress**: Launched the Wi‑Fi 7 X7-35X product and secured 6 GHz FCC approval for ePMP and PTP platforms and for AFC (Automated Frequency Coordination) use, supporting product roadmap and market access.
-   **Operational and manufacturing changes**: Relocated U.S. offices; shifted some manufacturing from Mexico to Thailand; expanded outsourcing of production across Southeast Asia.
-   **Services and platform adoption**: Subscription and services revenue showed modest growth, with adoption of cnMaestro X/ONE network management and NSE offerings helping to advance recurring revenue initiatives.

Original SEC Filing: Cambium Networks Corp \[ CMBMF \] - 10-K - Apr. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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