--- title: "CAMBIUM NETWORKS CORPORATION | 10-K: FY2024 Revenue: USD 177.29 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283993639.md" datetime: "2026-04-24T11:41:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283993639.md) - [en](https://longbridge.com/en/news/283993639.md) - [zh-HK](https://longbridge.com/zh-HK/news/283993639.md) --- # CAMBIUM NETWORKS CORPORATION | 10-K: FY2024 Revenue: USD 177.29 M Revenue: As of FY2024, the actual value is USD 177.29 M. EPS: As of FY2024, the actual value is USD -2.65. EBIT: As of FY2024, the actual value is USD -70.46 M. #### Overall Financial Performance - **Total Revenues**: Decreased from $226,767 thousand in 2023 to $177,286 thousand in 2024, a change of -21.8%. - **Cost of Revenues**: Decreased from $149,928 thousand in 2023 to $114,355 thousand in 2024. - **Gross Profit**: Decreased from $76,839 thousand in 2023 to $62,931 thousand in 2024. - **Total Gross Profit Margin**: Increased from 33.9% in 2023 to 35.5% in 2024. #### Operating Expenses - **Research and Development**: Decreased from $53,478 thousand in 2023 to $39,292 thousand in 2024, a change of -26.5%, primarily due to lower employee-related expense, outside contractor spend, and engineering material spend. - **Sales and Marketing**: Decreased from $42,906 thousand in 2023 to $36,719 thousand in 2024, a change of -14.4%, mainly driven by lower employee-related expense, outside contractor spend, and marketing-related spend. - **General and Administrative**: Decreased from $28,065 thousand in 2023 to $26,010 thousand in 2024, a change of -7.3%, primarily due to a reduction in nonrecurring costs and lower employee-related expense. - **Depreciation and Amortization**: Decreased from $6,210 thousand in 2023 to $5,786 thousand in 2024, a change of -6.8%. - **Impairment**: Increased from - $0 thousand in 2023 to $25,535 thousand in 2024, a change of 100.0%, including charges on property and equipment, goodwill, and intangible assets. #### Operating Loss and Net Loss - **Operating Loss**: Increased from - $53,820 thousand in 2023 to - $70,411 thousand in 2024. - **Interest Expense, net**: Increased from $2,521 thousand in 2023 to $5,843 thousand in 2024, a change of 131.8%, mainly due to drawing on a revolving credit facility and increased interest rates. - **Other Expense, net**: Decreased from $271 thousand in 2023 to $52 thousand in 2024, a change of -80.8%, primarily due to foreign currency fluctuations. - **Loss before income taxes**: Increased from - $56,612 thousand in 2023 to - $76,306 thousand in 2024. - **Provision (benefit) for income taxes**: Changed from a provision of $17,468 thousand in 2023 to a benefit of - $1,854 thousand in 2024, a change of -110.6%. - **Net Loss**: Increased from - $74,080 thousand in 2023 to - $74,452 thousand in 2024. #### Segment Revenue by Product Category - **Point-to-Multi-Point (PMP)**: Decreased from $95,816 thousand in 2023 to $73,469 thousand in 2024, a change of -23.3%, driven by decreased demand across most regions. - **Point-to-Point (PTP)**: Decreased from $81,470 thousand in 2023 to $48,195 thousand in 2024, a change of -40.8%, mostly due to decreased demand for defense products in North America. - **Enterprise**: Increased from $44,377 thousand in 2023 to $50,282 thousand in 2024, a change of 13.3%, largely due to increased demand for Wi-Fi 6 and switching products in EMEA. - **Other**: Increased from $5,104 thousand in 2023 to $5,340 thousand in 2024, a change of 4.6%. - **Subscriptions and Services**: Increased from $18,628 thousand in 2023 to $19,481 thousand in 2024, a change of 4.6%, primarily due to increased volume of software subscriptions. #### Segment Revenue by Geography - **North America**: Decreased from $138,927 thousand in 2023 to $86,914 thousand in 2024, a change of -37.4%, primarily due to decreased PTP, PMP, and enterprise revenues. - **Europe, Middle East, Africa (EMEA)**: Increased from $43,647 thousand in 2023 to $50,956 thousand in 2024, a change of 16.7%, mainly from increased enterprise product revenues. - **Caribbean and Latin America (CALA)**: Remained relatively flat, decreasing from $20,667 thousand in 2023 to $20,527 thousand in 2024, a change of -0.7%. - **Asia Pacific (APAC)**: Decreased from $23,526 thousand in 2023 to $18,889 thousand in 2024, a change of -19.7%, driven by lower revenues across all product categories. #### Cash Flow - **Cash used in operating activities**: Was - $16,696 thousand in 2023 and - $14,975 thousand in 2024. - **Cash used in investing activities**: Was - $11,481 thousand in 2023 and - $11,898 thousand in 2024. - **Cash (used in) provided by financing activities**: Was - $1,269 thousand in 2023 and $43,183 thousand in 2024, with the 2024 increase primarily due to drawing $45.0 million on a revolving credit facility. #### Outlook / Guidance Cambium Networks Corporation anticipates ongoing revenue challenges due to market pressures like inventory sell-down, macroeconomic factors, and increased competition from new entrants. The company faces substantial doubt about its ability to continue as a going concern due to non-compliance with credit agreement covenants and declining cash. 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