Cambium networks reports second quarter 2023 financial results

Morgan kurk announced as president & chief executive officer revenues of $59.5 million, decreased 23% sequentially, and increased 14% year-over-year record point-to-point revenues of $25.1 million, up 39% sequentially, and increased 60% year-over-year gross margin of 49.1%, non-gaap(1) gross margin of 50.3% operating loss of $2.7 million, non-gaap(1) operating income of $1.6 million net loss of $2.6 million or $0.10 per diluted share, non-gaap(1) net income of $0.9 million or $0.03 per diluted share adjusted ebitda(1) of $2.8 million or 4.7% of revenues rolling meadows, ill. , aug. 1, 2023 /prnewswire/ -- cambium networks corporation ("cambium networks") (nasdaq: cmbm), a leading provider of wireless networking infrastructure solutions, today announced financial results for the second quarter 2023 ended june 30, 2023.
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