The latest announcement is out from Cambium Networks ( (CMBM) ).
On March 31, 2025, Cambium Networks announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, due to the need for more time to finalize financial statements and assess internal controls. The company identified material weaknesses in internal controls related to credit losses, customer incentives, and IT general controls, and is taking steps to address these issues. Preliminary results indicate a decrease in revenue and an increase in net loss for 2024 compared to 2023, with significant non-cash charges due to asset impairments. The company also expressed substantial doubt about its ability to continue as a going concern.
More about Cambium Networks
Cambium Networks is a leading provider of wireless and wired networking infrastructure solutions, enabling service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences and device connectivity. The company’s ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies, allowing customers to focus more on managing their business rather than the network.
YTD Price Performance: -10.71%
Average Trading Volume: 215,259
Technical Sentiment Signal: Buy
Current Market Cap: $19.77M
See more insights into CMBM stock on TipRanks’ Stock Analysis page.