Cambium Networks ( (CMBMF) ) has released a notification of late filing.
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Cambium Networks Corporation has filed a Form 12b-25 to notify investors it will delay its Form 10-K (Yearly Report) for the year ended December 31, 2025. The filing covers the fiscal period ended December 31, 2025 and confirms that the company’s annual Form 10-K (Yearly Report) is the specific report that will not be filed on time.
The delay stems from a major ongoing restatement of past financial statements triggered by errors in revenue recognition estimates. These errors relate primarily to variable consideration, including sales returns and customer rebates under ASC 606, affecting audited 2022 and 2023 results and multiple Quarterly Reports on Form 10-Q (Quarter Report) throughout 2023 and 2024.
Because Cambium has yet to file its Form 10-K (Yearly Report) for 2024 and several outstanding Quarterly Reports on Form 10-Q (Quarter Report) for 2025, it cannot complete and submit the 2025 Form 10-K (Yearly Report) on schedule. Management and the audit committee indicate that the restatement and clean-up of all delinquent filings must be finished before the latest annual report can be finalized.
The company states it expects to file the delayed Form 10-K (Yearly Report) within the 15-day extension window allowed under Form 12b-25, but this goal is subject to the progress of the restatement work. Cambium also says it is working diligently to complete the restated financials and bring all delinquent annual and Quarterly Reports on Form 10-Q (Quarter Report) up to date as soon as practical.
Cambium has not completed its financial statements for 2024 or 2025, so it cannot reasonably estimate how 2025 results compare with 2024 at this time. However, the company warns that upcoming Form 10-K (Yearly Report) filings for 2024 and 2025 are expected to include disclosures about substantial doubt regarding its ability to continue as a going concern, a key red flag for equity investors.
The notification emphasizes that all comments on timing and expected results are forward-looking statements that may differ materially from actual outcomes. Risks noted include the effectiveness of internal controls, the possibility of further delays, and additional issues uncovered as the Form 10-K (Yearly Report) is finalized.
Cambium underscores its intention to restore timely reporting and comply with all SEC filing requirements once the restatement is complete. The late-filing notice is signed on behalf of the company by Chief Legal Officer Sally Rau, signaling board-level and executive involvement in addressing the reporting challenges.
More about Cambium Networks
Average Trading Volume: 538,136
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.67M
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