Cambium Networks reports Q2 non-GAAP EPS (25c), consensus (21c)

Reports Q2 revenue $45.9M, consensus $46.02M. “We delivered 9% sequential growth during the second quarter, margins improved, and we delivered positive cash from operations. Cambium’s product sales out of the distribution channel remain higher than reported revenues, and channel inventories declined, as reported by our distributors. The Enterprise business continued to strengthen, as did our Point-to-Multi-Point business,” said CEO Morgan Kurk. “Cambium expects to continue to improve its financial performance for the remainder of calendar 2024 as we control costs and improve our operating efficiency.”