Cambium Networks Stock Price, News & Analysis

Cambium Networks (NASDAQ: CMBM) provided a commercial update and announced key executive changes. The company reported Q2 2025 customer shipments of $40 million, unchanged from Q1, while new orders increased 6% to $47 million. Distributor sell-through saw a 17% sequential increase, with channel inventory returning to pre-pandemic levels.

The company highlighted strong Wi-Fi 7 product growth of over 75% in H1 2025 compared to H2 2024, announcing two new Wi-Fi 7 access points launching in September. Additionally, CFO Jacob Sayer will depart on September 5, 2025, with John Waldron, VP Finance and Accounting, stepping in as acting CFO.

Cambium Networks (NASDAQ: CMBM) announced successful Wi-Fi upgrades at three hospitality locations using their ONE Network platform. DelParco Hotel in Italy, Maples Motor Inn in Tennessee, and Hawaiian resorts all reported significant improvements after implementing Cambium's cloud-managed solutions. DelParco Hotel saw a 75% reduction in Wi-Fi support calls and achieved top-quartile internet quality ratings. The solution included NSE 3000 firewall, EX-series switches, and XV2-series access points. At Hawaiian resorts, the deployment reduced outdoor AP requirements by 60% while maintaining coverage. Cambium's hospitality footprint now exceeds 1,000 hotels across 70+ countries. The platform offers future-proof infrastructure, supporting eventual Wi-Fi 7 upgrades without requiring infrastructure changes.

Cambium Networks (NASDAQ: CMBM) has received a deficiency notice from Nasdaq on May 22, 2025, due to non-compliance with listing requirements. The company failed to file its Q1 2025 Quarterly Report (Form 10-Q) on time. Nasdaq has given CMBM until June 16, 2025 to either file the delinquent reports or submit a compliance plan. If Nasdaq accepts the company's plan, they may grant an extension of up to 180 calendar days, until October 13, 2025, for CMBM to regain compliance.

Cambium Networks (NASDAQ: CMBM) has received a second deficiency notice from Nasdaq on April 16, 2025, due to failing to file its Form 10-K for the year ended December 31, 2024. This follows an initial deficiency notice from April 10, 2024, regarding non-compliance with the $1.00 per share minimum bid price requirement.

The company has been given 60 calendar days to either file the Form 10-K or submit a compliance plan to Nasdaq. If Nasdaq accepts the plan, Cambium could receive up to 180 calendar days (until October 13, 2025) to regain compliance. If Nasdaq rejects the plan, Cambium can appeal to a Nasdaq Hearings Panel.

Cambium Networks (NASDAQ: CMBM) has announced a delay in filing its Form 10-K for fiscal year 2024, citing the need for additional time to finalize financial statements and internal control assessments. The company has identified material weaknesses in internal controls related to Allowance for Credit Losses, Customer Incentives, and Information Technology General Controls.

For FY2024, Cambium expects to report:

• Revenue of approximately $166.0 million, down from $220.2 million in 2023
• Net loss of about $92.0 million ($3.29 per diluted share), compared to $77.4 million loss in 2023
• Q4 2024 revenue of approximately $34.0 million, versus $40.2 million in Q4 2023
• Q4 2024 net loss of about $47.0 million ($1.66 per diluted share)

The results include $27.0 million in non-cash impairment charges. The company will disclose substantial doubt regarding its ability to continue as a going concern in the upcoming 10-K filing.

Cambium Networks (NASDAQ: CMBM) has announced that its X7-35X Wi-Fi 7 indoor access point has received OpenRoaming™ certification from the Wireless Broadband Alliance (WBA) at the Wireless Global Conference APAC 2025 in Bangkok.

The certification ensures seamless, secure roaming across OpenRoaming-enabled networks. The X7-35X features tri-band support (2.4 GHz, 5 GHz, and 6 GHz), Multi-Link Operation (MLO) for enhanced throughput, and AI-powered analytics for network optimization.

OpenRoaming enables automatic Wi-Fi authentication through identity providers, eliminating manual network selection and credential entry. This certification allows Cambium to deliver enhanced connectivity solutions across hospitality, education, healthcare, smart city, MDU, venue and enterprise environments.

Cambium Networks (NASDAQ: CMBM) reported Q3 2024 financial results with revenues of $43.7 million, down 5% sequentially. The company posted a GAAP net loss of $9.7 million ($0.34 per share) and a non-GAAP net loss of $3.8 million ($0.14 per share). Gross margin improved to 39.9% GAAP and 42.3% non-GAAP. Operating cash flow was positive at $8.9 million with $46.5 million cash on hand. The company was not in compliance with its quarterly consolidated EBITDA covenant and October 2024 liquidity covenant, working with lenders for forbearance. Q4 2024 outlook projects revenues between $40.0-$45.0 million with continued operating losses.

Cambium Networks (NASDAQ: CMBM) has announced it will report its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a live webcast and conference call at 4:30 p.m. EDT on the same day, featuring President and CEO Morgan Kurk and CFO Jacob Sayer. Investors can access the webcast through the company's investor page, and a replay will be available for one year. Conference call participants must register in advance to receive dial-in details.

Cambium Networks (NASDAQ: CMBM) has announced a strategic collaboration with QUILT, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago. The initiative, part of QUILT's Broadband Access for Brighter Futures Program, will deploy a 401-mile fiber network across Cook County and Chicago's South and West Sides, benefiting over 440,000 households.

The project will utilize ComEd's middle-mile infrastructure and Cambium Networks' technology, including cnWave 60 GHz, Enterprise Wi-Fi, cnMatrix Ethernet Switches, and XGS PON, to create a cost-effective hybrid-fiber solution. This approach aims to reduce deployment costs, expedite implementation, and significantly close the digital divide in the area.