CMBM FY 2021 Earnings Report — Cambium Networks Corporation Revenue & Financial Results | Market Cap Arena

Cambium Networks CorporationCMBM

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$336M	—	$278M	—	20.6%
Op. Income	$36M	—	$24M	—	52.1%
Gross Margin	47.9%	—	50.1%	—	-2.2pp
Net Margin	11.1%	—	6.7%	—	4.5pp
EPS (Diluted)	$1.31	—	$0.70	—	87.1%
Free Cash Flow	$20M	—	$52M	—	-61.8%

Revenue Flow

Item	Amount
REVENUE	$336M
Cost of Revenue	$175M
GROSS PROFIT	$161M
R&D Expenses	$51M
Selling & Marketing	$42M
General & Administrative	$25M
SG&A Expenses	$67M
Other Expenses	$6M
Operating Expenses	$124M
Cost & Expenses	$299M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$32M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$7M
EBIT	$36M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$336M
Cost of Revenue	$175M
GROSS PROFIT	$161M
R&D Expenses	$51M
Selling & Marketing	$42M
General & Administrative	$25M
SG&A Expenses	$67M
Other Expenses	$6M
Operating Expenses	$124M
Cost & Expenses	$299M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$32M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$7M
EBIT	$36M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$7M
Stock-Based Compensation	$8M
Deferred Income Tax	-$6M
Other Non-Cash Items	$934.0K
Change in Working Capital	-$17M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$10M
Net Debt Issuance	-$25M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$729.0K
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$20M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$0
Net Receivables	$71M
Inventory	$34M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$181M
PP&E (Net)	$16M
Goodwill	$10M
Intangible Assets	$17M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$52M
TOTAL ASSETS	$232M
Account Payables	$28M
Short-Term Debt	$2M
Deferred Revenue	$7M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$82M
Long-Term Debt	$27M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$120M
Common Stock	$3.0K
Additional Paid-In Capital	$124M
Retained Earnings	-$7M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$699.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$112M
Minority Interest	$0
TOTAL EQUITY	$112M
TOTAL LIABILITIES & EQUITY	$232M
Total Debt	$34M
Net Debt	-$26M