$84.5 million in revenue, up 4% respectively and 7% year-over-year North American revenue of $44.4 million, up 47% and 33% year-over-year, respectively, 4% and 7% year-on-year Revenues grew 47% respectively and increased 33% year-over-year Gross margin 49.0%, non-GAAP gross margin 49.6% Total operating income of 49.6%, operating income of $9.5 million, operating income non-gaAP of $13.2 million , Non-GAAP operating income Net income of $10.0 million or $0.35 per diluted share, non-GAAP net income of $10.3 million or $0.36 per diluted share Or adjusted EBITDA as $14.3 million or 16.9% of revenue per diluted share, non-GAAP net or diluted share , a leading provider of WIRELESS network infrastructure solutions ROLLING MEADOWS, Ill., February 31, 2022 -- Cambium Networks Corporation announced financial results for the fourth quarter and full year 2022 today, ended December. GAAP Non-GaAP 2022 4th QUARTER 3rd QUARTER 2022 2021 4th QUARTER 2022 4th QUARTER 3rd QUARTER 2022 2021 4th quarter revenues $84.5 US$ 81.2 $78.7 $84.5 US$ 81.2 Gross profit of $78.7 49.0% 50.7% 43.8% 49.6% 51.3% 44.2% operating margin 11.2% 12.3% 3.7% 15.6% 17.0% 7.3% Net income $10.0 USD $9.4 1.4 USD $10.3 USD 11.3 USD $4.4 EBITDA margin adjusted 16.9% 18.2% 8.6% GAAP Non-GaAP 2022 2021 2022 2021 income $296.9 $335.9 $296.9 Gross profit of $335.9 48.9% 47.9% 49.5% 48.2% operating margin 6.7% 10.8% 11.6% 14.1% Net income $20.2 US $37.4 $26.9 $35.6 EBITDA margin adjusted 13.1% 15.3% 1 GAAP and non-GAAP numbers and For reconciliation of the adjusted EBITDA for the fourth quarter ended December 31, 2022 and the full year 2022. President and CEO Atul Bhatnagar said, "Our fourth quarter featured healthy growth in revenues, solid profitability and improved cash generation." said. "Point-to-point business has returned to sequential growth and global defense spending was a strong quarter for Point-to-point business." Bhatnagar continued: “Cambium's innovation in wireless broadband technology continues to benefit service providers, companies, industrial customers and government agencies around the world with our expanding portfolio of gigabit wireless products and solutions. Our high-quality yet affordable solutions In 2023, Cambium Enterprise will continue to achieve healthy growth in the business while increasing revenues and increasing profitability, developing our next generation multi-gigabit fixed wireless solutions in point-to-multipoint business, and increasing globalization for our point-to-point products. expects to benefit from defense spending." In the fourth quarter of 2022, revenue of $84.5 million was $5.8 million year-over-year, mainly as a result of higher revenues for Enterprise and Point-to-point products. This was partially offset by lower Point-to-multipoint revenues, mainly due to reduced demand from service providers prior to product migrations to new technologies. Revenue for the fourth quarter of 2022 was offset by lower Corporate revenues, up between $3.3 million and $81.2 million due to record-breaking Point-to-point revenues and higher Point-to-multipoint revenues in the third quarter of 2022. The GAAP gross margin for the fourth quarter is 49.0%, while for the fourth quarter it is 43.8% 2022 and for the third quarter it is 50.7% 2022 2021. 2022 GAAP's operating income for the fourth quarter of 2021 compared to $9.5 million, fourth quarter to $2.9 2022 million, and third quarter to $10.0 million. GAAP net income of $10.0 million for the fourth quarter of 2022, $0.35 per diluted share, $1.4 million, or net earnings of $0.05 per diluted share and $9.4 million for the fourth quarter of 2021, or diluted for the third quarter net earnings of $0.34 per share 2022. The non-GAAP gross margin for the fourth quarter 2022 was 49.6%, while for the fourth quarter 2021 it was 44.2% and for the third quarter 2022 51.3%. Non-GAAP operating income for the fourth quarter of 2022 was $13.2 million, for the fourth quarter of 2021 $5.8 million, and for the third quarter of 2022 $13.8 million. Non-GAAP net income for the fourth quarter was $2022 million, or $0.36 per diluted share, compared to $4.4 million, or $0.16 per diluted share, for the fourth quarter, 2021 2022 million, or $11.3 million, or $10.3.40 per diluted share, for the third quarter. In the fourth quarter of 2022, it adjusted 6.7 million, or 8.6%, of revenues to EBITDA for the fourth quarter of 16.9, and 14.7 million, or 14.3%, 18.2% of revenues for the third quarter of 2021 2022. For the full year 2022, revenues of $296.9 million decreased by $39.0 million compared to the full year 2021. While the GaAP gross margin was 48.9% for 2022, it is an accepted rate of 47.9% for 2021. Non-GAP gross profit was 49.5% of revenues for 2022 versus 48.2% of 2021 revenues. GaAP's operating income for 2022 is $19.9 million, and for 2021 it's $36.4 million. Non-GAAP operating income was $34.3 million, or 11.6%, versus $47.4 million, or 14.1%, of revenues from 2022 to 2021. GaAP net income reached $20.2 million, or $0.72 per diluted share, through 2022, and GAAP net income reached $37.4 million, or $1.31 per diluted share, for 2021 year-on-year. For full year 2022, non-GAAP net income was $35.6 million or $1.26 per diluted share for 2021, compared to $26.9 million, or $0.94. Adjusted for 2022, EBITDA was $38.8 million, or 13.1%, versus $51.2 million, or 15.3%, of 2021 revenues. Cash from operating activities amounted to US$ 4.0 2021 million in the fourth quarter of 2022, US$ 5.6 2022 million for the fourth quarter, and US$ 2.2 million for the third quarter. A total of $48.2 million as of December 31, 2022, $11.1 million less than at December 31, 2021, primarily due to higher inventories and repayment of debt offset by earnings. Fourth Quarter 2022 Highlights Revenue of $84.5 million was up 4%, respectively, and 7% year-over-year. increased by 4%, respectively, and increased by 7% year-on-year. GAAP net income of $10.0 million or $0.35 per diluted share, non-GAAP net income of $10.3 million or $0.36 per diluted share, GAAP net income of $1.4 million or $0.05 per diluted share, And non-GAAP net income in the fourth quarter of 2021 $4.4 million or $0.16 per diluted share. Or per diluted share, non-GAAP net net or per diluted share, GAAP net income or per diluted share, non-GAAP net income or net income per diluted share for the fourth quarter 2021. $6.7 million or % of revenues in the fourth quarter of 2021. Adjusted EBITDA of revenue of $14.3 million, or 16.9%, compared to 8.6. or 16.9% of revenues, 8.6% or 2021% of revenues for the fourth quarter. Net cash from operating activities of $ 4.0 million compared to $ 5.6 million from operating activities in the fourth quarter of 2021. Compared to that provided by operating activities for the fourth quarter 2021. It increased its net new channel partners by more than 1,300 year-on-year, an increase of over 11%. Devices under CnMaestro ® cloud management increased by 21% year-on-year. Highlights of all year 2022 Revenues of $296.9 million were down 12% compared to 2021. It decreased by 12% compared to 2021. Corporate Wi-Fi revenues of $109.8 million grew 64% compared to 2021. It grew 64% compared to 2021. Point-to-multipoint revenues of $114.9 million were down 44% compared to 2021. Compared to 2021, it decreased by 44%. Gotopnews.com