New earnings in the network 2020. Cambium Networks Reports Third Quarter Financial Results Nasdaq:CMBM

new earnings in the network 2020
GAAP operating margin was 8. Non-GAAP operating margin was Days sales outstanding in accounts receivable was 63 days in the second quarter ofcompared to 54 days in the second quarter ofand 61 days in the first quarter of

This need for fixed wireless broadband infrastructure and technology upgrades to new gigabit wireless solutions is now rolling-out with our cloud powered enterprise Wi-Fi 6 solutions, 60 GHz millimeter wave products, CBRS solutions, and during with our new 5G solutions. With the addition of our new 60 GHz millimeter wave solutions, Cambium is changing the economics of broadband by bringing cost-effective access at multi-gigabit wireless speeds to homes and businesses everywhere.

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Given our new product momentum, we expect a strong finish to the calendar year and are very well positioned for our next stage of growth. GAAP gross margin for the third quarter was Non-GAAP gross margin for the third quarter was Launched breakthrough 60 GHz cnWave fixed wireless broadband, offering multi-gigabit performance at a fraction of the cost of fiber. Conference Call and Webcast Cambium Networks will host a live webcast and conference call to discuss its financial results at p. ET today, Nov.

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Following the live webcast, a replay will be available on the investor page of Cambium Networks website for a period of one year. All conferences will be held virtually. Following the live webcast, a replay will be available in the event archives at the same web address.

GAAP gross margin We announced unparalleled choice of cloud management across all three public cloud platforms, and we set a new standard for access to cloud data and insights by offering unlimited data to cloud customers for the lifetime of their subscriptions. These actions helped us to substantially grow our lead generation during the quarter, which bodes well for future funnel growth.

About Cambium Networks Cambium Networks empowers millions of people with wireless connectivity worldwide. Its wireless portfolio is used by commercial and government network operators as well as broadband service providers to connect people, places and things.

With a single network architecture spanning fixed wireless and Wi-Fi, Cambium Networks enables operators to achieve maximum performance with minimal spectrum.

End-to-end cloud management transforms networks into dynamic environments that evolve to meet changing needs with minimal physical human intervention.

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Cambium Networks empowers a growing ecosystem of partners who design and deliver gigabit wireless solutions that just work. Cautionary Note Regarding Forward-Looking Statements This release contains certain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this document, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements.

These statements involve known and unknown risks, uncertainties and other important factors that may new earnings in the network 2020 our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

The forward-looking statements in this document are only predictions.

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We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events.

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The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements.

Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events or otherwise.

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