Quarterly ResultMay 20, 2026, 04:13 PM
Cambium Networks Q1 Net Loss $(3.4M); Going Concern Doubt
AI Summary
Cambium Networks reported a net loss of $(3.40) million for the first quarter of 2026, a significant improvement from the $(12.02) million loss in the prior year's quarter, with total revenues increasing to $44.56 million. Despite improved operational results, the company faces substantial doubt about its ability to continue as a going concern due to non-compliance with debt covenants and the lender's right to accelerate repayment of $66.47 million in outstanding debt. The company's shares were also suspended from Nasdaq and began trading on the OTC Experts Market.
Key Highlights
- Total revenues increased to $44.56 million for Q1 2026, up from $33.74 million in Q1 2025.
- Net loss significantly reduced to $(3.40) million in Q1 2026, compared to $(12.02) million in Q1 2025.
- Loss per share improved to $(0.12) in Q1 2026 from $(0.42) in Q1 2025.
- Operating loss narrowed to $(1.17) million in Q1 2026 from $(9.60) million in Q1 2025.
- Cash balance at March 31, 2026, was $5.86 million, down from $11.06 million at December 31, 2025.
- Company is not in compliance with debt covenants and has substantial doubt about its ability to continue as a going concern.
- Term loan facility and revolving credit facility totaling $66.47 million are classified as current liabilities due to default.
Price Impact
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