188宝金博怎么下载Cambium Networks报告了2021年第三季度财务业绩
GAAP |
非GAAP(1) |
|||||||||||
(in millions, except percentages) |
Q3 2021 |
Q2 2021 |
Q3 2020 |
Q3 2021 |
Q2 2021 |
Q3 2020 |
||||||
收入 |
$ 75.9 |
$ 92.7 |
$ 73.0 |
$ 75.9 |
$ 92.7 |
$ 73.0 |
||||||
Gross margin |
47.4% |
49.7% |
49.4% |
47.8% |
50.0% |
49.7% |
||||||
Operating margin |
7.7% |
15.4% |
10.0% |
11。4% |
18。9% |
14。6% |
||||||
调整后的EBITDA边缘 |
12.6% |
19.9% |
15.6% |
1 |
请参阅本新闻稿伴随的补充财务信息,以核对GAAP与非GAAP数字以及第三季度调整后的EBITDA的对帐 |
“尽管需求仍然很强劲,但由于超过预期的全球供应限制,我们对第三季度的业绩感到失望,从而影响了产品的采购和运输。”
Bhatnagar continued, "Cambium celebrated its 10th anniversary as a standalone company this October. We have built an innovative, sustainable, and prosperous business over the past decade, and remain excited about the next wave of multi-gigabit millimeter wave technology about to be unleashed in the upcoming months and years ahead. Cambium continues to work diligently with different governments, enterprises, and agencies to deploy our affordable wireless solutions."
收入
2021年第三季度的GAAP毛利率为47.4%,而2020年第三季度为49.4%,第二季度第二季度为49.7%。2021年第三季度的GAAP运营收入为
2021年第三季度的非GAAP毛利率为47.8%,而2020年第三季度为49.7%,2021年第二季度为50.0%。2021年第三季度的非GAAP运营收入为
现金provided by operating activities was
2021年第三季度亮点
- 收入
7590万美元 ,,,,up 4% year-over-year. - GAAP净收入
$4.6 million 要么$ 0.16 稀释份额和非GAAP净收入670万美元 要么$ 0.23 per diluted share. - 调整后的EBITDAof
960万美元 或收入的12.6%$11.4 million 要么15.6%of revenues for the third quarter 2020. - Point-to-Multi-Point revenues of
5010万美元 ,同比增长16%。 -
点对点 收入$13.9 million ,,,,decreased 23% year-over-year. - Enterprise Wi-Fi revenues of
1070万美元 ,同比增长8%。 - 净新渠道合作伙伴同比增加了2,270多,增长了27%。
- Devices under cnMaestro® Cloud management increased 47% year-over-year.
- 10月,Cambium188宝金博怎么下载 Networks庆祝其10Thanniversary since becoming a standalone company.
考虑到我们当前的可见性,截至
Fourth Quarter 2021 Financial Outlook
- 收入between
$ 73.5- $ 7750万美元 - GAAP毛利率在45.3%-46.8%之间;和非GAAP毛利率在45.5%-47.0%之间
- GAAP operating expenses between
$ 31.1- $ 3210万美元 ;and non-GAAP operating expenses between$ 28.5- $ 2950万美元 - GAAP营业收入between
$ 2.2- $ 420万美元 ;and non-GAAP operating income between$4.9-$6.9 million - 利息费用,大约
$0.9 million - GAAP net income between
$ 1.2- $ 290万美元 要么between$ 0.04 and$ 0.10 稀释的份额;和非GAAP净收入$ 3.3- $ 480万美元 要么between$ 0.11 and$ 0.17 per diluted share - 调整后的EBITDAbetween
$5.8-$7.8 million ;并调整了7.9%-10.1%之间的EBITDA余量 - GAAP有效税率约为10.0%-12.0%;和非GAAP有效税率约为19.0%-21.0%
- Approximately 28.8 million weighted average diluted shares outstanding
现金要求预计如下:
- 现金flow interest expense: approximately
$0.4 million - 资本支出:
$2.0-$2.3 million
Conference Call and Webcast
此外,
关于
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 cause 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.
在某些情况下,您可以按诸如“可能”,“应该”,“期望”,“预期”,“可以”,“可能”,“目标”,“目标”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“项目”,“”项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,项目,“”项目,““考虑”,“相信”,“估计”,“预测”,“潜在”或“继续”或这些术语或其他类似表达的否定。本文档中的前瞻性语句仅是预测。我们已经将这些前瞻性陈述基于我们当前对未来事件和财务趋势的预期和预测,我们认为这可能会影响我们的业务,财务状况和经营业绩。这些前瞻性陈述仅在本文档之日起说明,并受到许多风险,不确定性和假设的约束,包括我们2020年的“风险因素”部分中描述的关于向提交的10-K表格的年度报告的“风险因素”部分中所述的。
除适用法律要求外,我们不打算公开更新或修改此处包含的任何前瞻性陈述,无论是由于任何新信息,未来事件还是其他方式。
|
||||||
凝结的合并操作陈述 |
||||||
(成千上万,股份和每股金额除外) |
||||||
(未经审计) |
||||||
三个月结束了 |
||||||
|
|
|
||||
收入 |
$ 75,920 |
$ 92,709 |
$ 72,971 |
|||
收入成本 |
39,900 |
46,617 |
36,902 |
|||
毛利 |
36,020 |
46,092 |
36,069 |
|||
Gross margin |
47.4% |
49.7% |
49.4% |
|||
营业费用 |
||||||
Research and development |
12,082 |
12,617 |
10,213 |
|||
销售和营销 |
9,,,,938 |
9,,,,718 |
8,293 |
|||
General and administrative |
6,640 |
7,896 |
8,604 |
|||
Depreciation and amortization |
1,548 |
1,564 |
1,,,,643 |
|||
Total operating expenses |
30,208 |
31,,,,795 |
28,753 |
|||
营业收入 |
5,812 |
14,297 |
7,316 |
|||
Operating margin |
7.7% |
15.4% |
10.0% |
|||
利息费用,网络 |
752 |
1,316 |
1,259 |
|||
其他费用,网络 |
88 |
79 |
318 |
|||
所得税之前的收入 |
4,972 |
12,902 |
5,739 |
|||
所得税的规定 |
355 |
1,,,,385 |
144 |
|||
Net income |
$ 4,617 |
$ 11,517 |
$ 5,595 |
|||
每股收益 |
||||||
基本的 |
$ 0.17 |
$ 0.44 |
$ 0.22 |
|||
稀 |
$ 0.16 |
$ 0.40 |
$ 0.21 |
|||
加权平均股票数量已发行 |
||||||
基本的 |
26,540,843 |
26,365,207 |
25,691,357 |
|||
稀 |
28,639,177 |
28,909,348 |
26,346,673 |
|||
Share-based compensation included in costs and expenses: |
||||||
收入成本 |
$ 39 |
$ 50 |
$ 16 |
|||
Research and development |
834 |
842 |
396 |
|||
销售和营销 |
540 |
539 |
251 |
|||
General and administrative |
663 |
667 |
291 |
|||
总股票补偿费用 |
$ 2,076 |
$ 2,098 |
$ 954 |
|
||||
凝结合并资产负债表 |
||||
(成千上万,除了共享信息) |
||||
(未经审计) |
||||
|
|
|||
ASSETS |
||||
Current assets |
||||
现金 |
$ 58,596 |
$ 62,472 |
||
Accounts receivable, net of allowance of |
70,584 |
58,114 |
||
库存,网 |
28,789 |
33,,,,962 |
||
可收回的所得税 |
1,262 |
1,,,,420 |
||
预付的费用 |
5,239 |
4,143 |
||
其他流动资产 |
4,408 |
5,024 |
||
流动资产总额 |
168,878 |
165,135 |
||
非流动资产 |
||||
财产和设备,网络 |
10,296 |
7,535 |
||
Software, net |
5,000 |
3,,,,438 |
||
Operating lease assets |
5,227 |
5,083 |
||
Intangible assets, net |
11,240 |
12,895 |
||
|
9,842 |
9,842 |
||
Deferred tax assets, net |
7,961 |
1,537 |
||
其他非流动资产 |
568 |
288 |
||
总资产 |
$ 219,012 |
$ 205,753 |
||
负债和权益 |
||||
流动负债 |
||||
应付账款 |
$ 24,882 |
$ 30,859 |
||
Accrued liabilities |
18,827 |
20,160 |
||
员工赔偿 |
13,,,,465 |
14,911 |
||
Current portion of long-term external debt, net |
- |
29,201 |
||
递延收入 |
7,257 |
6,471 |
||
Other current liabilities |
5,586 |
6,009 |
||
总体负债总额 |
70,017 |
107,611 |
||
Noncurrent liabilities |
||||
长期外债,网络 |
30,249 |
24,957 |
||
递延收入 |
5,308 |
4,448 |
||
非流动运营租赁负债 |
3,999 |
3,332 |
||
Deferred tax liabilities, net |
9 |
9 |
||
Other noncurrent liabilities |
1,978 |
2,009 |
||
负债总额 |
111,560 |
142,366 |
||
股东权益 |
||||
共享资本; |
3 |
3 |
||
资本的额外支付 |
120,603 |
109,837 |
||
|
(3,663) |
(1,090) |
||
Accumulated deficit |
(8,805) |
(44,799) |
||
积累了其他全面损失 |
(686) |
(564) |
||
Total shareholders' equity |
107,452 |
63,387 |
||
TOTAL LIABILITIES AND EQUITY |
$ 219,012 |
$ 205,753 |
|
||||||
凝结的合并现金流量陈述 |
||||||
(In thousands) |
||||||
(未经审计) |
||||||
Three Months Ended |
||||||
|
|
|
||||
经营活动的现金流量: |
||||||
Net income |
$ 4,617 |
$ 11,517 |
$ 5,595 |
|||
调整以调整净收入与经营的净现金 |
||||||
Depreciation and amortization |
1,775 |
1,751 |
1,,,,807 |
|||
Amortization of debt issuance costs |
86 |
440 |
136 |
|||
Share-based compensation |
2,076 |
2,098 |
954 |
|||
Deferred income taxes |
(805) |
748 |
(434) |
|||
提供库存过剩和过时的 |
85 |
(60) |
881 |
|||
Other |
(159) |
14 |
433 |
|||
资产和负债的变化: |
||||||
Receivables |
10,092 |
(10,881) |
(1,536) |
|||
库存 |
(481) |
3,102 |
156 |
|||
预付的费用 |
(1,504) |
3,500 |
(243) |
|||
应付账款 |
(5,628) |
5,295 |
5,156 |
|||
应计员工赔偿 |
1,,,,652 |
2,565 |
2,915 |
|||
Other assets and liabilities |
13 |
49 |
565 |
|||
经营活动提供的净现金 |
11,819 |
20,138 |
16,,,,385 |
|||
投资活动的现金流量: |
||||||
Purchase of property and equipment |
(2,233) |
(1,150) |
(890) |
|||
购买软件 |
(992) |
(801) |
(485) |
|||
用于投资活动的净现金 |
(3,225) |
(1,951) |
(1,375) |
|||
现金flows from financing activities: |
||||||
偿还定期贷款 |
(2,500) |
(19,572) |
(2,500) |
|||
Issuance of ordinary shares |
- |
833 |
- |
|||
与股票净额结算有关的税款 |
(69) |
(622) |
(15) |
|||
共享期权练习的收益 |
1,196 |
1,,,,374 |
163 |
|||
用于融资活动的现金净现金 |
(1,373) |
(17,987) |
(2,352) |
|||
Effect of exchange rate on cash |
(22) |
15 |
18 |
|||
现金净增加 |
7,199 |
215 |
12,676 |
|||
现金,开始期 |
51,397 |
51,182 |
37,444 |
|||
现金,,,,end of period |
$ 58,596 |
$ 51,397 |
$ 50,120 |
|||
Supplemental disclosure of cash flow information: |
||||||
Income taxes paid |
$ 194 |
$ 287 |
$ 1,205 |
|||
Interest paid |
$ 424 |
$ 631 |
$ 925 |
|
||||||
补充财务信息 |
||||||
(In thousands) |
||||||
(未经审计) |
||||||
按产品类型收入 |
||||||
Three Months Ended |
||||||
|
|
|
||||
Point-to-Multi-Point |
$ 50,144 |
$ 59,796 |
$ 43,342 |
|||
|
13,890 |
14,,,,066 |
17,967 |
|||
无线上网 |
10,734 |
18,,,,297 |
9,,,,949 |
|||
Other |
1,,,,152 |
550 |
1,713 |
|||
Total Revenues |
$ 75,920 |
$ 92,709 |
$ 72,971 |
|||
REVENUES BY REGION |
||||||
Three Months Ended |
||||||
|
|
|
||||
North America |
$ 36,564 |
$ 49,346 |
$ 38,656 |
|||
|
23,414 |
24,943 |
20,250 |
|||
|
7,993 |
12,152 |
9,,,,138 |
|||
|
7,949 |
6,268 |
4,927 |
|||
Total Revenues |
$ 75,920 |
$ 92,709 |
$ 72,971 |
Use of non-GAAP (Adjusted) Financial Measures
除了根据公认的会计原则提供财务衡量
我们认为,这些财务措施以一种允许有意义的比较和分析业务趋势的方式反映了我们的业务前景。尽管非GAAP财务措施的计算可能因公司而异,但我们的详细演示可能会促进管理层和投资者与其他同行公司对我们的运营结果的分析和比较,其中许多使用类似的非GAAP财务指标来补充他们GAAP导致他们的公开披露。这些非GAAP财务措施将在下面讨论。
调整后的EBITDAis defined as net income as reported in our consolidated statements of income excluding the impact of (i) interest expense (income), net; (ii) income tax provision (benefit); (iii) depreciation and amortization expense; (iv) nonrecurring legal expenses, (v) share-based compensation expense, (vi) secondary offering expenses, (vii) one-time acquisition costs, and (viii) restructuring expenses. EBITDA is widely used by securities analysts, investors and other interested parties to evaluate the profitability of companies. EBITDA eliminates potential differences in performance caused by variations in capital structures (affecting net finance costs), tax positions (such as the availability of net operating losses against which to relieve taxable profits), the cost and age of tangible assets (affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). We adjust EBITDA to also exclude nonrecurring legal expenses since this is one-time in nature and does not reflect our ongoing operations. We adjust EBITDA for share-based compensation expense which is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond
非GAAPgross margin, non-GAAP operating expenses, non-GAAP operating income and non-GAAP operating margin, non-GAAP effective tax rate and non-GAAP net income are used as a supplement to our unaudited condensed consolidated financial statements presented in accordance with GAAP. We believe these non-GAAP measures are the most meaningful for period-to-period comparisons because they exclude the impact of share-based compensation expense, restructuring expenses and secondary offering expenses, nonrecurring legal expenses, write-down of debt issuance costs upon prepayment of debt amortization of acquired intangibles, and amortization of capitalized software costs as we do not consider these costs and expenses to be indicative of our ongoing operations.
基于股份的薪酬费用and associated employment taxes paid are excluded. Management may issue different types of awards, including share options, restricted share awards and restricted share units, as well as awards with performance or other market characteristics, and excludes the associated expense in this non-GAAP measure. Share-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond
非经常费用include settlements of existing or threatened litigation. Secondary offering expenses were incurred by
获得的无形资产的摊销包括客户关系,未经执行的技术,专利,软件和商标,因此被排除在外,因为这些并不表示持续运营。
资本化软件成本的摊销包括资本化的研发活动和开发活动,摊销了其用途,并包括在收入成本中,因此被排除在外,因为这些活动并不表示持续运营。
Acquisition and integration costs consist of legal and professional fees relating to the acquisition of
重组费用s consist primarily of severance costs for employees which are not related to future operating expenses.
我们的非GAAP税收调整包括基于股份的薪酬费用所产生的税收影响,包括公司的产生后可获得的超额或减少税收优惠以及公司所得税估值津贴的影响,最初在本季度结束时确认
非GAAP完全加权的基本股份和稀释股份在整个期间显示为未偿还的股份,并包括稀释股份,如果其对每股收益的影响是稀释的。我们还使用非GAAP完全加权的基本股份和稀释的股票来在各个时期提供更可比的每股结果。
These non-GAAP financial measures do not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP. There are limitations in the use of non-GAAP measures because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable non-GAAP financial measure. In addition, other companies may use other measures to evaluate their performance, or may calculate non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We present a "Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures" in the tables below.
The following table reconciles net income to Adjusted EBITDA, the most directly comparable financial measure, calculated and presented in accordance with GAAP (in thousands):
|
||||||
非GAAP调整EBITDA的补充时间表 |
||||||
(In thousands) |
||||||
(未经审计) |
||||||
三个月结束了 |
||||||
|
|
|
||||
Net income |
$ 4,617 |
$ 11,517 |
$ 5,595 |
|||
利息费用,网络 |
752 |
1,316 |
1,259 |
|||
所得税的规定 |
355 |
1,,,,385 |
144 |
|||
Depreciation and amortization |
1,775 |
1,751 |
1,,,,807 |
|||
EBITDA |
7,499 |
15,969 |
8,805 |
|||
Share-based compensation |
2,076 |
2,098 |
954 |
|||
次要提供费用 |
- |
376 |
- |
|||
非经常费用 |
- |
- |
1,,,,625 |
|||
重组费用 |
- |
- |
19 |
|||
调整后的EBITDA |
$ 9,575 |
$ 18,443 |
$ 11,403 |
|||
调整后的EBITDA边缘 |
12.6% |
19.9% |
15.6% |
The following table reconciles all other GAAP to non-GAAP financial measures (in thousands):
|
||||||
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES |
||||||
(In thousands, except per share data) |
||||||
(未经审计) |
||||||
Three Months Ended |
||||||
|
|
|
||||
GAAP gross profit |
$ 36,020 |
$ 46,092 |
$ 36,069 |
|||
基于股份的薪酬费用 |
39 |
50 |
16 |
|||
资本化软件成本的摊销 |
227 |
187 |
163 |
|||
非GAAP毛利 |
$ 36,286 |
$ 46,329 |
$ 36,248 |
|||
非GAAPgross margin |
47.8% |
50.0% |
49.7% |
|||
GAAP研发费用 |
$ 12,082 |
$ 12,617 |
$ 10,213 |
|||
基于股份的薪酬费用 |
834 |
842 |
396 |
|||
重组费用 |
- |
- |
19 |
|||
非GAAP研发费用 |
$ 11,248 |
$ 11,775 |
$ 9,798 |
|||
GAAP sales and marketing expense |
$ 9,938 |
$ 9,718 |
$ 8,293 |
|||
基于股份的薪酬费用 |
540 |
539 |
251 |
|||
非GAAP销售和营销费用 |
$ 9,398 |
$ 9,179 |
$ 8,042 |
|||
GAAP一般和行政费用 |
$ 6,640 |
$ 7,896 |
$ 8,604 |
|||
基于股份的薪酬费用 |
663 |
667 |
291 |
|||
次要提供费用 |
- |
376 |
- |
|||
非经常费用 |
- |
- |
1,,,,625 |
|||
非GAAP一般和行政费用 |
$ 5,977 |
$ 6,853 |
$ 6,688 |
|||
GAAP折旧和摊销 |
$ 1,548 |
$ 1,564 |
$ 1,643 |
|||
Amortization of acquired intangibles |
551 |
551 |
551 |
|||
非GAAP折旧和摊销 |
$ 997 |
$ 1,013 |
$ 1,092 |
|||
GAAP营业收入 |
$ 5,812 |
$ 14,297 |
$ 7,316 |
|||
基于股份的薪酬费用 |
2,076 |
2,098 |
954 |
|||
次要提供费用 |
- |
376 |
- |
|||
非经常费用 |
- |
- |
1,,,,625 |
|||
资本化软件成本的摊销 |
227 |
187 |
163 |
|||
Amortization of acquired intangibles |
551 |
551 |
551 |
|||
重组费用 |
- |
- |
19 |
|||
非GAAPoperating income |
$ 8,666 |
$ 17,509 |
$ 10,628 |
|||
GAAP税前收入 |
$ 4,972 |
$ 12,902 |
$ 5,739 |
|||
基于股份的薪酬费用 |
2,076 |
2,098 |
954 |
|||
次要提供费用 |
- |
376 |
- |
|||
非经常费用 |
- |
- |
1,,,,625 |
|||
资本化软件成本的摊销 |
227 |
187 |
163 |
|||
Amortization of acquired intangibles |
551 |
551 |
551 |
|||
Write-down of debt issuance costs upon prepayment of debt |
- |
338 |
- |
|||
重组费用 |
- |
- |
19 |
|||
非GAAP税前收入 |
$ 7,826 |
$ 16,452 |
$ 9,051 |
|||
出售所得税的GAAP |
$ 355 |
$ 1,385 |
$ 144 |
|||
估值津贴影响 |
- |
- |
(470) |
|||
Tax impacts of share vesting |
(519) |
(1,414) |
- |
|||
Tax effect of Non-GAAP adjustments, using non-GAAP ETR |
(571) |
(710) |
(662) |
|||
All other discrete items |
280 |
(61) |
- |
|||
非GAAPprovision for income taxes |
$ 1,165 |
$ 3,570 |
$ 1,276 |
|||
非GAAPETR |
14。9% |
21.7% |
14.1% |
|||
GAAP net income |
$ 4,617 |
$ 11,517 |
$ 5,595 |
|||
基于股份的薪酬费用 |
2,076 |
2,098 |
954 |
|||
次要提供费用 |
- |
376 |
- |
|||
非经常费用 |
- |
- |
1,,,,625 |
|||
资本化软件成本的摊销 |
227 |
187 |
163 |
|||
Amortization of acquired intangibles |
551 |
551 |
551 |
|||
Write-down of debt issuance costs upon prepayment of debt |
- |
338 |
- |
|||
重组费用 |
- |
- |
19 |
|||
非GAAPadjustments to tax |
(239) |
(1,475) |
(470) |
|||
Tax effect of Non-GAAP adjustments, using non-GAAP ETR |
(571) |
(710) |
(662) |
|||
非GAAP净收入 |
$ 6,661 |
$ 12,882 |
$ 7,775 |
|||
非GAAPfully weighted basic shares |
26,639 |
26,503 |
25,701 |
|||
非GAAP完全加权的稀释股 |
28,636 |
28,939 |
26,356 |
|||
非GAAP净收入每非GAAP基本份额 |
$ 0.25 |
$ 0.49 |
$ 0.30 |
|||
非GAAP净收入per Non-GAAP diluted share |
$ 0.23 |
$ 0.45 |
$ 0.29 |
Investor Inquiries:
Sr. Director Investor & Industry Analyst Relations
+1(847)264-2188
peter.schuman@cambiumnetworks.com
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