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HOFFMAN ESTATES, Ill. – Cambium Networks (NASDAQ: CMBM), a provider of networking solutions with a market capitalization of $12.12 million, has been notified by The Nasdaq Stock Market LLC of non-compliance with listing requirements. On Monday, the company received a deficiency notice for not filing its quarterly report on time. According to InvestingPro data, the stock has declined 87.1% over the past year, reflecting ongoing challenges.
The notice follows Cambium’s failure to submit its Form 10-Q for the quarter ended March 31, 2025, as required under Nasdaq Listing Rule 5250(c)(1). The company has been given until June 16, 2025, to either file the overdue report or present a plan to regain compliance. If Nasdaq approves the proposed plan, Cambium could be granted an extension until October 13, 2025, to meet the listing standards. InvestingPro analysis reveals concerning metrics, including a debt-to-equity ratio of 1.76 and projected revenue decline of 20% for the current year.
Cambium Networks specializes in delivering digital experiences and connectivity for various sectors, including service providers, enterprises, and government entities through its ONE Network platform. This development allows the company to focus on business management rather than network operations.
The situation puts Cambium in a position where it must address the filing delay to maintain its listing on the Nasdaq exchange. The outcome of this process and Cambium’s ability to regain compliance will be closely watched by investors and market participants. This news is based on a press release statement from Cambium Networks.
In other recent news, Cambium Networks has received a second deficiency notice from The Nasdaq Stock Market due to its failure to file its annual report on Form 10-K for the year ended December 31, 2024. This follows a previous notice regarding the company’s stock price not meeting the minimum bid price requirement. Cambium Networks now has 60 days to file the overdue Form 10-K or present a compliance plan to Nasdaq. If accepted, the company may receive an extension of up to 180 days to meet the listing requirements. Additionally, Cambium Networks faces the risk of delisting due to its share price falling below the $1.00 minimum bid price for 30 consecutive business days. The company has until October 7, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Cambium Networks has expressed its intention to monitor the share price closely and explore options to address these deficiencies. Despite these challenges, Cambium’s shares will continue to trade on the Nasdaq under the ticker symbol "CMBM" for now.
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