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HOFFMAN ESTATES, Ill. - Cambium Networks Corporation (NASDAQ:CMBM) announced Monday it received an additional staff determination letter from Nasdaq on November 25, notifying the company of non-compliance with continued listing standards due to its failure to timely file its Quarterly Report for the period ended September 30, 2025. The networking solutions provider, currently trading at $1.83 with a market capitalization of just $51.4 million, has seen its stock fall nearly 12% over the past week amid these compliance challenges.
This marks the fourth deficiency notice for the networking solutions provider, which previously received similar letters on April 16, May 22, and August 25 regarding its failure to file its 2024 Annual Report and quarterly reports for the first two quarters of 2025. InvestingPro data reveals Cambium is quickly burning through cash, with negative levered free cash flow of $18 million, contributing to its overall "WEAK" financial health rating.
The company had been granted an extension until October 13 to regain compliance with Nasdaq’s Filing Rule. On November 11, Cambium presented its compliance plan before the Nasdaq Hearings Panel and requested a continued stay of delisting while it works to file the delinquent reports.
The latest notification serves as an additional basis for potential delisting of Cambium’s ordinary shares from The Nasdaq Global Market. The company’s extended stay request remains under review by the Hearings Panel, which will consider the most recent filing delinquency in its decision regarding Cambium’s continued listing status.
Cambium Networks provides networking solutions for service providers, enterprises, industrial organizations, and governments. The information in this article is based on a company press release statement.
In other recent news, Cambium Networks reported approximately $43 million in customer shipments for the third quarter of 2025, marking an 8% increase from the previous quarter. However, new customer orders fell by 4% to approximately $45 million, which the company attributes to typical seasonal variations. In a significant development, Cambium Networks announced the integration of its Cambium ONE Network solution with Starlink satellite Internet services. This collaboration aims to enhance enterprise-grade services through improved security, traffic intelligence, and scalability. Additionally, Cambium Networks is facing a potential delisting from Nasdaq due to non-compliance with the minimum bid price requirement. The company has also expanded its ONE Network solutions by introducing new multi-gigabit Wi-Fi 7 access points and cnMatrix switches. These products are designed to support AI-powered enterprise networks, with specific models targeting sectors like education and hospitality.
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