Cambium Networks reports stable Q2 shipments, CFO departure

HOFFMAN ESTATES, Ill. - Cambium Networks Corporation (NASDAQ:CMBM), currently trading at $0.77 per share with a market capitalization of $21.75 million, announced Tuesday that it billed approximately $40 million in customer shipments during the second quarter of 2025, remaining substantially unchanged from the first quarter. According to InvestingPro data, the company has seen a significant revenue decline of nearly 35% over the last twelve months.

The wireless networking infrastructure provider reported new customer orders of approximately $47 million in Q2, representing a 6% increase from the previous quarter. The company also noted that distributor sell-through increased by approximately 17% sequentially, with inventory-in-the-channel now at or below pre-pandemic levels. InvestingPro analysis indicates the company is currently trading at a low revenue valuation multiple, with gross profit margins at 17.14%.

"We are encouraged by the stable shipping levels in the first two quarters as well as by our quarterly bookings which have improved sequentially in each of the two most recent quarters," said Morgan Kurk, president and CEO of Cambium Networks, in a press release statement.

The company highlighted growth in its Wi-Fi 7 product line, which increased more than 75% in the first half of 2025 compared to the second half of 2024. Cambium plans to introduce two new Wi-Fi 7 access points in September: the X7-53X and the X7-55X.

Separately, Cambium announced that Chief Financial Officer Jacob Sayer will leave the company effective September 5, 2025, to pursue another opportunity. John Waldron, the company’s Vice President of Finance and Accounting, will assume responsibilities as acting chief financial officer.

Waldron previously served as SVP Finance and Accounting and Chief Accounting Officer at Hyzon Motors Inc. and has held financial leadership positions at companies including Treehouse Food, Campbell Soup Company, and Navistar.

The financial information provided in the announcement has not been audited or reviewed by independent public accountants and may be subject to change.

In other recent news, Cambium Networks has encountered a compliance issue with Nasdaq. The company received a deficiency notice for failing to file its quarterly report on time, as required under Nasdaq Listing Rule 5250(c)(1). This notice pertains to the company’s inability to submit its Form 10-Q for the quarter ending March 31, 2025. Cambium Networks has been given a deadline until June 16, 2025, to either file the overdue report or provide a plan to regain compliance. Should Nasdaq approve the proposed plan, Cambium could receive an extension until October 13, 2025, to meet the listing standards. This development highlights the importance of timely financial reporting for maintaining compliance with stock exchange requirements. Investors will be closely monitoring Cambium’s actions to address this issue.

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