Cambium Networks Corp
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
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Condensed Consolidated Balance Sheets
(in thousands, except for share and per share data)
| December 31, | June 30, | |
|---|---|---|
| 2023 | 2024 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets | ||
| Cash | $18,710 | $42,574 |
| Receivables, net of credit losses of $283 and $564 | 64,103 | 56,680 |
| Inventories, net | 66,878 | 49,969 |
| Income taxes receivable | 222 | 4,651 |
| Prepaid expenses | 6,589 | 12,057 |
| Other current assets | 6,069 | 6,236 |
| Total current assets | 162,571 | 172,167 |
| Noncurrent assets | ||
| Property and equipment, net | 12,879 | 14,978 |
| Software, net | 11,985 | 12,989 |
| Operating lease assets | 7,894 | 6,931 |
| Intangible assets, net | 7,675 | 6,926 |
| Goodwill | 9,842 | 9,842 |
| Deferred tax assets, net | 3,694 | — |
| Other noncurrent assets | 1,335 | 1,258 |
| TOTAL ASSETS | $217,875 | $225,091 |
| LIABILITIES AND EQUITY | ||
| Current liabilities | ||
| Accounts payable | $19,120 | $16,986 |
| Accrued liabilities | 47,069 | 46,455 |
| Employee compensation | 5,071 | 4,303 |
| Current portion of long-term debt, net | 3,186 | 3,173 |
| Deferred revenues | 8,765 | 8,261 |
| Other current liabilities | 13,117 | 10,114 |
| Total current liabilities | 96,328 | 89,292 |
| Noncurrent liabilities | ||
| Long-term debt, net | 21,926 | 65,685 |
| Deferred revenues | 10,473 | 10,338 |
| Noncurrent operating lease liabilities | 6,595 | 7,046 |
| Other noncurrent liabilities | 1,619 | 1,766 |
| Total liabilities | 136,941 | 174,127 |
| Shareholders' equity | ||
| Share capital; $0.0001 par value; 500,000,000 shares authorized at December 31, 2023 and June 30, 2024; 28,095,144 shares issued and 27,834,908 outstanding at December 31, 2023 and 28,478,209 shares issued and 28,208,596 outstanding at June 30, 2024 | 3 | 3 |
| Additional paid in capital | 152,768 | 158,578 |
| Treasury shares, at cost, 260,236 shares at December 31, 2023 and 269,613 shares at June 30, 2024 | (5,624) | (5,660) |
| Accumulated deficit | (64,598) | (100,188) |
| Accumulated other comprehensive loss | (1,615) | (1,769) |
| Total shareholders' equity | 80,934 | 50,964 |
| TOTAL LIABILITIES AND EQUITY | $217,875 | $225,091 |
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