Cambium Networks Corp (CMBM) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-Q	8-K	10-Q	10-Q	10-K	10-Q	10-Q
Other							280.0
Total revenues				285.8	309.2	335.9	339.9	337.0
Revenue growth				-15.2%	0.9%	20.6%	30.9%	33.5%
Cost of goods sold				152.7	163.4	175.1	171.4	168.4
Gross profit				133.1	145.8	160.8	168.5	168.6
Gross margin				46.6%	47.1%	47.9%	49.6%	50.0%
Selling, general and administrative [+]				47.8	46.7	46.3	46.9	47.2
Sales and marketing				43.3	42.2	41.8	40.8	39.2
General and administrative						28.7	28.3
Other selling, general and administrative						-24.2
Research and development						48.4	43.4
Other operating expenses				-4.4	-13.0	-12.5		-8.4
EBITDA [+]				44.5	67.0	82.0	90.2	92.7
EBITDA growth				-51.9%	81.6%	223.9%	597.8%	875.9%
EBITDA margin				15.6%	21.7%	24.4%	26.5%	27.5%
Depreciation				2.9	2.8	2.8	2.9	3.9
EBITA				41.6	64.1	79.2	87.3	88.8
EBITA margin				14.6%	20.7%	23.6%	25.7%	26.3%
Amortization of intangibles				1.8	1.9	2.1	2.2	2.2
EBIT [+]				39.8	62.2	77.1	85.1	86.6
EBIT growth				-54.0%	104.1%	313.0%	1346.5%	3112.9%
EBIT margin				13.9%	20.1%	23.0%	25.0%	25.7%
Interest expense						4.0	4.9
Interest expense				4.0	4.0	4.0	4.9	5.4
Other income (expense), net [+]				-29.2	-41.3	-41.2	-40.3	-40.5
Other					0.2	0.4	-0.5
Pre-tax income				6.6	16.9	31.9	39.9	40.7
Income taxes				-0.2	0.9	-5.5	-6.6	-6.8
Tax rate				-2.3%	5.5%	-17.3%	-16.4%	-16.7%
Net income				6.8	16.0	37.4	46.5	47.5
Net margin				2.4%	5.2%	11.1%	13.7%	14.1%

Basic EPS [+]				$0.26	$0.60	$1.42	$1.78	$1.83
Growth				-86.0%	-60.4%	96.3%	512.2%	1206.2%
Diluted EPS [+]				$0.24	$0.57	$1.31	$1.65	$1.72
Growth				-85.9%	-61.4%	83.1%	474.6%	1132.9%


Shares outstanding (basic) [+]				26.6	26.5	26.4	26.2	26.0
Growth				2.6%	2.8%	2.6%	8.2%	7.4%
Shares outstanding (diluted) [+]				27.9	28.2	28.7	28.1	27.5
Growth				1.3%	5.5%	10.1%	15.3%	13.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.