Exhibit 99.1

Cambium Networks Reports Second Quarter 2024 Financial Results

•Revenues of $45.9 million increased 9% sequentially

•Gross margin of 31.4%, non-GAAP(1) gross margin of 33.5%

•Operating loss of $12.1 million, non-GAAP(1) operating loss of $7.9 million

•Net loss of $9.1 million or a loss of $0.33 per diluted share, non-GAAP(1) net loss of $7.1 million or a loss of $0.25 per diluted share

•Net cash provided by operating activities of $2.4 million; $42.6 million cash on the balance sheet

•Adjusted EBITDA(1) loss of $6.7 million or (14.5)% of revenues, an improvement of 57% sequentially

HOFFMAN ESTATES, Ill., Aug. 8, 2024 — Cambium Networks Corporation(“Cambium Networks”) (NASDAQ: CMBM), a leading provider of wireless and wired networking infrastructure solutions, today announced financial results for the second quarter 2024 ended June 30, 2024.

	GAAP									Non-GAAP (1)
(in millions, except percentages)	Q2 2024			Q1 2024			Q2 2023			Q2 2024			Q1 2024			Q2 2023
Revenues	$	45.9		$	42.3		$	59.5		$	45.9		$	42.3		$	59.5
Gross margin		31.4	%		20.5	%		49.1	%		33.5	%		22.7	%		50.3	%
Operating margin		(26.3	)%		(49.6	)%		(4.5	)%		(17.3	)%		(39.5	)%		2.8	%
Net (loss) income	$	(9.1	)	$	(26.4	)	$	(2.6	)	$	(7.1	)	$	(12.7	)	$	0.9
Adjusted EBITDA margin											(14.5	)%		(36.7	)%		4.7	%

1Refer to Supplemental Financial Information accompanying this press release for a reconciliation of GAAP to non-GAAP numbers and for reconciliation of adjusted EBITDA for the second quarter 2024 ended June 30, 2024.

“We delivered 9% sequential growth during the second quarter, margins improved, and we delivered positive cash from operations. Cambium’s product sales out of the distribution channel remain higher than reported revenues, and channel inventories declined, as reported by our distributors. The Enterprise business continued to strengthen, as did our Point-to-Multi-Point business,” said Morgan Kurk, president and CEO.

Kurk continued, “Cambium expects to continue to improve its financial performance for the remainder of calendar 2024 as we control costs and improve our operating efficiency.”

Revenues of $45.9 million for the second quarter 2024 increased by $3.6 million compared to $42.3 million for the first quarter 2024, primarily due to higher Enterprise revenues and higher Point-to-Multi-Point revenues.

GAAP gross margin for the second quarter 2024 was 31.4%, compared to 20.5% for the first quarter 2024. GAAP operating loss for the second quarter 2024 was $12.1 million, compared to an operating loss of $21.0 million for the first quarter 2024. GAAP net loss for the second quarter 2024 was $9.1 million, or a net loss of $0.33 per diluted share, compared to a net loss of $26.4 million, or net loss of $0.95 per diluted share for the first quarter 2024.

Non-GAAP gross margin for the second quarter 2024 was 33.5%, which included $7.0 million in inventory reserve charges and loss on supplier commitments, an improvement from 22.7%, for the first quarter 2024, which also included $7.0 million

in inventory reserve charges and loss on supplier commitments. Non-GAAP operating loss for the second quarter 2024 was $7.9 million, an improvement from a non-GAAP operating loss of $16.7 million for the first quarter 2024. Non-GAAP net loss for the second quarter 2024 was $7.1 million, or a net loss of $0.25 per diluted share, compared to non-GAAP net loss of $12.7 million, or net loss of $0.46 per diluted share for the first quarter 2024. For the second quarter 2024, adjusted EBITDA was a loss of $6.7 million or (14.5)% of revenues, an improvement from an adjusted EBITDA loss of $15.5 million or (36.7)% of revenues for the first quarter 2024. Adjusted EBITDA loss for the second quarter 2024 improved by 57% sequentially.

Net cash provided by operating activities was $2.4 million for the second quarter 2024, compared to net cash used in operating activities of $15.6 million for the first quarter 2024. Cash totaled $42.6 million as of June 30, 2024.

Cambium Networks’ financial outlook does not include the potential impact of any possible future financial transactions, acquisitions, pending legal matters, or other transactions. Accordingly, Cambium Networks only includes such items in the company’s financial outlook to the extent they are reasonably foreseeable; however, actual results may differ materially from the outlook.

Third Quarter 2024 Financial Outlook

Taking into account our current visibility, the financial outlook as of August 8, 2024, for the third quarter ending September 30, 2024, is as follows:

•Revenues between $43.0-$48.0 million

•GAAP gross margin between 39.5%-41.5%; and non-GAAP gross margin between 41.5%-43.5%

•GAAP operating expenses between $26.6-$27.6 million; and non-GAAP operating expenses between $23.4-$24.4 million

•GAAP operating loss between $7.7-$9.7 million; and non-GAAP operating loss between $3.6-$5.6 million

•Interest expense, net, of approximately $1.6 million

•GAAP net loss between $8.0-$9.7 million or a net loss between $0.28 and $0.34 per diluted share; and non-GAAP net loss between $3.8-$5.4 million or a net loss between $0.14 and $0.19 per diluted share

•Adjusted EBITDA loss between $2.4-$4.4 million; and adjusted EBITDA margin between (4.9)%-(10.2%)

•GAAP effective tax rate not meaningful; and a non-GAAP effective tax benefit of approximately 25%

•Approximately 28.2 million weighted average diluted shares outstanding

Cash requirements are expected to be as follows:

•Paydown of debt: $0.7 million; Cash interest expense: approximately $1.5 million

•Capital expenditures: $2.0-$3.0 million

Full Year 2024 Financial Outlook

•Revenues between $180.0-$190.0 million

•GAAP gross margin approximately 35.0%; and non-GAAP gross margin approximately 37.0%

•GAAP net loss between $49.1-$55.3 million or a net loss between $1.74 and $1.96 per diluted share; and non-GAAP net loss between $24.6-$29.4 million or between a net loss between $0.87 and $1.04 per diluted share

•Adjusted EBITDA margin between (12.0)%-(16.2)%

Conference Call and Webcast

Cambium Networks will host a live webcast and conference call to discuss its financial results at 4:30 p.m. ET today, August 8, 2024. To join the financial results live webcast and view additional materials which will be posted to the investor website, listeners should access the investor page of Cambium Networks website https://investors.cambiumnetworks.com/. Following the live webcast, a replay will be available in the event archives at the same web address for a period of one year.

To access the live conference call by phone, listeners should register in advance at https://register.vevent.com/register/BI7601d604141f430eb155a19fa0f819cd. Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.

In addition, Cambium Networks president & CEO, Morgan Kurk, and CFO, Jacob Sayer, will hold one-on-one meetings with investors on Tuesday, August 27, 2024, at the Jefferies Technology, Media, & Consumer Conference in Chicago.

About Cambium Networks

Cambium Networksenables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences and device connectivity with compelling economics. Our ONE Network platform simplifies management of Cambium's wired and wireless broadband and network edge technologies, allowing customers to focus more on managing their business rather than the network. We make connectivity that just works.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain forward-looking statements within the meaning of the federal securities laws, including statements concerning our expected next quarter revenues, net income and cash. All statements other than statements of historical fact contained in this document, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date of this document and are subject to a number of risks, uncertainties and assumptions including those described in the “Risk factors” section of our 2023 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2024, and Form 10-Q filed on May 10, 2024. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Some of the key factors that could cause actual results to differ from our expectations include: the unpredictability of our operating results; our ability to meet the financial and other covenants under our secured credit facilities; our ability to predict and respond to emerging technological trends and network operators' changing needs; our ability to successfully comply with or obtain a waiver of compliance with the financial covenants under our credit facilities and therefore continue as a going concern; the sufficiency of our cash resources and needs for additional financing; our ability to forecast future demand or the level of inventory in our; our ability to manage inventory and the risk of excess or obsolete inventory in our channel; the impact of competitive pressures on the development of new products and our success against competitors in our markets; risks caused by political tensions around the world; the strength of the United States dollar and the impact on the cost of our products globally; current or future unfavorable economic conditions, both domestically and in our foreign markets, including the risk of a global or localized recessions; our reliance on limited or sole source suppliers; our reliance on third-party manufacturers, which subjects us to risks of product delivery delays and reduced control over product costs and quality; our reliance on distributors and value-added resellers for the substantial majority of our sales; the ability of our third-party logistics and warehousing providers to deliver products to our channel partners and network operators in a timely manner; the technological complexity of our products, which may contain

undetected hardware defects or software bugs or subject our products to the risks of ransomware or malware or other cyber-attacks; the impact of any material weaknesses in and our ability to maintain an effective system of internal controls, produce timely and accurate financial statements or comply with applicable regulations; the impact of actual or threatened health epidemics and other outbreaks; our reliance on the availability of third-party licenses; and our inability to obtain intellectual property protections for our products. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events or otherwise.

CAMBIUM NETWORKS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
(Unaudited)
	Three months ended
	June 30, 2024			March 31, 2024			June 30, 2023
Revenues	$	45,946		$	42,337		$	59,542
Cost of revenues		31,536			33,652			30,300
Gross profit		14,410			8,685			29,242
Gross margin		31.4	%		20.5	%		49.1	%
Operating expenses
Research and development		9,149			10,799			13,008
Sales and marketing		9,706			9,721			11,528
General and administrative		5,988			7,510			5,836
Depreciation and amortization		1,669			1,633			1,573
Total operating expenses		26,512			29,663			31,945
Operating loss		(12,102	)		(20,978	)		(2,703	)
Operating margin		(26.3	)%		(49.6	)%		(4.5	)%
Interest expense, net		1,304			881			579
Other expense, net		3			59			64
Loss before income taxes		(13,409	)		(21,918	)		(3,346	)
Provision (benefit) for income taxes		(4,266	)		4,529			(704	)
Net loss	$	(9,143	)	$	(26,447	)	$	(2,642	)
Loss per share
Basic	$	(0.33	)	$	(0.95	)	$	(0.10	)
Diluted	$	(0.33	)	$	(0.95	)	$	(0.10	)
Weighted-average number of shares outstanding to compute loss per share
Basic		27,902,956			27,849,604			27,432,705
Diluted		27,902,956			27,849,604			27,432,705
Share-based compensation included in costs and expenses:
Cost of revenues	$	51		$	33		$	59
Research and development		920			945			1,388
Sales and marketing		486			508			728
General and administrative		1,104			1,100			887
Total share-based compensation expense	$	2,561		$	2,586		$	3,062

CAMBIUM NETWORKS CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share information)
(Unaudited)
	June 30, 2024			December 31, 2023
ASSETS
Current assets
Cash	$	42,574		$	18,710
Accounts receivable, net of credit losses of $564 and $283		56,680			64,103
Inventories, net		49,969			66,878
Income taxes receivable		4,651			222
Prepaid expenses		12,057			6,589
Other current assets		6,236			6,069
Total current assets		172,167			162,571
Noncurrent assets
Property and equipment, net		14,978			12,879
Software, net		12,989			11,985
Operating lease assets		6,931			7,894
Intangible assets, net		6,926			7,675
Goodwill		9,842			9,842
Deferred tax assets, net		—			3,694
Other noncurrent assets		1,258			1,335
TOTAL ASSETS	$	225,091		$	217,875
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	16,986		$	19,120
Accrued liabilities		46,455			47,069
Employee compensation		4,303			5,071
Current portion of long-term debt, net		3,173			3,186
Deferred revenues		8,261			8,765
Other current liabilities		10,114			13,117
Total current liabilities		89,292			96,328
Noncurrent liabilities
Long-term debt, net		65,685			21,926
Deferred revenues		10,338			10,473
Noncurrent operating lease liabilities		7,046			6,595
Other noncurrent liabilities		1,766			1,619
Total liabilities		174,127			136,941
Shareholders' equity
Share capital; $0.0001 par value; 500,000,000 shares authorized at June 30, 2024 and December 31, 2023; 28,208,596 outstanding at June 30, 2024 and 27,834,908 outstanding at December 31, 2023		3			3
Additional paid in capital		158,578			152,768
Treasury shares, at cost, 269,613 shares at June 30, 2024 and 260,236 shares at December 31, 2023		(5,660	)		(5,624	)
Accumulated deficit		(100,188	)		(64,598	)
Accumulated other comprehensive loss		(1,769	)		(1,615	)
Total shareholders’ equity		50,964			80,934
TOTAL LIABILITIES AND EQUITY	$	225,091		$	217,875

CAMBIUM NETWORKS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
	Three Months Ended
	June 30, 2024			March 31, 2024			June 30, 2023
Cash flows from operating activities:
Net loss	$	(9,143	)	$	(26,447	)	$	(2,642	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization of software and intangible assets		2,584			2,536			2,222
Amortization of debt issuance costs		78			77			79
Share-based compensation		2,561			2,586			3,062
Deferred income taxes		—			3,694			(1,805	)
Provision for inventory excess and obsolescence		2,384			6,175			(276	)
Other		(243	)		687			69
Change in assets and liabilities:
Receivables		1,674			2,385			9,165
Inventories		3,240			5,110			(13,739	)
Prepaid expenses		684			(6,161	)		2,734
Income taxes receivable		(4,353	)		(78	)		27
Accounts payable		(298	)		(2,434	)		134
Accrued employee compensation		387			(1,018	)		(931	)
Other assets and liabilities		2,846			(2,759	)		(2,620	)
Net cash provided by (used in) operating activities		2,401			(15,647	)		(4,521	)
Cash flows from investing activities:
Purchases of property and equipment		(2,314	)		(1,767	)		(667	)
Purchases of software		(1,856	)		(1,250	)		(1,796	)
Net cash used in investing activities		(4,170	)		(3,017	)		(2,463	)
Cash flows from financing activities:
Proceeds from issuance of revolver debt		5,000			40,000			—
Repayment of term loan		—			(1,313	)		(657	)
Issuance of ordinary shares under ESPP		663			—			1,102
Taxes paid related to net share settlement of equity awards		(17	)		(15	)		(285	)
Proceeds from share option exercises		—			—			105
Net cash provided by financing activities		5,646			38,672			265
Effect of exchange rate on cash		(14	)		(7	)		1
Net increase (decrease) in cash		3,863			20,001			(6,718	)
Cash, beginning of period		38,711			18,710			38,696
Cash, end of period	$	42,574		$	38,711		$	31,978
Supplemental disclosure of cash flow information:
Income taxes paid	$	2,231		$	116		$	2,639
Interest paid	$	922		$	1,030		$	468
Significant non-cash activities:
Increase in property, equipment and software unpaid in accounts payable or accrued in liabilties	$	46		$	244		$	389
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$	—		$	—		$	674
Deferred issuance costs incurred but not yet paid	$	275		$	—		$	—

CAMBIUM NETWORKS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION
(In thousands)
(Unaudited)
REVENUES BY PRODUCT CATEGORY
			Three Months Ended
	June 30, 2024		March 31, 2024		June 30, 2023
Point-to-Multi-Point	$	19,647	$	19,421	$	26,734
Point-to-Point		13,656		14,411		25,074
Enterprise		11,310		7,163		6,420
Other		1,333		1,342		1,314
Total Revenues	$	45,946	$	42,337	$	59,542
REVENUES BY REGION
			Three Months Ended
	June 30, 2024		March 31, 2024		June 30, 2023
North America	$	20,647	$	25,049	$	39,526
Europe, Middle East and Africa		15,003		8,410		6,769
Caribbean and Latin America		5,306		4,892		6,015
Asia Pacific		4,990		3,986		7,232
Total Revenues	$	45,946	$	42,337	$	59,542

Use of non-GAAP (Adjusted) Financial Measures

In addition to providing financial measurements based on generally accepted accounting principles in the United States (GAAP), we provide additional financial metrics that are not prepared in accordance with GAAP (non-GAAP), including Adjusted EBITDA, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income and non-GAAP operating margin, non-GAAP pre-tax income, non-GAAP provision for income taxes, non-GAAP net income, and non-GAAP fully weighted basic and diluted shares. Management uses these non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes, to measure executive compensation and to evaluate our financial performance. We believe that these non-GAAP financial measures help us to identify underlying trends in our business that could otherwise be masked by the effect of the expenses that we exclude in the calculations of the non-GAAP financial measures.

We believe that these financial measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business and provides information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects. Although the calculation of non-GAAP financial measures may vary from company to company, our detailed presentation may facilitate analysis and comparison of our operating results by management and investors with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results in their public disclosures. These non-GAAP financial measures are discussed below.

Adjusted EBITDA is defined as net (loss) income as reported in our consolidated statements of operations excluding the impact of (i) interest expense (income), net; (ii) income tax provision (benefit); (iii) depreciation and amortization expense; (iv) nonrecurring expenses, (v) share-based compensation expense, and (vi) restructuring expenses. EBITDA is widely used by securities analysts, investors and other interested parties to evaluate the profitability of companies. EBITDA eliminates potential differences in performance caused by variations in capital structures (affecting net finance costs), tax positions (such as the availability of net operating losses against which to relieve taxable profits), the cost and age of tangible assets

(affecting relative depreciation expense) and the extent to which intangible assets are identifiable (affecting relative amortization expense). We adjust EBITDA to also exclude nonrecurring expenses since this is one-time in nature and does not reflect our ongoing operations. We adjust EBITDA for share-based compensation expense which is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Cambium Networks’ control. As a result, management excludes this item from Cambium Networks' internal operating forecasts and models. We also adjust EBITDA to exclude nonrecurring expenses and restructuring expenses as these relate to events outside of the ordinary course of continuing operations and to provide a more accurate comparison of our ongoing business results.

Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income and non-GAAP operating margin, non-GAAP effective tax rate and non-GAAP net income are used as a supplement to our unaudited condensed consolidated financial statements presented in accordance with GAAP. We believe these non-GAAP measures are the most meaningful for period-to-period comparisons because they exclude the impact of share-based compensation expense, restructuring expenses, nonrecurring legal expenses, amortization of acquired intangibles, and amortization of capitalized software costs as we do not consider these costs and expenses to be indicative of our ongoing operations.

Share-based compensation expenses are excluded. Management may issue different types of awards, including share options, and restricted share units, and excludes the associated expense in this non-GAAP measure. Share-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Cambium Networks control.

Amortization of acquired intangibles includes customer relationships and is excluded since these are not indicative of continuing operations.

Amortization of capitalized software costs include capitalized research and development activities amortized over their useful life and included in cost of revenues and are excluded since these are not indicative of continuing operations.

Restructuring expenses consist primarily of severance costs for employees which are not related to future operating expenses. Cambium Networks excludes these expenses since they result from an event that is outside the ordinary course of continuing operations. Excluding these charges permits more accurate comparisons of Cambium Networks’ ongoing business results.

Our non-GAAP tax adjustments include the tax impacts from share-based compensation expense including excess or decremental tax benefits available to the company that are recorded when incurred. Non-GAAP results exclude the effect of a valuation allowance recorded against tax assets for the cumulative loss related to our UK and U.S. operations. Cambium Networks excludes these amounts to more closely approximate the company’s ongoing effective tax rate after adjusting for one-time or unique non-recurring items. The associated non-GAAP effective tax rate is also applied to the gross amount of non-GAAP adjustments for the purpose of calculating non-GAAP net income in total and on a per-share basis. This approach is designed to enhance the ability of investors to understand the company's tax expense on its current operations, provide improved modeling accuracy, and substantially reduce fluctuations caused by GAAP adjustments which may not reflect actual cash tax expense.

Non-GAAP fully weighted basic and diluted shares are shown as outstanding during the entire period presented and include dilutive shares if their effect on earnings per share is dilutive. We also use non-GAAP fully weighted basic and diluted shares to provide more comparable per-share results across periods.

These non-GAAP financial measures do not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP. There are limitations in the use of non-GAAP measures because they do not include all the expenses that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable non-GAAP financial measure. In addition, other companies may use other measures to evaluate their performance, or may calculate non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. We present a “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” in the tables below.

The following table reconciles net income to Adjusted EBITDA, the most directly comparable financial measure, calculated and presented in accordance with GAAP (in thousands):

CAMBIUM NETWORKS CORPORATION
SUPPLEMENTAL SCHEDULE OF NON-GAAP ADJUSTED EBITDA
(In thousands)
(Unaudited)
	Three months ended
	June 30, 2024			March 31, 2024			June 30, 2023
Net loss	$	(9,143	)	$	(26,447	)	$	(2,642	)
Interest expense, net		1,304			881			579
(Benefit) provision for income taxes		(4,266	)		4,529			(704	)
Depreciation and amortization of software and intangible assets		2,584			2,536			2,222
EBITDA		(9,521	)		(18,501	)		(545	)
Share-based compensation		2,561			2,586			3,062
Restructuring and other nonrecurring expenses		310			377			256
Adjusted EBITDA	$	(6,650	)	$	(15,538	)	$	2,773
Adjusted EBITDA Margin		(14.5	)%		(36.7	)%		4.7	%

The following table reconciles all other GAAP to non-GAAP financial measures (in thousands):

CAMBIUM NETWORKS CORPORATION
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
(Unaudited)
	Three Months Ended
	June 30, 2024			March 31, 2024			June 30, 2023
GAAP gross profit	$	14,410		$	8,685		$	29,242
Share-based compensation expense		51			33			59
Amortization of capitalized software costs		916			903			648
Restructuring and nonrecurring expense		26			3			—
Non-GAAP gross profit	$	15,403		$	9,624		$	29,949
Non-GAAP gross margin		33.5	%		22.7	%		50.3	%
GAAP research and development expense	$	9,149		$	10,799		$	13,008
Share-based compensation expense		920			945			1,388
Restructuring and other nonrecurring expense		26			285			256
Non-GAAP research and development expense	$	8,203		$	9,569		$	11,364
GAAP sales and marketing expense	$	9,706		$	9,721		$	11,528
Share-based compensation expense		486			508			728
Restructuring and other nonrecurring expenses		196			18			—
Non-GAAP sales and marketing expense	$	9,024		$	9,195		$	10,800
GAAP general and administrative expense	$	5,988		$	7,510		$	5,836
Share-based compensation expense		1,104			1,100			887
Restructuring and other nonrecurring expenses		62			71			—
Non-GAAP general and administrative expense	$	4,822		$	6,339		$	4,949
GAAP depreciation and amortization	$	1,669		$	1,633		$	1,573
Amortization of acquired intangibles		374			375			375
Non-GAAP depreciation and amortization	$	1,295		$	1,258		$	1,198
GAAP operating loss	$	(12,102	)	$	(20,978	)	$	(2,703	)
Share-based compensation expense		2,561			2,586			3,062
Amortization of capitalized software costs		916			903			648
Amortization of acquired intangibles		374			375			375
Restructuring and other nonrecurring expenses		310			377			256
Non-GAAP operating (loss) income	$	(7,941	)	$	(16,737	)	$	1,638
GAAP pre-tax loss	$	(13,409	)	$	(21,918	)	$	(3,346	)
Share-based compensation expense		2,561			2,586			3,062
Amortization of capitalized software costs		916			903			648
Amortization of acquired intangibles		374			375			375
Restructuring and other nonrecurring expenses		310			377			256
Non-GAAP pre-tax (loss) income	$	(9,248	)	$	(17,677	)	$	995
GAAP (benefit) provision for income taxes	$	(4,266	)	$	4,529		$	(704	)
Valuation allowance impacts		(4,955	)		11,194			—
Tax rate change		—			—			(147	)
Tax impacts of share vesting		487			58			18
Tax effect of Non-GAAP adjustments		(1,040	)		(1,060	)		(868	)
All other discrete items		3,368			(687	)		200
Non-GAAP (benefit) provision for income taxes	$	(2,126	)	$	(4,976	)	$	93
Non-GAAP ETR		23.0	%		28.1	%		9.4	%
GAAP net loss	$	(9,143	)	$	(26,447	)	$	(2,642	)
Share-based compensation expense		2,561			2,586			3,062
Amortization of capitalized software costs		916			903			648
Amortization of acquired intangibles		374			375			375
Restructuring and other nonrecurring expenses		310			377			256
Non-GAAP adjustments to tax		(1,100	)		10,565			71
Tax effect of Non-GAAP adjustments		(1,040	)		(1,060	)		(868	)
Non-GAAP net (loss) income	$	(7,122	)	$	(12,701	)	$	902
Non-GAAP fully weighted basic shares		28,209			27,893			27,603
Non-GAAP fully weighted diluted shares		28,211			27,908			28,279
Non-GAAP net (loss) income per Non-GAAP basic share	$	(0.25	)	$	(0.46	)	$	0.03
Non-GAAP net (loss) income per Non-GAAP diluted share	$	(0.25	)	$	(0.46	)	$	0.03

###

Investor Inquiries:

Peter Schuman, IRC

Vice President Investor, Industry Analyst & Public Relations

Cambium Networks

+1 (847) 264-2188

peter.schuman@cambiumnetworks.com