Cambium Networks Corporation revised earnings guidance for the fourth quarter ended December 31, 2023. For the quarter, the company expected revenues of approximately $40.0 million compared to the previous outlook of $45.0-$50.0 million. While the company shipped $51 million in product revenues during the quarter, this was offset in part by an $11 million reduction to revenues as the result of incentives provided to distributors during the fourth quarter of 2023, offering aggressive Enterprise product discounts to clear excess channel inventories.

The outlook for fourth quarter 2023 net loss and loss per share are expected to be below the low end of the previous GAAP ranges.