Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Q4 2023 Earnings Presentation
9 slides from Ceragon Networks's earnings presentation, Feb 20, 2024
Slide 1: Q4 2023 Financial Review
Q4 2023 Financial Review February 2024 February 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Ceragon Networks Ltd. (“Ceragon” or the “Company”) for informational purposes only. This presentation and the information contained herein are proprietary to the Company and may not be reproduced (in whole or in part) nor summarized, used, distribute
Slide 3: Revenues- Geographic Split
Revenues- Geographic Split Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 India 24% 23% 26% 27% 35% 30% 22% 31% 28% 29% 24% 31% 34% 34% North America 14% 16% 17% 19% 14% 16% 19% 21% 27% 23% 32% 26% 26% 27% Latin America 14% 18% 15% 17% 21% 21% 20% 16% 17% 17% 12%
Slide 4: NON-GAAP Profit & Loss
NON-GAAP Profit & Loss Actual (Unaudited) Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Revenues 70,581 74,002 68,270 68,621 76,115 77,760 70,319 70,674 78,649 75,531 83,409 86,151 87,260 90,359 Cost of Revenues 46,970 52,631 48,087 47,005 52,509 55,199 50,850 4
Slide 5: Selected Cash Flow Data
Selected Cash Flow Data (U.S. dollars in thousands) Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Total cash & cash equivalents 29,155 27,101 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 24,529 33,966 28,237 Cash flow from operations (3,225) 10
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data (U.S. dollars in thousands) Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Cash and Cash Equivalents 29,155 27,101 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 24,529 33,966 28,237 Trade Receivables 108,394 107,388 10
Slide 7: Reported results – Reconciliation to GAAP
Reported results – Reconciliation to GAAP (U.S. dollars in thousands) Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Non GAAP Net income (loss) 2,300 (3,541) (879) (1,178) 1,351 (2,027) (1,853) (2,468) 4,124 (12,527) 3,633 4,400 4,964 3,742 Stock based compensati
Slide 8: Quarterly Revenues and Non-GAAP Net Income (Loss)
Quarterly Revenues and Non-GAAP Net Income (Loss) 8
Slide 9: Thank You
~ | Thank You