Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Q1 2023 Earnings Presentation
9 slides from Ceragon Networks's earnings presentation, May 1, 2023
Slide 1: Q1 2023 Financial Review
Q1 2023 Financial Review May 2023 Proprietary and Confidential May 2023
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 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Europe 15% 21% 14% 19% 19% 18% 15% 14% 17% 15% 13% 13% 14% Africa 6% 4% 14% 10% 9% 8% 6% 9% 8% 6% 5% 7% 6% North America 13% 15% 14% 16% 17% 19% 14% 16% 19% 21% 27% 23% 32% India 25% 22% 24% 23%
Slide 4: Non-GAAP Profit & Loss
NON-GAAP Profit & Loss Actual (Unaudited) Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Revenues 55,871 62,427 70,581 74,002 68,270 68,621 76,115 77,760 70,319 70,674 78,649 75,531 83,409 Cost of Revenues 41,833 45,891 46,970 52,631 48,087 47,005 52,509 55,199 50,850
Slide 5: Selected Cash Flow Data
Selected Cash Flow Data (U.S. dollars in thousands) Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Total cash & cash equivalents 44,120 35,167 29,155 27,101 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 Cash flow from operations 3,127 6,666 (3,225) 10,
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data (U.S. dollars in thousands) Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Cash and Cash Equivalents 44,120 35,167 29,155 27,101 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 Trade Receivables 104,185 97,547 108,394 107,388
Slide 7: Reported results – Reconciliation to GAAP
Reported results – Reconciliation to GAAP (U.S. dollars in thousands) Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Non GAAP Net income (loss) (6,705) (4,852) 2,300 (3,541) (879) (1,178) 1,351 (2,027) (1,853) (2,468) 4,124 (12,527) 3,633 Stock based compensation expen
Slide 8: Quarterly Revenues and Non-GAAP Net Income (Loss)
Quarterly Revenues and Non-GAAP Net Income (Loss) Proprietary and Confidential 8
Slide 9: Thank You
Thank You Proprietary and Confidential