Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Q1 2024 Earnings Presentation
9 slides from Ceragon Networks's earnings presentation, May 7, 2024
Slide 1: Q1 2024 Financial Review
Q1 2024 Financial Review May 2024 May 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 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 North America 17% 19% 14% 16% 19% 21% 27% 23% 32% 26% 26% 27% 33% India 26% 27% 35% 30% 22% 31% 28% 29% 24% 31% 34% 34% 29% EMEA 28% 26% 21% 23% 25% 21% 18% 20% 20% 17% 15% 19% 17% Latin America
Slide 4: NON-GAAP Profit & Loss
NON-GAAP Profit & Loss Actual (Unaudited) Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Revenues 68,270 68,621 76,115 77,760 70,319 70,674 78,649 75,531 83,409 86,151 87,260 90,359 88,498 Cost of Revenues 48,087 47,005 52,509 55,199 50,850 49,142 50,699 50,551 55,053
Slide 5: Selected Cash Flow Data
Selected Cash Flow Data Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Total cash & cash equivalents 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 24,529 33,966 28,237 28,783 Cash flow from operations (1,654) (2,958) (667) (9,740) (1,816) (3,173) 8,597
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data (U.S. dollars in thousands) Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Cash and Cash Equivalents 33,011 28,670 27,235 17,079 24,960 23,592 25,964 22,948 26,423 24,529 33,966 28,237 28,783 Trade Receivables 106,712 107,404 109,863 118,310
Slide 7: Reported results – Reconciliation to GAAP
Reported results – Reconciliation to GAAP (U.S. dollars in thousands) Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Non GAAP Net income (loss) (879) (1,178) 1,351 (2,027) (1,853) (2,468) 4,124 (12,527) 3,633 4,400 4,964 3,742 4,743 Stock based compensation expenses 35
Slide 8: Quarterly Revenues and Non-GAAP Net Income (Loss)
Quarterly Revenues and Non-GAAP Net Income (Loss) Revenues 100.0 90.4 88.5 86.2 87.3 90.0 83.4 76.1 77.8 78.6 80.0 75.5 68.3 68.6 70.3 70.7 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1.23 Q2.23 Q3.23 Q4.23 Q1.24 8
Slide 9: Thank You
~ | Thank You