Ceragon Networks Ltd. · NASDAQ:CRNT
Ceragon Networks — Q3 2023 Earnings Presentation
9 slides from Ceragon Networks's earnings presentation, Nov 6, 2023
Slide 1: Q3 2023 Financial Review
Q3 2023 Financial Review November 2023 Proprietary and Confidential November 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 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 Europe 14% 19% 19% 18% 15% 14% 17% 15% 13% 13% 14% 12% 11% Africa 14% 10% 9% 8% 6% 9% 8% 6% 5% 7% 6% 5% 4% North America 14% 16% 17% 19% 14% 16% 19% 21% 27% 23% 32% 26% 26% India 24% 23% 26% 27%
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 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 Cost of Revenues 46,970 52,631 48,087 47,005 52,509 55,199 50,850 49,142 50,699
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 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 Cash flow from operations (3,225) 10,677 (1,654)
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 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 Trade Receivables 108,394 107,388 106,712 107,404
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 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 Stock based compensation expenses
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